M 221 Test 1

subject Type Homework Help
subject Pages 3
subject Words 285
subject Authors Barry S. Roberts, Richard A. Mann

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page-pf1
Most states have special incorporation statutes governing nonprofit corporations.
An indorsement "Pay Alice Adams" is an assignment rather than a negotiation since it
lacks words of negotiability.
The Bill of Rights restricts the power and authority of the federal government.
List the services that the Sarbanes-Oxley Act prohibits accounting firms from
performing for audit clients.
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All present and former owners of contaminated property have liability for its Superfund
clean-up costs if they caused the contamination or if they owned the property while it
was contaminated, whether or not they knew of the contamination.
Knowingly and intentionally trafficking in goods or services bearing a counterfeit mark
can be a criminal offense.
Upon the termination of an agency, the agent's actual authority ceases. The Second and
Third Restatements differ about when apparent authority ceases.
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If a contract contains the term 'no arrival, no sale,' title and risk of loss do not pass to
the buyer until the seller makes a tender of the goods after they arrive at their
destination.

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