{"id":124975,"date":"2022-07-17T00:00:00","date_gmt":"2022-07-17T00:00:00","guid":{"rendered":"https:\/\/nursingstudybay.com\/2022\/07\/17\/exam-500321rr-sales-2018-1-management-homework-help\/"},"modified":"2022-07-17T00:00:00","modified_gmt":"2022-07-17T00:00:00","slug":"exam-500321rr-sales-2018-1-management-homework-help","status":"publish","type":"post","link":"https:\/\/www.studyproessays.com\/help\/exam-500321rr-sales-2018-1-management-homework-help\/","title":{"rendered":"Exam 500321rr sales (2018)-1 | Management homework help"},"content":{"rendered":"

<\/p>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n

1. Mark is mentally \u00a0\u00a0incompetent and delights in signing documents. Henry persuades Mark to sign \u00a0\u00a0numerous promissory notes which he negotiates. Must Mark pay these notes if \u00a0\u00a0they have been held by holders in due course?\u00a0<\/strong><\/p>\n

A. Mark may not pay \u00a0\u00a0these notes since no one could anticipate this happening.<\/strong><\/p>\n

B. Mark must pay \u00a0\u00a0these notes since duress isn’t involved.<\/strong><\/p>\n

C. Mark must pay \u00a0\u00a0these notes since there is a fraud in the inducement.<\/strong><\/p>\n

D. Mark doesn’t have \u00a0\u00a0to pay these notes since he has a real defen<\/strong><\/p>\n

2. Carl writes a check \u00a0\u00a0for $500, payable to Fred. Fred indorses it over to Sally in exchange for a \u00a0\u00a0television set. Sally deposits the check, only to discover that Carl stopped \u00a0\u00a0payment on the check. Which of the following statements is true?\u00a0<\/strong><\/p>\n

A. The bank must pay \u00a0\u00a0$500 to Sally.<\/strong><\/p>\n

B. Carl must pay $500 \u00a0\u00a0to Sally.<\/strong><\/p>\n

C. Fred must pay $500 \u00a0\u00a0to Sally.<\/strong><\/p>\n

D. No one is \u00a0\u00a0obligated to pay anything to Sally.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

3. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Electronic _______ is a system in which funds are electronically \u00a0\u00a0\u00a0\u00a0transferred from a customer’s checking account, eliminating the need to \u00a0\u00a0\u00a0\u00a0process a paper check.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

\u00a0A. check \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0conversion\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. fund transfer\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. check transfer\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. teller system\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

4. \u00a0\u00a0Personal defenses can be used against\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. a holder \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0in due course of a negotiable instrument, but not a holder.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. any party \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0with whom the holder in due course has dealt.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. a holder, but not a holder in due course of \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0a negotiable instrument.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. natural \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0persons, but not corporations.\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

5. \u00a0\u00a0Local business activity \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0carried on within state boundaries is known as\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. interstate commerce.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. intrastate commerce.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. local commerce.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. public commerce.\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

6. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Lulu orders 20 pairs of navy blue pants from Peter for $4,000, \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0with delivery due no later than November 15. On November 15, \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Peter delivers 20 navy dresses. Lulu may\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. sue for specific \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0performance.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. keep the goods and seek \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0adjustment.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0C. sue for breach.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. cover the sale.\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

7. \u00a0\u00a0Jake bought a motorcycle from his \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0neighbor Randy. Randy had owned the motorcycle for his \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0personal use for about two years. The day after the \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0purchase, Jake is seriously injured after the motorcycle \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0suddenly veers off of the highway due to a manufacturing \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0defect. Jake brings a strict liability action against \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Randy. Jake will <\/strong>most<\/strong><\/em> likely lose because the\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0defendant must normally be engaged in the business of \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0selling or otherwise distributing motorcycles.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. motorcycle can’t have \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0been substantially changed from the time the product was \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0sold to the time of the injury.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. plaintiff must incur \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0physical harm by use of the motorcycle.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. product must be in a \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0defective condition when the defendant sells it.\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

8. \u00a0\u00a0Zeke pulls out a knife and \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0tells Bob to write him a check for $500. Bob does so. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Zeke takes the check to his bank, properly endorses it, \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0and receives $500 in cash. Bob stops payment on the \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0check. Which of the following statements is <\/strong>true?<\/strong><\/em><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0A. Bob must pay the check because the bank is a \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0holder in due course.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Bob must pay the check because Zeke was a holder \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0in due course.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Bob need not pay the check because it was \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0obtained illegally.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Bob need not pay the check because the bank is a \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0holder, not a holder in due course.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

9. \u00a0\u00a0Which of the following statements is <\/strong>true<\/strong><\/em> of \u00a0\u00a0the FTC’s Telemarketing Sales Rules?\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. A telemarketer \u00a0\u00a0\u00a0\u00a0is allowed to call a consumer without requiring the consumer’s consent.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. Calling times \u00a0\u00a0\u00a0\u00a0are restricted to anytime during business days and holiday weekends.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. Telemarketers \u00a0\u00a0\u00a0\u00a0are excused from disclosing the name of the seller, and what they’re \u00a0\u00a0\u00a0\u00a0selling before they make their pitch.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. Telemarketers must state the total cost of the \u00a0\u00a0\u00a0\u00a0products or services offered and that the sale is final or nonrefundable. \u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

10. \u00a0\u00a0Dennis contracts with Racketware, Inc., a company \u00a0\u00a0in France, to purchase 5,000 tennis rackets. The rackets will be shipped by \u00a0\u00a0airplane to a warehouse in New Jersey. Dennis and Racketware enter into a \u00a0\u00a0contract on November 1, and the contract identified the rackets being \u00a0\u00a0purchased. The airplane containing the rackets leaves France on November 2. \u00a0\u00a0The documents necessary to claim the rackets are received by Dennis in the \u00a0\u00a0mail on November 3. Dennis claimed the goods at the warehouse on November 4. \u00a0\u00a0Dennis acquired an insurable interest in the rackets on what date?\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. November 3\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. November 1\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. November 2\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. November 4\u00a0<\/strong><\/p>\n

\u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n

11. \u00a0\u00a0If a person obtains property as a result of \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0another’s fraud, misrepresentation, mutual mistake, undue influence, or \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0duress, the person is said to hold only\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. voidable rights.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. contract \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0rights.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. valid \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0rights.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. insured \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0rights.\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

12. \u00a0\u00a0Tom agrees to sell 500 pairs of pants to \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Sally for $5,000. Tom delivers the pants. Sally hands Tom a check. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Tom demands cash and refuses to accept the check. Which of the \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0following statements is <\/strong>true?<\/strong><\/em><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. Sally \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0will be in breach if she doesn’t immediately give Tom $5,000 in \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0cash.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. Sally \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0is in breach because Tom is permitted to demand cash.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. Sally \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0must pay cash but is entitled to a reasonable time to come up with \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0the cash.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. Tom is in breach as the UCC gives him no \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0right to demand cash.\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

13. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0To accept a draft, the drawee<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. need only sign the draft \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0across the face of the instrument.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. needs to write “accepted” behind the \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0instrument and sign the bank’s record.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. needs to write “accepted” on a separate \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0piece of paper.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. need only sign on a separate piece of paper affixed \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0to the draft.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

14. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0If a drawee refuses to pay the instrument, it is said to be\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. delayed.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. defaulted.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. detained.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. dishonored.\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

15. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Which of the following is <\/strong>true<\/strong><\/em> of destination contracts?\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. Both title and risk of loss pass to the buyer when \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0goods are given to the carrier.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. It requires a seller to turn the goods over to a \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0carrier for delivery to the buyer.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. The seller bears no responsibility for seeing that \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0the goods reach their destination.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. Title and risk of loss pass \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0to the buyer, once the seller tenders goods at a place as per \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0the contract.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

16. \u00a0\u00a0A check for which the issuing financial institution \u00a0\u00a0is both the drawer and the drawee is called a _______.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. teller’s check\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. certified check \u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. bank draft\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. traveler’s check\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

17. \u00a0\u00a0Under the doctrine of _______, the principal \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0consideration is the safety of a product, not the conduct of the \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0manufacturer or supplier of the goods.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. strict liability\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. public \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0interest\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. public \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0policy\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. negligence\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

18. \u00a0\u00a0Tom falsely tells Harold that the car Tom \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0is selling has only 30,000 miles on it. In fact, Tom has turned back \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0the odometer and the true mileage is 150,000. Harold purchases the \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0car by giving Tom a check for $3,000. Tom endorses the check to Sally \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0in exchange for a plasma TV. Harold discovers the fraud and stops \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0payment on the check, so it’s dishonored when Sally deposits it in \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0her bank account. Sally sues Harold to enforce payment of the check. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Which of the following statements is <\/strong>true?<\/strong><\/em><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

\u00a0A. Harold can’t successfully assert the \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0defense of fraud in the inducement to avoid paying $3,000 to Sally.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. Harold \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0must pay Sally, but only to the extent of the value of the plasma \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0TV that Tom bought from Sally.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

C. Harold \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0can successfully assert the defense of fraud in the inducement to \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0avoid paying $3,000 to Sally.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. Harold \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0has a real defense that can be asserted against Sally.\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

19. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Congress passed the _______ which requires lenders to disclose \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0the finance charge and the annual percentage rate.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. Fair Credit Reporting Act\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. Equal Credit Opportunity Act\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0C. Truth-in-Lending Act \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. Fair Debt Collection Practices Act\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

20. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Even though Spice gives her four-year-old car to Homeless Helpers \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Charity, she\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0\u00a0<\/strong><\/p>\n

A. need not provide an odometer statement, since the car \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0is less than 15 years old.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

B. must set the odometer to zero before resale.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0C. must provide an \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0odometer statement.\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

D. need not provide an odometer statement.\u00a0<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0\u00a0\u00a0\u00a0\u00a0 1. Mark is mentally \u00a0\u00a0incompetent and delights in signing documents. Henry persuades Mark to sign \u00a0\u00a0numerous promissory notes which he negotiates. Must Mark pay\u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10099,10681,7636,615,10892,10680,10891],"tags":[10553,10616,10254,10896,10897,10247,10295,10898,10893,10894,10895,10899,10551],"class_list":["post-124975","post","type-post","status-publish","format-standard","hentry","category-buy-essay","category-cheap-dissertation-help-online","category-cheap-essay-writer-usa","category-homework-help-writing-service-usa","category-page-paper","category-university-dissertation-writing-service","category-write-my-assignment-ireland","tag-1-assignment-help-online-service-for-students-in-the-usa","tag-australian-best-tutors","tag-can-someone-write-my-assignment-for-me","tag-case-study-in-nursing-writing-a-nursing-case-study-essay","tag-free-nursing-case-studies","tag-help-me-write-my-dissertation","tag-homework-for-you","tag-nursing-case-study-assignment-examples","tag-nursing-case-study-examples","tag-nursing-case-study-presentation-example","tag-nursing-case-study-questions-and-answers","tag-student-nurse-case-study-assignments","tag-write-my-assignment-help-for-college-students"],"_links":{"self":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/124975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/comments?post=124975"}],"version-history":[{"count":0,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/124975\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/media?parent=124975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/categories?post=124975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/tags?post=124975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}