Business Law with UCC Applications Student Edition 13th Edition

Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Answer: FALSELife insurance contracts carried for the benefit of a relative or approved beneficiary that have yet to mature are also protected. Answer: TRUE Answer: FALSELife insurance contracts carried for the benefit of a relative or approved beneficiary that have yet to mature are also

Answer: FALSE The U.S. Supreme Court has given journalists the extra protection of the actual malice testwhen they write about public officials. Under the actual malice test, a public official must prove not only that the statement made or printed was false but also that it was made with actual

Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Answer: FALSEA modified form of term insurance is decreasing term insurance. The premium stays constant from year to year, but the amount of protection (death benefit) decreases over the years. Answer: TRUE A negotiable instrument is a written document signed by the maker that

Answer: TRUEAnswer: FALSEThe court must distinguish between undue influence and the kindness, attention, advice, guidance, and friendliness shown toward the testator by the one named in the will. Answer: TRUEAnswer: FALSEThe court must distinguish between undue influence and the kindness, attention, advice, guidance, and friendliness shown toward the testator by

Answer: TRUEAnswer: FALSEA holder who receives an instrument from a holder in due course acquires the rights of the holder in due course, even though he or she does not qualify as a holder in due course. Answer: TRUEAnswer: FALSEA holder who receives an instrument from a holder in due

Through what kind of written instrument would Tim direct Howard to pay $600 to the order of Celeste? A. A certificate of deposit B. A note C. A draft D. A dishonored draft Answer: C.A draft (also called a bill of exchange) is an instrument in which one party writes an instrument

Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Answer: TRUEAnswer: FALSEA contract implied by the direct or indirect acts of the parties is known as implied-in-fact contract. Because the parties to a contract enter that contract by an exercise of free will, thecourt follows the objective concept rule in interpreting the acts

Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Answer: FALSETo adopt the euro, Europe's common currency, a country must first belong to the European Union. Membership in the EU alone, however, is not enough to allow a nation to adopt the euro. In addition, a nation must have a stable inflation rate,

Answer: FALSEIn 1976, the FTC adopted the holder in due course rule. Answer: TRUE Answer: FALSEIn 1976, the FTC adopted the holder in due course rule. Answer: TRUE Answer: FALSE In 1976, the FTC adopted the holder in due course rule. Answer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer:

Answer: FALSERejection terminates an offer and all negotiations associated with it. Further negotiations could commence with a new offer by either party or a renewal of the original offer by the offeror. Answer: FALSE Like most government regulatory agencies, the NLRB has investigative, regulatory, administrative, enforcement, and judgmental powers. It

Answer: TRUEAnswer: FALSEThe principle of the separation of powers set up the now familiar three branches of the national government: the executive branch, the legislative branch, and the judicial branch. The principle of checks and balances allows each branch to share in the power of the other two branches. Answer:

Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Answer: TRUEAnswer: FALSEFirst, another bright gal (or boy) decided that, what worked for mortgages would work for car loans, furniture loans, boat loans, home improvement loans, student loans, constructionloans, and so on. Thus, we witness the growing popularity

Answer: FALSEThose experts who believe in deterrence advocate long and difficult prison sentences so that other people in society are dissuaded from committing similar offenses and thus suffering the same fate. Answer: FALSESometimes mediation follows the filing of a lawsuit but sometimes it occurs to prevent a lawsuit from being

Answer: FALSEIn any event, a bank may pay or certify checks for 10 days after the date of death of the drawer. This rule permits holders of checks that are drawn shortly before the drawer's death to cash them without the necessity of filing a claim with the court handling

Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Having been called for jury selection, Lawrence discovered that the defendant in the trial is the brother of his stockbroker. The lawyers may rightfully reject Lawrence on the grounds that his relationship with the stockbroker may affect his ability to be an unbiased juror.

Which of the following stated that a farmer's production of wheat for use only on his own farm was held to impact interstate commerce. A. Gibbons v. Ogden B. Wickard v. Filburn C. Hughes v. Wendel D. Mangus v. Miller Answer: B.This ruling included the activity that occurred within a single state,

Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Answer: TRUEAnswer: FALSE A cybertort involves the invasion, distortion, theft, falsification, misuse, destruction, or exploitation of information stored in or related to electronic devices, including but

Answer: FALSEIf the stream is navigable, however, each owner owns only to the bank of the stream, and the bed is owned by the state. Answer: TRUE Answer: FALSEIf the stream is navigable, however, each owner owns only to the bank of the stream, and the bed is owned by the

Answer: TRUEAnswer: TRUE Answer: TRUEAnswer: TRUE Answer: TRUE Answer: TRUE Answer: FALSE The Landrum-Griffin Act amended the Taft-Hartley Act, making it an unlawful labor practice to become involved in a hot-cargo contract. In this type of agreement, an employer voluntarily agrees with a union not to handle, use, or deal in nonunion-produced goods of

Answer: TRUEAnswer: FALSETo give minority shareholders an opportunity to elect one or more directors, some states permit cumulative voting. Answer: TRUEAnswer: FALSETo give minority shareholders an opportunity to elect one or more directors, some states permit cumulative voting. Answer: TRUE Answer: FALSE To give minority shareholders an opportunity to elect one or

Answer: TRUEAnswer: FALSEMost people 65 years of age and older are eligible for Medicare a federally funded health insurance program. Answer: TRUEAnswer: FALSEMost people 65 years of age and older are eligible for Medicare a federally funded health insurance program. Answer: TRUE Answer: FALSE Most people 65 years of age and older

Answer: FALSEAn offer should identify (1) the parties involved in the contract, (2) the goods or services that will be the subject matter of the contract, (3) the price the offeror is willing to pay or receive, and (4) the time required for the performance of the contract. Answer: TRUE Answer: