Jennifer has offered to sell her laptop computer for $500 to Jack. She tells Jack that the computer is only six months old but, in fact, it is three years old, and Jennifer wants to unload the lemon. Jack agrees to buy the computer based on Jennifer's representations. This contract is
A. a void agreement because of the fraud involved.
B. a voidable contract, one that Jack can void.
C. a voidable contract, because it is unilateral.
D. a void contract because of the UCC.
Answer: B
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Manny, Moe, and Jack are hunters. In 1990 they discovered what appeared to be a deserted hunting lodge in the woods. The lodge had no indoor plumbing, no running water, and no heating system other than a fireplace. The building is a 1-mile hike from the nearest road. Every year since 1990, they have returned to the lodge and used it as a base during the deer and elk hunting seasons in the fall and winter months. They spend a total of six weeks per year using the lodge. They have cleaned, cut, and stacked firewood and even stored clothing inside the lodge when they were not there. The owner of the lodge had noticed the stacked firewood but had not traveled to the lodge during hunting season to find out who was using the property even though he was disturbed that the property was being used
without his permission. After the statutory period has run, have Manny, Moe, and Jack acquired title to the property? What will be an ideal response?
You should restate your thesis and central idea in which part of your presentation?
a. transitions b. conclusion c. body d. introduction
Minimum legal capital is the least amount that the buyers of stock must contribute to the corporation or be at risk to pay creditors at a future date.
Answer the following statement true (T) or false (F)
The European Central Bank and the European Monetary Union perform the functions of arbiter and final decision maker in conflicts between European Union law and individual member states
Indicate whether the statement is true or false