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Question
Which of the following involves a third-party substitution?
A. novation
B. accord and satisfaction
C. substitute agreement/modification
D. rescission
Answer
This answer is hidden. It contains 72 characters.
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Which of the following is not a primary source of law?
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The National Conference of Commissioners on Uniform State Laws (NCCUSL) was formed by the ________ for the purpose of establishing uniform standards in areas of law where national interests would be achieved through the use of uniform laws.
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B. state statutory law; federal common law; federal administrative law
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Bradley collects historic memorabilia, and one of his prized possessions is the pistol used by Aaron Burr in his duel with Alexander Hamilton. After reading an article in a magazine, Bradley discovers that Sam owns the matching pistol, used by Hamilton in the duel. Bradley contacts Sam and offers him $500,000 for the pistol. Sam e-mails Bradley that he accepts his offer but that the transaction must be for cash and face-to-face. Bradley responds that he'll be at Sam's home at noon the next day with the money. When he arrives, Sam informs him that he's received an offer of $600,000 for the pistol and states that Bradley must pay that amount or he'll sell to the other buyer. Bradley wants the weapon to complete the set. If he sues Sam, what course of action will best provide him the results he desires?
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B. Sue for an injunction.
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D. Sue for breach of contract and seek a decree of specific performance.
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C. to accredited investors.
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Gina is the executive secretary to the CEO of a large public corporation. One day her boss takes her into a back room containing numerous cardboard file boxes and three shredding machines, and he orders her to shred every document and file in the room. He then says, "We're under investigation by the SEC, and if they get their hands on anything in this room, we're ruined." She asks what is going on and is told that the company has been perpetrating frauds for years and needs to destroy all the evidence.
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B. compel the SEC to assume an oversight position over institutions that pose a global risk to financial markets.
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B. child support
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Chris wanted to get a loan from the bank, but he had bad credit. In order to get the money, he convinced Eric to cosign as a surety. Now Chris has stopped making the payments. When is Eric liable for repayment of the loan?
A. at any point
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C. only after the bank attempts to recover the full amount from Chris
D. never, because Eric was not the one actually using the money