The primary way of accomplishing public policy is through:
A. Lobbying Congress.
B. Regulation.
C. Waiting for businesses to act.
D. Writing your politician.
Answer: B
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A perfected purchase money security interest in inventory is likely to have priority over a conflicting security interest in the same inventory if the:
A. holder of the competing security interest received notification within eight years before the debtor receives the inventory. B. purchase money secured party gives an oral notification to the prior secured creditor before the debtor receives the inventory. C. notification states that the person expects to acquire a purchase money security interest in inventory of the debtor and describes the inventory. D. purchase money security interest is perfected three months after the debtor receives possession of the inventory.
Grandpa calls Billy and says, "I want you to have my toy train set. I'll bring it by next week."
Billy says that he would love to have it. Grandpa dies unexpectedly that afternoon, and in his will leaves everything to Alicia, Billy's cousin. Which is true? A) Alicia gets the train because Grandpa had not yet taken the train to Billy. B) Billy gets the train because of the agreement with Grandpa. C) Billy gets the train because there was donative intent on Grandpa's part and he (Billy) accepted the gift. D) Alicia and Billy now each have a half interest in the train because Grandpa and Billy owned the train as tenants in common at the time of Grandpa's death. E) Billy gets at least part interest in the train because Grandpa cannot treat his cousins unequally in his will.
Making extra mortgage payments does which of the following?
A) Increases the total amount of interest paid B) Reduces the length of the loan C) Decreases net worth D) Increases the points charged
Which of the following is not a defense that may be raised in case of assault or battery:
a. privilege b. defense of property c. consent d. helplessness e. self-defense