The federal courts and the state courts can never have concurrent jurisdiction over the same case
a. True
b. False
Indicate whether the statement is true or false
False
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Parties to a contract agree in advance to pay ________ damages if the contract is breached
A) nominal B) compensatory C) liquidated D) consequential
________ is an objection that can be raised by a defendant when there is a negligent delay in asserting a right or a claim by a plaintiff
A. Expropriation B. Lack of a genuine link C. Failure to exhaust remedies D. Laches
Alice is browsing in a commercial art gallery when she sees a painting that she likes. Roger, who is the manager of the gallery, tells her that the painting is a genuine Leroy Neiman work. Based upon that representation, Alice buys the work for $5,000. She later discovers that the painting is only a cheap copy of the original that is worth no more than $50. Roger has breached:
A) an express warranty to Alice that the painting is a Neiman work. B) the warranty of merchantability. C) no express warranties, because his statement was merely an opinion. D) an express warranty, the warranty of merchantability, and the warranty of fitness for a particular purpose.
What is likely to be the most credible exchange rate system?
What will be an ideal response?