LB 365 Quiz 3

subject Type Homework Help
subject Pages 3
subject Words 279
subject Authors David P. Twomey, Marianne M. Jennings

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An employment contract always will state a time or duration for the contract's
applicability.
An acceptance must be absolute and unconditional.
In a non-shipment contract risk of loss passes to the buyer when the merchant seller
makes the goods available to said buyer.
A corporation may exercise its power to borrow money by issuing bonds.
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Web site operators are free to plant €cookies€ on computers with no fear of action
for breach of unauthorized access or privacy.
A factual incapacity may exist when, because of a mental condition caused by
medication, drugs, alcohol, illness, or age, a person does not understand that a contract
is being made or understand its general nature.
The Equal Pay Act prohibits variation in wage rates paid to men and women based
solely on gender.
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When a lease runs for an indefinite period, which may be terminated at any time by the
landlord or the tenant, a tenancy at will exists.
An accountant may be liable for damages if the accountant fails to inform a client of the
tax consequences associated with selling a business.
A bank's customer whose signature has been forged may be barred from holding the
bank liable if the customer€s negligence substantially contributed to the making of
the forgery.

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