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A transferee of a nonnegotiable warehouse receipt acquires only the title and rights that
the transferor had actual authority to transfer.
Most states provide that if a dishonored check is not made good within a stated period
of time, it will be presumed that the check was originally issued with the intent to
defraud.
Only direct losses from a breach of contract may be recovered by an injured party.
Under the Uniform Simultaneous Death Act, if survivorship cannot be established, the
property of each person is disposed of as though each had survived the other.
A bailee's lien gives the bailee the right to keep possession of the bailed property until
reasonable charges for storage and/or repairs are paid.
A security interest gives a creditor the same protection than is afforded by a right to sue
on the debt.
Under the Equal Credit Opportunity Act, it is unlawful to discriminate against an
applicant because all or part of the applicant€s income is obtained from a public
assistance program.
