Question: Consequential damages are not allowed if: a. They were not reasonably foreseeable b. Not specified in the contract in advance c. Not as a result

Consequential damages are not allowed if: a. They were not reasonably foreseeable b. Not specified in the contract in advance c. Not as a result of gross negligence d. The plaintiff has great personal wealth Name the purpose(s) of commercial paper (as a negotiable instrument). Allows companies with strong credit ratings to raise funds to pay debts or meet working a. capital needs. b. Helps to promote marketing plans and increase sales revenue. c. Serves as a way to extend credit and a substitution for money. d. Allows issuers to float funds and show greater levels of current assets Name the parties to a note. a. Maker and payee b. Drawer, drawee, and payee c. Holder in due course and bearer d. Holder in due course and indorser (endorser)

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