Biology Forums - Study Force

How does a bailment differ from a pledge?
 
  What will be an ideal response?

Q. 2

An upgrade to office, retail or other commercial space is a:
 
  a. Rental concession
  b. Tenant improvement
  c. Retainage
  d. Rental improvement

Q. 3

The governing body of a corporation or association, including condominiums and homeowners associations, and at a minimum, consists of a president, vice president, secretary and treasurer:
 
  a. Board of directors
  b. Board of regents
  c. Board of officers
  d. Officers and directors

Q. 4

What is a warranty?
 
  What will be an ideal response?

Q. 5

A rule of evidence that protects officers and directors of corporations and associations from liability for decisions made in good faith, but which are ultimately detrimental to the corporation's shareholders or association's members, is the:
 
  a. Best evidence rule
  b. Business judgment rule
  c. Parol evidence rule
  d. Hearsay rule

Q. 6

Define mortgage..
 
  What will be an ideal response?

Q. 7

What is meant by constructive eviction?
 
  What will be an ideal response?

(Answer to #1)  With a pledge the bailee gives money for the right of possession; a pledge is a form of a
bailment.

(Answer to #2)  B

(Answer to #3)  A

(Answer to #4)  Black's definition is: statement of fact concerning the quality or
character of the goods sold.. You may accept other definitions if you wish

(Answer to #5)  B

(Answer to #6)  A security interest on a loan.

(Answer to #7)  When the landlord makes the leased premises too uncomfortable for the tenant to remain in
possession.

:arrow_up: Correct again