1.Which of the following is a correct rule forvalid consideration?A-Consideration must be adequateb-Consideration must pass from thepromiseec-Past consideration is generally validconsiderationd-Executory consideration is generally notvalid consideration2. There must be at least () partners in apartnershipА-oneb-Twoc-Fived-Ten3. The European Court of Justice is madeup of () judges and () advocates-general.а-10,5b-15. 10c-20. 12d-25. 8

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1. Rightof Stoppageintransit canbeexercisedby theUnpaid Seller,whereheâ€” (a) haslosthisrightoflien (b) stillenjoyshisrightoflien (c) either (a)or(b) (d) neither(a)nor (b) 2. RightofStoppageintransit canbeexercisedby theUnpaid Seller,wheretheBuyerâ€” (a) issolvent (b) becomesinsolvent (c) actsfraudulently (d) actssmartly 3. If,afterthearrivalofgoodsattheirdestination,CarrierorotherBaileeacknowledgestoBuyerorhisagentthatheholds goods on hisbehalf,and continues possession of thegoods, thetransitâ€” (a) isatanend (b) isdeemedtocontinue (c) isnotatanend (d) isnotaffectedatall 4. Ifgoodsarerejected by thebuyer and theCarrier or otherBaileecontinues inpossessionofthem,and thesellerhasrefused toreceive them back, thentransitâ€” (a) isatanend (b) isdeemedtobeatanend (c) isnotdeemedtobeatanend (d) isdependentontheCourt’s decision 5. If,afterthearrival…
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