Business Law 53201

subject Type Homework Help
subject Pages 5
subject Words 325
subject Authors Roger LeRoy Miller, William E. Hollowell

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Most advertisements"this property for sale"are offers.
An intended beneficiary can sue directly to enforce a promisor's promise.
A circular letter is NOT evidence of an intent to enter into a contract.
The government cannot take private property for public use.
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The injury suffered by a nonbreaching party due to the breach of a contract may be
remedied by payment of compensatory damages.
If a seller is a merchant, and the seller holds the goods, the risk of loss cannot pass to a
buyer.
The simplest mortgage loan is an adjustable-rate mortgage.
Corporations, like persons, can be liable for crimes.
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A quitclaim deed warrants more than any other deed.
The person who owes the payment of a secured obligation is the secured party.
For most purposes, the law recognizes a partnership as an independent entity.
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The concept of a floating lien applies to a constantly changing inventory.
The possession of monopoly power alone does NOT constitute the offense of
monopolization.
A will can be partially revoked.
To be enforceable, a memorandum evidencing an oral contract must include all
essential terms.
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Only the federal government sets safety standards governing workplaces.
The public disclosure of private facts about a person is an invasion of privacy.

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