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Indicate whether the statement is true or false
F
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A direct popular government where the people vote on and decide all important issues is called:
a. a republic b. socialism c. a democracy d. capitalism
Answer the following statement(s) true (T) or false (F)
1. An offer is not definite if it contains a condition precedent that must occur before a party is obligated to perform a contract. 2. An offer is terminated by the death of the offeror. 3. Under the UCC, an offer may be accepted by any reasonable method. 4. An implied method of acceptance is the manner in which the offer is made, and an acceptance communicated in an authorized manner is effective when dispatched. 5. An offer can be revoked prior to acceptance unless it meets the UCC requirements of a firm offer. 6. The parol evidence rule allows testimony to vary the terms of a written contract if they are ambiguous terms or subsequent terms.
An individual business debtor may file under Chapter 13.
Answer the following statement true (T) or false (F)
It is unusual for a mortgage to provide that the mortgagee shall have any claim to insurance proceeds payable as a result of a casualty to the secured property.
Answer the following statement true (T) or false (F)