LWP 544 Quiz 1

subject Type Homework Help
subject Pages 3
subject Words 235
subject Authors David P. Twomey, Marianne M. Jennings

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In most states, promises made to another based on moral obligation lack consideration
and are not enforceable.
Over half of all Fortune 500 firms train their employees to recognize and deal with
particular types of behavior that breach their ethical codes.
The debts of a decedent are paid prior to distribution of any balance of the estate to
those entitled to receive it.
The interests of the less-developed nations of the world are represented by the United
Nations Conference on Trade and Development (UNCTAD).
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Deductions from wages for cash or merchandise shortages are legal even if they reduce
an employee€s wages below the minimum wage.
Defenses raised in a suit based on a sales contract differ greatly from defenses used in
regard to any other type of contract.
Under the common law and the majority rule, a landlord has no duty to mitigate
damages when the tenant abandons the premises before the expiration of the lease.
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In 1976 the Federal Trade Commission adopted a rule that expands the rights of a
holder in due course in a consumer credit transaction.

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