LAW 542 Midterm 1

subject Type Homework Help
subject Pages 2
subject Words 181
subject Authors Arnold J. Goldman, William D. Sigismond

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page-pf1
Refraining from doing something you have a legal right to do is called
____________________.
How does the perfect tender rule under the UCC change the obligations of the seller and
the buyer as their obligations existed under the common law?
A(n) ____________________ is a promise by a bank to repay money left on deposit by
a depositor.
One who is first obligated to pay a negotiable instrument is called a(n)
____________________ party.
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The inherent right of government to take private property is called
____________________.
Many cases are settled after a(n) ____________________ conference is held.
A check more than six months old is void.

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