LWP 821 Quiz 1

subject Type Homework Help
subject Pages 2
subject Words 180
subject Authors Barry S. Roberts, Richard A. Mann

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page-pf1
A bank is permitted by statute to remove an original paper check from the check
collection process and send instead of it a substitute check.
A bankruptcy petition may be filed by one creditor of a debtor as long as the debtor
owes him more than $14,425 in unsecured claims.
The death of the beneficiary will generally terminate the trust.
Kant's philosophy rejects the idea that the end justifies the means.
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Unlike voting trusts, shareholder voting agreements are not limited in duration.
Shareholder approval of a fundamental change means a unanimous vote.
In a contract where the buyer is to pick up the goods at the seller's place of business and
the seller is a merchant, the risk of loss passes to the buyer when the goods are tendered
to the buyer.

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