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BLAW 220 UAlbany - Midterm Review Exam Question with 100 % correct answers | Verified | updated

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3 strikes rule - Statute of frauds, if all 3 requirements are met, you cannot raise statute of frauds 3rd Party Beneficiary - Ensures a 3rd party will receive the benefits of a contract A promise to charity is/isn't enforceable even without consideration - is Acceptance - Must be definite and un...

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BLAW 220 UAlbany- Final Exam Review Questions + Answers Graded A+

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A draft is an ______written order by one party (drawer) that directs the 2nd party, the drawee, to pay a 3rd party, the payee. - unconditional Additional terms to a contract - (ONLY APPLIES TO A CONTRACT BETWEEN MERCHANTS) in a contract between merchants where one party adds unimportant terms in ...

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BLAW 220- Final Exam Questions And Answers

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Adverse Possession - A person takes possession & use of a property belonging to another. Possession must be open, notorious, hostile & uninterrupted for a certain period of time. APA - American Psychological Association arbitrary and capricious - a judgment or decision, by an administrative agenc...

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Blaw 220 Hummel - FInal UAlbany Questions And Answers

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3 personal defense - mental illness, breach of warrantee and bankruptcy Accept goods-buyer - verbally, resell or alter the goods, obtain the goods, delay the rejection of goods Accommodation Party - someone who lends his name to someone Additional terms - only applies to contract to contracts be...

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BLAW - final exam Professor Hummel Questions and Answers with complete solution

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(open terms of a contract) Payment - due when the good is picked up (open terms of a contract) Place of Delivery - if unspecified, the buyer picks up the good from the sellers place of business (open terms of a contract) Price - Reasonable price, determined by the market of the good (open terms ...

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Blaw midterm- Farley Question with 100 % correct answers | Verified | updated

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3 types of law - constitution statute case law (common law) actual authority - when an agent is directly appointed by the principle apparent authority - by communication to the third party, orally or in writing, (indirectly authorize) can partnerships be oral? - yes case law - used purely to ...

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