LWP 892 Midterm

subject Type Homework Help
subject Pages 3
subject Words 338
subject Authors Barry S. Roberts, Richard A. Mann

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Constructive trusts are generally found where the creator clearly intended a trust to be
formed.
The Magnuson-Moss Warranty Act is administered by the Federal Trade Commission.
How does liability based upon negligence differ from that based upon strict liability?
The word "parol" literally means release.
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An accountant is subject to potential civil liability arising from the professional services
he provides to his clients and third parties.
In 1985, Jack executed a valid will in which he left his entire estate to the Heart Fund.
In 1990, Jack was declared incompetent and committed to an institution. At his death in
1995, his son, Brian, who was his sole survivor, contested the will claiming that Jack
was obviously incompetent. Will Brian prevail with this argument? Explain.
The dollar volume of commercial payments made by checks or credit cards exceeds the
dollar amount made by wire transfer.
The final arbiter as to the constitutionality of laws passed by Congress or by the
legislature of a state is the Supreme Court of the United States.
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An unauthorized signature may bind a principal who allowed the signature to be made
through his own negligence.
The costs or losses an injured party avoids by not having to perform are not figured in
the computation of damages.

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