Business Law 45393

subject Type Homework Help
subject Pages 5
subject Words 319
subject Authors Roger LeRoy Miller

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Certain reorganization cases may be converted to repayment plan cases with the consent
of the debtor.
Good intention is a complete defense to conversion.
An insurance application is part of the insurance contract.
Strict liability applies to the suppliers of component parts.
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A buyer may reject a sellers goods under any circumstances.
An installment contract is breached if a buyer accepts any nonconforming goods.
A plaintiff is a person against whom a lawsuit is brought.
A foreign citizen can bring a civil suit in a U.S. court for a violation of international
law.
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On a contract breach, the nonbreaching partys only option is to refuse to perform.
A buyer who accepts nonconforming goods cannot revoke the acceptance.
A covenant not to sue is the substitution of a contractual obligation for a legal action.
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Under a dram shop act, liability can be imposed without proof of negligence.
An effective offer requires a reasonable price related to market value.
A lease is enforceable even if the premises are intended to be used for an illegal
purpose.
A state court can exercise jurisdiction over any person within the boundaries of the
state.
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In contract law, "consideration refers to the time that a party takes to evaluate a deal.

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