If, when considering a contract under the UCC, the court needs to resolve a term that is not clearly specified, the courts prefer to look to:
a. past dealings of the party b. equitable resolutions
c. Department of Commerce data d. reliance damages
e. none of the other choices
a
You might also like to view...
A principal is not bound to contracts made by an apparent agency
Indicate whether the statement is true or false
The broad categories of life insurance products including which of the following?
A) Term B) Whole life C) Universal life D) All of the above
In Kelo v. City of New London, Conn., where the city forced people to sell their houses so there could be a new large private project built, the Supreme Court held that the forced sale:
a. was legitimate as long as the city used the property for government purposes b. violated the takings clause because the largest impact of the action fell on minorities c. violated the takings clause because property owners were not paid fair market value d. was legitimate even if the city sold the property to a private party e. none of the other choices
A taxpayer can exclude from gross income any interest earned on bonds issued by any state, any possession of the United States, any political subdivision of either of the foregoing, or of the District of Columbia as long as these bonds are not issued for private activities.
Answer the following statement true (T) or false (F)