Business Law Help for College and University Students

Business Law question

in order to create a bailment, the bailer and bailee need not agree in writing to the existence of the bailment. a. true b. false

The Fair Housing Act applies to which of the following?

The Fair Housing Act applies to which of the following? a. real estate appraisers b. real estate brokers c. real estate owners who advertise their property for sale d. each of the above

Tenancy termination is briefly emphasized.

in most states, landlords must give reasonable advance notice to the tenant before exercising the right to terminate the tenancy. a. True b. False

Business Law question

in most states, an oral lease for a term of more than one year is unenforceable. a. true b. false

Business Law question

the rule against perpetuities does not apply to a: a. testamentary trust b. spendthrift trust c. charitable trust d. totten trust

Business Law question

Which of the following trusts is most likely to require a writing? a. a charitable trust b. a spendthrift trust c. a trust involving the conveyance of real property to the trust d. a constructive trust

Business Law question

which of the following is most likely to breach one of the trustee's fiduciary duties? a. selling trust assets b. investing trust monies in the stock market c. delegating the preparation of the trust's statement of account to an accountant d. buying trust property for his own account

Business Law question

recordation of a mortgage is necessary in order for it to be enforceable between mortgagor and mortgagee. a. true b. false

Business Law question

One difference between strict foreclosure and action and sale is that in a strict foreclosure, the creditor normally cannot get a deficiency judgment against the debtor. a. true b. false

Business Law: conditions of an artisan's lien

Today, most artisan's liens: a. have been repealed by statute b. are handled by Article 7 of the UCC c. require that the artisan have possession of the debtor's property d. apply whether or not the owner consented to the work performed by the artisan