JD 705 Midterm 2

subject Type Homework Help
subject Pages 2
subject Words 223
subject Authors Arnold J. Goldman, William D. Sigismond

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Group insurance expires when the person leaves the group.
Pauley owns and operates the only grocery store in a small town of about 500 residents.
Has Pauley violated the antitrust laws by creating a monopoly?
A material breach of contract discharges the contract.
Forbearance is a promise to do something you are not legally required to do.
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A contract for the sale of $400 worth of merchandise must be in writing.
Harrison purchased a vacuum cleaner from a door-to-door salesperson for $300. Two
days later she changed her mind and wanted to cancel the sale. The company insisted
that she was bound by the written sales contract. Is the company correct?
Failure to indorse a check is considered improper presentment, and the person
presenting the check is not considered a(n) ____________________.

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