M 536 Test 2

subject Type Homework Help
subject Pages 2
subject Words 178
subject Authors Arnold J. Goldman, William D. Sigismond

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page-pf1
A debtor's property may be seized and sold to pay off a debt.
Under Article 2 of the UCC, a purchaser obtains only such ____________________ to
goods as the seller had.
A limited partnership is a hybrid between a(n) ____________________ and a
partnership.
If the bailed property is severely damaged or if it is destroyed, the bailment is ended.
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When parties enter into a contract, they acquire rights and assume obligations.
____________________ is the process of establishing the validity of a will.
A promissory note states that the note is due one year from March 31, 2010 "with
interest at the current rate." Is this instrument negotiable?

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