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Question
Which of the following requires a written contract to be enforceable?
A. Jon rents a luxury yacht for a month at a cost of $10,000.
B. Lindsay borrows $5,000 from Robert to buy a car.
C. Stanley's pit bull has just had a litter, and he agrees to sell you a puppy for $500 when the pups are weaned from their mother.
D. Philip agrees to paint your house for $500.
Answer
This answer is hidden. It contains 117 characters.
Related questions
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B. constitutional and common law.
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Which of the following is not a primary source of law?
A. uniform model law
B. administrative 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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Which of the following, from highest to lowest, properly demonstrates preemption?
A. federal common law; federal statutes; U.S. Constitution
B. state statutory law; federal common law; federal administrative law
C. state common law; state administrative law; state statutory law
D. federal administrative law; federal common law; state statutory 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?
A. Sue for breach of contract and seek a legal remedy.
B. Sue for an injunction.
C. Bring a suit in equity and seek monetary damages.
D. Sue for breach of contract and seek a decree of specific performance.
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The U.S. system of common law is deep-seated in the French common law established by the Norman kings around 1066.
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A business that is subject to an agency's jurisdiction is required to turn over documents relevant to determining compliance with a particular rule.
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________ is a body of law that defines, regulates, and limits the exercise of authority by federal regulatory agencies.
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A heightened standard of judicial review called the ________ test is used when the formal rulemaking process is required by the enabling statute.
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Brent has opened a fruit and vegetable business named Brent's Country Stand near an affluent suburban neighborhood. After six months Brent wishes to raise capital for expansion, so he offers a number of his customers the following deal: If the individual gives Brent $10,000, Brent will provide a promissory note, payable in five years with full repayment of the principal and a 10 percent interest rate of return. Brent's Country Stand is the maker of the notes, and about 10 customers have purchased these notes. Do these promissory notes qualify as securities? Why or why not?
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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.
A. Since Sarbanes-Oxley does not have a whistle-blower provision, Gina has no recourse if she wants to keep her job.
B. Since Gina didn't actually participate in the frauds and since she is only following orders, she will have no liability.
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The Financial Stability Oversight Board created by the Restoring American Financial Stability Act of 2010 has the power to:
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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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A. taxes
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?
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D. never, because Eric was not the one actually using the money