LGST 40606

subject Type Homework Help
subject Pages 6
subject Words 1005
subject Authors Richard A. Mann

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page-pf1
The State may appeal a verdict of "not guilty" if there is an error in the trial.
Acceptance of any part of a commercial unit is acceptance of the entire unit.
The shelter rule applies even if the transferee was a party to fraud or illegality affecting
the instrument.
A shareholder may not vote without being at the shareholder meeting.
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What are the ways in which a minor may ratify a contract? What are the ways in which
a minor may disaffirm a contract? What is the effect of a minor misrepresenting age in
order to enter into a contract?
The EPA may not impose civil fines.
In cases where one party to an illegal agreement is less at fault than the other, he will be
allowed to recover payments made or property transferred.
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Only a bank may serve as the maker of a certificate of a deposit.
Title to existing, identified goods can pass whenever the parties agree it will pass.
Discuss who has the risk of loss in the absence of a breach in a destination contract for
the sale of goods. Also discuss the effect of an agreement of the parties.
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Title insurance protects an owner of real property from losses due to defects in title,
liens, or encumbrances.
In all instances other than a drawee of an unaccepted draft or uncertified check, the only
presentment warranty that is given is that the warrantor is a person entitled to enforce
the instrument or is authorized to obtain payment on behalf of the person entitled to
enforce.
Copyright infringement may be unintentional.
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What is electronic funds transfer? Why do banks like it? What provisions are in the law
to protect the customer who uses electronic funds transfer?
Restitution involves a return of consideration or its value to the aggrieved party.
An implied contract is not an enforceable contract.
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Montey receives his monthly bank statement on December 30th. He looks at it quickly,
then sets it aside. Three days later, he examines it again and discovers a forged check.
What must he do to avoid responsibility for the check? Cite Code provisions.
In an assignment for the benefit of creditors, if each creditor is paid an equal share of
his original obligation, the debtor is then discharged from any further obligation to the
creditor.

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