This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The rights of a transferee of a negotiable bill of lading are defeated if the goods have been ... (Read 23 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
on: Jun 24, 2018
The rights of a transferee of a negotiable bill of lading are defeated if the goods have been stopped in transit.
  Indicate whether the statement is true or false

Question 2

Twin Properties, Inc is purchasing a oneacre parcel of industrial land from Zeezrom Development. Zeezrom will be financing part of the purchase and has placed a clause in the contract requiring Twin Properties to provide proof of financial solvency and stability. Two days before closing, Zeezrom discovers that Twin Properties is part of a Chapter 11 Bankruptcy Reorganization Proceeding. Must Zeezrom go through with the sale?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

No. The proof of solvency is a condition precedent to performance. Clearly, Twin does not meet the requirement.


ARLKQ

  • Member
  • Posts: 571
Reply 2 on: Jun 24, 2018
Wow, this really help

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

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.

Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Bill Viola. Room for St. John of the Cross. 1983. Bill Viola. Room for St. John of the Cross. 1983.
Bill Viola, The Reflecting Pool. Bill Viola, The Reflecting Pool.
Bill Viola, The Reflecting Pool. Bill Viola, The Reflecting Pool.
Bill Viola, The Greeting. Bill Viola, The Greeting.
How a Bill becomes law: neat and tidy version How a Bill becomes law: neat and tidy version
Video: Peptide Bond Formation Animation

For a complete list of videos, visit our video library