Prior to passage of the U.S. Constitution, the governing document of the country was the ________. There was no mention of bankruptcy in this document, so the states were left to establish their own laws regulating the relationships between debtors and creditors

A) Articles of Confederation
B) Articles of the Union
C) Articles of the Colonies
D) None of these


A

Legal Studies & Paralegal

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Perse means which of the following?

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?A prediction concerning potential loss based on known and unknown factors is

A. liability. B. risk. C. hazard. D. possibility.

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Answer the following statement(s) true (T) or false (F)

1. Contract attorneys work directly for the public. 2. P.C. stands for “professional corporation.” 3. One disadvantage to a partnership is that all partners are liable for the malpractice of other partners. 4. All shareholders in a professional legal corporation must be attorneys in most states. 5. In an office-sharing arrangement, an attorney may do work for the law firm in lieu of paying rent.

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In historical terms, a "dram" is:

a. Another name for a bottle of beer. b. A unit of measurement of a small drink of spirits. c. Another name for a glass of beer. d. A glass of wine.

Legal Studies & Paralegal