« previous next »

Author Question: The Uniform Commercial Code was written by: A) lawyers from Louisiana. B) The National Conference ... (Read 72 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?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

A constant uniform magnetic field of 0.50 T is applied at right angles to the plane of a flat ... A constant uniform magnetic field of 0.50 T is applied at right angles to the plane of a flat ...
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
A Platypus swimming in Broken River, Eungella National Park, Queensland, Australia. A Platypus swimming in Broken River, Eungella National Park, Queensland, Australia.
A Platypus swimming in Broken River, Eungella National Park, Queensland, Australia. A Platypus swimming in Broken River, Eungella National Park, Queensland, Australia.
Ecological Restoration in Louisiana Ecological Restoration in Louisiana
Video: ATPase function - membrane transport, contractile proteins and synthesis

For a complete list of videos, visit our video library