What is the liability on a negotiable instrument of an accommodation party? What will be an ideal ...

What is the liability on a negotiable instrument of an accommodation party?

What will be an ideal response?

Q. 2

True of false: Duties under a contract may be delegated.

Indicate whether the statement is true or false

Q. 3

The legal document that limits the number of units to be built in a condominium project, along with permitted architectural styles and types of landscaping, is the:

a. Declaration
b. Master Deed
c. CC&Rs
d. Master plan

Q. 4

What is the effect on a note of an alteration made by a meddling stranger?

What will be an ideal response?

Q. 5

Thomas works for Dustin Tree Service. At work one day, Thomas is cutting down a large old oak tree. Not being careful with his work, he dislodges a big branch that starts to fall to the ground, right where Wally, the homeowner, is standing. Gerard, a neighbor, sees what is happening and runs to help Wally, pushing him out of the way of the falling branch. Unfortunately Gerard is injured when the base of the branch hits him. Is Thomas liable, in negligence, to Wally?

a. Yes, because Thomas was not careful when cutting down the tree.
b. Yes, because Gerard was injured.
c. No, because Wally was not injured.
d. No, because Thomas did not owe Wally a duty of care.

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What is the liability on a negotiable instrument of an accommodation party? What will be an ideal ...

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