M 260 Test 2

subject Type Homework Help
subject Pages 4
subject Words 329
subject Authors Henry R. Cheeseman

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A person who was legally insane at the time of entering a contract is relieved of his or
her duties from the contract.
Ordinances are not codified into code books.
Express contract can be stated orally.
Implied warranties are expressly stated in the sales or lease contract.
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The Ultramares doctrine provides the broadest standard for holding accountants liable
to third parties for negligence.
Identification of the parties of a contract would be an express term.
It is legal for an administrative agency to act outside the scope of its delegated powers,
provided that it has the written consent of an administrative law judge.
Sales that contain provisions of services and goods in the same transaction are not
covered by Article 2 of the UCC.
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The filing fees for all types of bankruptcy is the same.
The Miranda rights assure the arrested that a lawyer will be appointed to the arrested if
he or she cannot afford one.
The Government in the Sunshine Act is a federal act that opens most federal
administrative agency meetings to the public.
The record date for the declaration of dividends is set forth in the articles of
incorporation.
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Utility patents for inventions are valid for 20 years.
A quasi contract is an equitable doctrine whereby a court may award monetary damages
to a plaintiff for providing work or services to a defendant even though no actual
contract existed.

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