problems and financial difficulties, and pat was concerned about his friends depressed
mental state. in 2003, pat flew from atlanta to new york to meet jimmy. prior to pats
flight, jimmys employee had faxed copies of various construction contracts and
correspondence relating to jimmys controversial projects for pat to review. in late 2005,
pat billed jimmy for a $40,000 balance that jimmy owed on the alleged oral contract. in
a letter to pat, jimmy stated: i have paid you plenty and will not pay you any more. i
have not called for any professional advice since then. pat filed suit against jimmy for
breach of contract. will pat succeed?
a.yes, because pat was offering his friend professional consultation.
b.yes, because there is a valid contract formed, since jimmy had sought pats advice.
c.no, because it was a friendly advice and not an actual contract.
d.no, because pat never entered into an oral contract and only written contracts are
enforceable.
14) ordinary nonphysical and nonviolent duress that causes the transfer of a negotiable
instrument:
a.prevents its negotiation.
b.is a good defense against a holder in due course of the instrument.
c.is subject to rescission before the instrument is transferred to a holder in due course.
d.is a good defense against the maker of a note.
15) according to the law, crimes are statutory offenses; this essentially means that:
a.it must be proved that the crime is dangerous or detrimental to society.
b.a behavior is not a crime unless a state legislature has criminalized it.
c.the prevention of crime should include deterrence and rehabilitation.
d.courts may assess punitive damages in order to punish the wrongdoer.