There is a common misconception that individuals and businesses that file for bankruptcy are over-extended, irresponsible money managers who want to get out of paying their debts
Indicate whether the statement is true or false
TRUE
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What is a codicil?
What will be an ideal response?
Roger gets bucked off of his $20,000 horse. As he picks himself up off the ground, he yells, "I'll sell this worthless horse for $100!" Carrie hands Roger $100 and tries to take the horse. Roger will not sell her the horse for $100, so Carrie wants to sue him for breach of contract. An attorney would likely advise Carrie that
A. she will easily win the case. B. no contract was formed because Roger's offer was not serious. C. no contract was formed because the horse is worth $20,000. D. a contract was formed, but Carrie will have to pay the horse's true value if she wants to buy it.
In strict products liability actions, punitive damages can be awarded if the plaintiff can show that the defendant acted recklessly or maliciously in allowing the harm to occur
Indicate whether the statement is true or false
All of the following are ADR methods involving a third-party decision-maker except:
A. Neutral fact finding B. Mediation C. Arbitration D. Early neutral evaluation E. All of the above