A(n) ________ claim is an unsecured debt that does not take precedence over other debts, for example, credit card debt or medical bills

Fill in the blank(s) with correct word


nonpriority

Legal Studies & Paralegal

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A lease in which the lessee pays a fixed amount as basic rent and is not required to pay any portion of the lessor’s operating expenses is known as a ___ lease.

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

Legal Studies & Paralegal

Answer the following statements true (T) or false (F)

1. Duress is a defense to escape. 2. Under RICO, corporations can be corrupt organizations. 3. Under RICO, a partnership cannot be a corrupt organization. 4. Under RICO, a sole proprietorship cannot be a corrupt organization 5. Under RICO, the government cannot be a corrupt organization.

Legal Studies & Paralegal

An example of insurance risk sharing is:

a. Automobile collision coverage with a deductible. b. Co-pay in a health insurance policy. c. Both a & b. d. Neither a nor b.

Legal Studies & Paralegal

Under the UCC section 2-202, what resources can a court use to interpret a contract for the sale of goods between merchants?

A) legal dictionaries and encyclopediae B) None - nothing can be used to interpret or modify the terms of a written contract. C) course of dealing and trade-specific terms D) the parties' prior negotiations and subjective intent

Legal Studies & Paralegal