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An indorsement in trust creates a trust for the benefit of himself or others.
Some states prescribe by statute a time period, usually one year, in which a person who
reached the age of majority may still disaffirm contracts made while a minor.
Explain how the terms civil law and civil law system differ.
What is an independent contractor? Can an independent contractor also be an agent?
Explain.
A usage of trade is a practice or method of dealing regularly observed and followed in a
place, vocation, or trade.
A deed of trust differs from a mortgage in that the former conditionally conveys the
property to a trustee for the benefit of the creditor.
If a drawer files a stop payment order on a check, he is automatically relieved of
liability for the obligation.
