In order for an assault to occur, there must also be an accompanying battery
Indicate whether the statement is true or false
FALSE
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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 Year 3: 90,000 Determine the dividends in arrears for preferred stock for the second year
a. $25,000 b. $10,000 c. $0 d. $30,000
Reformation is:
a. a type of restitution b. a form of quantum meruit. c. a form of quasi-contract. d. uncommon.
Phaedra and Raul contract with Sheldon to transfer the ownership of their lake cottage to him. This is
A. a delegation. B. an assignment. C. a third party beneficiary contract. D. an alienation.
You verbally agree to buy a house for $250,000 . When the contract is prepared, the price is accidentally typed in as $25,000 rather than $250,000, but no one notices it until after you and the seller sign the document. At that point, you claim you only have to pay $25,000 and you claim that was the price you had agreed to originally. The court will say you are:
a. correct; under the Statute of Frauds, written documents control, not oral statements b. correct; under the Statute of Frauds, written documents for real estate control the deal c. incorrect; the consideration ($25,000) is insufficient given the value of the house d. incorrect; $25,000 was obviously a mistake and the price goes to $250,000 e. incorrect; you are guilty of perjury and will go to prison