« previous next »

Author Question: The Uniform Commercial Code was written by: A) lawyers from Louisiana. B) The National Conference ... (Read 33 times)

EAugust

  • Hero Member
  • *****
  • Posts: 550
on: Jun 24, 2018
The Uniform Commercial Code was written by:
 A) lawyers from Louisiana.
 B) The National Conference of Commissioners on Uniform State Law.
 C) The American Law Institute.
 D) Both b and c

Question 2

Haskins is an officer of a real estate development firm. Haskins purchased a piece of property in a rural area of Arizona with the idea of building resort homes there. The firm has always had board resolutions for purchases of property (as is common practice) but there was no resolution for this property purchase. The other officers in the firm have learned of the value of the property and are concerned that the firm may not own the property. Which of the following statements is true?
 A) The firm can ratify Haskin's actions and take over the contract.
 B) The firm cannot ratify the contract unless Haskins had express authority to buy land.
 C) If the firm ratifies the contract, the effect is that Haskins is released from liability on it.
 D) None of the above


AngeliqueG

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Saguaro National Park in Arizona, part of the Sonoran Desert Saguaro National Park in Arizona, part of the Sonoran Desert
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
"No Oven Needed" Energy Bars Try this recipe as an inexpensive alternative to commercial ... "No Oven Needed" Energy Bars Try this recipe as an inexpensive alternative to commercial ...
Video: DNA close up Animation

For a complete list of videos, visit our video library