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A resulting trust arises from the conduct of the parties.
Town Loan Center agrees to loan Sara $1,500, accepting as collateral her car. They put
their agreement in writing and sign it. Sara keeps possession of the car. Does Town
Loan have an enforceable security interest? How can Town Loan let other creditors
know of its interest in the car?
Under the Sarbanes-Oxley Act of 2002, chief financial officers must certify the
accuracy of information in corporate financial statements and reports that are filed with
the Securities and Exchange Commission.
A pro rata clause requires that all carriers proportionately share in any loss.
An expression of opinion will usually create a warranty.
A valid will is one that represents the maker's intention to transfer and distribute his or
her property.
A special power of attorney permits an agent to transact all business for a principal.
The distribution of promotions and other job benefits according to a seniority system is
not normally a good defense to a suit for employment discrimination.
Securities generally do not include any documents evidencing corporate ownership or
debt.
An implied warranty or merchantability and an implied warranty of fitness for a
particular purpose cannot exist in a single transaction.
