isthe ability to enter into andbe bound by a legalcontract.

Fill in the blank(s) with the appropriate word(s).


Contractual capacity

Legal Studies & Paralegal

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An alternative dispute resolution process in which a neutral third person helps the parties clarify their issues, consider alternatives, and reach a settlement is

A) arbitration. B) mediation. C) direct negotiation. D) pretrial conferencing.

Legal Studies & Paralegal

The mortgagor has a right to foreclose when the mortgagee defaults in the payment of the debt or fails to follow a condition of the mortgage

a. true b. false

Legal Studies & Paralegal

a.  entrustment b.   express warranty c.   insurable interest d.   privity e.   title f.    implied g.   revert h.   tort i.    valid title j.    puffing ?Oral or written statement that makes representations about product.

Fill in the blank(s) with the appropriate word(s).

Legal Studies & Paralegal

Ralph left 55 Next Avenue to John under his will. This gift is known as a demonstrative legacy

a. True b. False

Legal Studies & Paralegal