BLAW EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.

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 ...

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...

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...

(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 ...

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 ...