A custodian who holds money for the benefit of a minor under the Uniform Gifts to Minors Act may choose to use the money to send the minor to summer camp.
Author: Anonymous
When a party fails to perform in the manner called for in t…
When a party fails to perform in the manner called for in the contract, a breach occurs.
A bailee’s interest in the bailed property can be character…
A bailee’s interest in the bailed property can be characterized as:
Title to goods can be transferred without the actual delive…
Title to goods can be transferred without the actual delivery of the goods involved.
Which of the following is not a third-party beneficiary cont…
Which of the following is not a third-party beneficiary contract?
When a person picks out a custom necktie and purchases it,…
When a person picks out a custom necktie and purchases it, the transaction involves fungible goods.
In an FOB shipment contract, title to the goods pass to the…
In an FOB shipment contract, title to the goods pass to the buyer when goods are delivered to the carrier.
Ordinarily, contracts for the performance of personal servic…
Ordinarily, contracts for the performance of personal services are specifically ordered.
“Without reserve” auctions give the auctioneer the right t…
“Without reserve” auctions give the auctioneer the right to withdraw the goods from the sale process if the bids are not high enough.
In states that follow the community property tradition, prop…
In states that follow the community property tradition, property acquired after the marriage belongs solely to the party who acquired it.