CERTIFIED NJ QPA STUDY GUIDE & REVISION SUMMARY TUTOR VERIFIED

CERTIFIED NJ QPA STUDY GUIDE & REVISION SUMMARY TUTOR VERIFIED Dillion's Rule (1868) states that local governments do not have any inherent sovereignty and instead must be authorized by state governments that can create or abolish them Cooley Doctrine Local government is a matter of absolute right and the state may not take it away. Forms of NJ Municipal Government Boroughs, Commissions, Municipal Mgr, Town, Township, Village, and Cities. Optional Faulkner Act. What is 'common rule'? State and cities are required to adhere to Federal laws. Must do the stricter of the them. The purpose of the Uniform Commercial Code: a. to simplify, clarify and modernize the law governing commercial transaction; b. to permit the continued expansion of commercial practices through custom, usage and agreement of the parties; and c. to make uniform the law among the various jurisdictions. What is the 'Battle of the forms'? The battle of the forms generally refers to the situation where buyers send out purchase orders and sellers respond with sales acknowledgement forms but, although the fronts of the documents basically match up, the backs are fundamentally different. warranty of title The seller warrants that the title being conveyed is good and that the transfer is lawful. Expressed Warranty an oral or written statement by the seller Implied Warranty of Fitness for a Particular Purpose