Question: Pick the correct answer from the choices below to fill in the blank. corporation drawer note tender guarantor trade usage sale judgment lien draft piercing
Pick the correct answer from the choices below to fill in the blank.
corporation drawer note tender
guarantor trade usage sale
judgment lien draft piercing the corporate veil
1. A ____________ occurs when there is a passing of title from the seller to the buyer for a price.
2. ____________ is the regular practice and methods of dealings in a given trade.
3. ____________ is a valid and sufficient offer of performance under a contract.
4. A ________________ is an artificial person or legal entity which is created under state law.
5. _____________________ is when the court holds the shareholders personally liable for a liability of the corporation.
6. The _______________ is a person who issues or creates a document that requests payment.
7. A ____________ is a promise by one party to pay a certain sum of money to another party.
8. A ____________ is a legally binding written order to pay a certain sum of money that involves three parties.
9. A ____________ provides a guarantee of payment to a creditor if the debtor fails to pay.
10. If a creditor is successful in obtaining a judgment against a debtor, then the court awards a __________________ .
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