Question: Please explain Name at least three different methods by which you can acquire personal property. What is the difference between a Pawn and a Pledge?
Please explain
- Name at least three different methods by which you can acquire personal property.
- What is the difference between a Pawn and a Pledge?
- When does a common carrier of people have a right to stop a vehicle and remove a passenger?
- How does a motel limit its liability to its guests for the loss of their valuables?
- What are "Future Goods"?
- If a contract for the sale of goods is divisible and includes a legal part and an illegal part, can any part of the contract of the contract be enforced?
- What is a "Judicial Admission" and does it require a written sales contract?
- To satisfy the Statute of Frauds, must a writing made before a sale takes place or can it be made afterward?
- Name at least two (2) fungible goods that are of homogenous nature and are sold by weight or measure?
- When is a "sale on approval" complete?
- What federal agency or commission is responsible for promulgating safety standards for products such as toys, televisions and insecticides?
- What federal agency or commission is responsible for regulating truth in advertising and that advertisements contain statements about products that can be substantiated?
- What are the two basic types of negotiable instruments?
- What is the difference between "order" paper and "bearer" paper?
- Does a negotiable instrument have to be in writing to be legal?
- Is a check from a bank usually payable on demand or at a definite time?
- If a bank refuses to pay a valid check, whom can the holder sue for damages?
- What can happen if a "stale" check is presented to a bank to be cashed or deposited?
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