M 732 Quiz

subject Type Homework Help
subject Pages 3
subject Words 236
subject Authors Arnold J. Goldman, William D. Sigismond

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Property damaged by a hit-and-run driver is covered by uninsured motorist insurance.
Money damages awarded for a breach of contract are an example of a legal remedy.
Exculpatory clauses relieve a party in advance for liability for the tort of negligence.
The Uniform Commercial Code (UCC) is very strict on what will constitute a signature
that appears on a negotiable instrument.
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An agreement not to compete is legal if time and territory restrictions are reasonable.
A minor may ratify an agreement while still a minor.
Platt inherited $50,000. She hired an agent and gave the agent specific instructions to
invest the money in land. Instead, the agent invested the money in stock, thinking that
Platt would get a better return on her money. Is the agent entitled to compensation?
Full performance before being notified of an assignment releases the obligor from any
legal obligation to the assignee.
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Most product liability lawsuits are based on the theory of negligence.

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