A qualified indorsement qualifies the effect of a blank or special indorsement by
disclaiming certain liabilities of the indorser to a maker or drawee.
A liquidated damages clause is a contractual provision stipulating the amount of
damages to be paid in the event of default or breach of contract.
The Uniform Anatomical Gift Act permits persons sixteen (16) years of age or older to
make gifts of their bodies or any parts thereof.
In almost all states, a periodic tenancy is implied if the tenant, with the consent of the
landlord, stays in possession of the property after a tenancy for years.
Creditors cannot legally request collateral on a previously unsecured loan.