M 519 Midterm 1

subject Type Homework Help
subject Pages 3
subject Words 217
subject Authors Arnold J. Goldman, William D. Sigismond

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page-pf1
A person who signs a negotiable instrument in an unauthorized manner is subject to
____________________ liability.
A bailment in which only one party to the bailment, but not both benefits is called a(n)
____________________.
Most businesses in the United States are organized as sole proprietorships.
A written assignment may be either formal or ____________________.
page-pf2
____________________ is a government-financed program of medical coverage for
indigent persons.
The rules established by government to regulate the conduct of individuals and groups
in a society are called ____________________.
A lawsuit for breach of a sales contract must be brought within four years.
A security agreement must be signed by both the debtor and the creditor.
page-pf3
For a statement made by a seller to a buyer to become a(n) ____________________
warranty, the statement must be part of the basis of the sale.
Use of real property may be restricted by government through zoning laws.

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