T or F An attorney can commingle his own personal assets with property belonging to a client as long as the attorney keeps accurate records.
Answer the following statement true (T) or false (F)
False
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What is an independent adoption?
Fill in the blank(s) with the appropriate word(s).
The Chapter 12 debtor, unlike his or her Chapter 7 counterpart, is initially a debtor in possession.
Answer the following statement true (T) or false (F)
Fred sends Opal a notice telling her that he will sell her a brand-new RV for $300,000. Opal misreads the notice and believe that the price is $30,000. She immediately accepts the offer. Is there a contract?
A) No, because Opal is bound by her word despite her subjective misunderstanding of the price. B) Yes, because any reasonable person would have known that Opal misunderstood the price. C) No, because the RV is worth much more than $30,000. D) Yes, because Fred is bound by what Opal thought he wrote, not what he actually wrote.
A bank cannot use its own prime lending rate as an index for the adjustment in interest rate.
Answer the following statement true (T) or false (F)