LWB 723 Midterm

subject Type Homework Help
subject Pages 2
subject Words 203
subject Authors Arnold J. Goldman, William D. Sigismond

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An agent is liable on a contract if the agent signs the principal's name.
A public garage's disclaimer of liability for a car lost or stolen because of the garage
owner's negligence is likely to be unenforceable.
A form of time draft called a(n) ____________________ is used by a seller as a credit
device.
If it is hard to determine whether a contract is unilateral or bilateral, what does the law
presume?
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A person who wishes to bring an action against another based on fraud must first show
that there has been either a false statement or a concealment of a(n)
____________________ fact.
The circulation of a negotiable instrument begins when the maker or the drawer issues
an instrument to the ____________________.
Both statute law and case law are used in the United States legal system to reach
decisions in civil lawsuits and criminal actions.

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