A ___ is a contract containing two promises, one made by each party to the contract.
a. bilateral contract
b. unilateral contract
c. quasi contract
d. contract implied in fact
Answer: a. bilateral contract
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A satisfaction piece is:
A. A court document to initiate the attainment of payment from a debtor B. A court document to state the existence of a judgment debtor C. A court document to state the existence of a judgment debtor D. A document filed with the clerk of court to mark a judgment as being paid on the docket E. None of the above
The illegal practice by a lender that excludes loan applicants from obtaining loans for the purchase of homes in certain disfavored areas, is:
a. Steering b. Blockbusting c. Redlining d. None of the above
T or F If a defendant in a lawsuit fails to object to the subject matter jurisdiction of the court prior to filing an answer, the defendant loses the right to object thereafter.
Answer the following statement true (T) or false (F)
A power of appointment that includes an interest in the thing itself, such as the power and interest of a partner in a business who is given the right to manage the business as security for loans he has made to the partnership, is
A. a power coupled with an interest B. an implied authority C. an undisclosed agency D. respondeat superior