LWP 666

subject Type Homework Help
subject Pages 2
subject Words 258
subject Authors David P. Twomey, Marianne M. Jennings

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A corporation may be convicted of a criminal offense if it is shown beyond a reasonable
doubt that the offense was committed by its agent acting within the scope of the agent's
authority.
The maker is the person who writes out and creates a promissory note.
Under the UCC, a negotiation is not effective when it is made by a minor or any other
person lacking capacity.
Under Revised UCC Article 9, a debtor may authorize a financing statement by
acquiring the collateral that is subject to the security agreement.
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Ethical violations can cause lasting detriment to a company's ability to do business
through impacts on the company's reputation.
Howard bought goods from Williams. Howard sent Williams a draft covered by a letter
of credit issued by First National Bank. Is the bank required to investigate to determine
whether the goods sent by Williams conform to the contract?
All courts have original jurisdiction.

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