Laffy Taffy Questions
What do you call an owl in a suit of armor
A knight owl
The transfer of possession but NOT ownership
What is Bailment
A type of business with one owner
What is a Sole proprietorship
A legal right to use someone elses propery for your specific reason without ownership
What is an easement
A type of check where the bank certifies you have that amount in your account
What is a certified check
how do you get an alien baby to sleep
You Rocket
The type of contract where the seller only guarantees until it is in the hands of the shipper
What is a shipment contract
The people in charge of a corporation's day to day operations
Who are the Directors
This type of property ownership gives full freedom to modify the property however you want
What is Fee simple ownership
A type of check you can purchase that used the banks funds
What is a cashiers check
What word is always spelled incorrectly
incorrectly
A paper used to show the transfer of title (ownership)
What is A Bill of Sale
This corporation can only have 35 shareholders
What is a close corporation (closely held)
This type of corporation is based in a different country
What is Alien
This type of warranty is written or verbal
What is an express warranty
Why don't lobsters share
They are shellfish
In order for a contract to be considered "close enough" in the eyes of the UCC Article 2 what MUST be wirtten out
What is the quantity
Determining the Predominant Factor of a contract can be done using what test?
What is the Predominant Factor test
The government uses this right to purchase private property and use it for public project
What is eminent domain
This is a legally binding agreement
What is a contract
how do you mend a broken jack-o-lantern
A pumpkin patch
UCC Article 2 covers this type of contract
What is a tangible goods contract
This type of partner has limited liability but also zero say
What is a limited partner
This person has the authority to sign for a principal
Who is an Agent
This is generally a written piece of paper that can be used in place of money
What is a negotiable instrument