LWB 450 Quiz 3

subject Type Homework Help
subject Pages 4
subject Words 296
subject Authors Henry R. Cheeseman

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Agency relationships created against public policy are void and unenforceable.
The Law and Economics School of jurisprudential thought believes that promoting
market efficiency should be the central goal of legal decision making.
If no time is stated in an offer, then the offer stays valid indefinitely.
Copyrights are addressed separately by different state laws.
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Contracts based on illegal consideration are valid.
If an owner of real property fails to pay property taxes, the government can obtain a lien
on the property for the amount of the taxes.
A gift promise requires the promisee to provide consideration.
If the parties to a sales contract do not agree to the time, place, and manner of delivery
of the goods, the place for delivery is the seller's place of business.
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Limited liability companies (LLCs) are treated as artificial persons who can sue or be
sued and enter into and enforce contracts.
Appellate court decisions are final and cannot be appealed to any higher courts.
A composition provides a longer period of time for a debtor to pay his or her debts.
Under the mailbox rule, an acceptance is only effective when it is received.
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The fair use doctrine for copyrights allows certain limited unauthorized use of
copyrighted materials.

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