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
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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).
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.
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.
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