A Agrees to Buy a Share in B's Invention for a Certain

question 93

Multiple Choice

A agrees to buy a share in B's invention for a certain sum on the condition that C first approves the invention.However,the written contract makes no reference to C's approval.C never gives his approval.B now sues A for the purchase price.In this situation

• A)whether or not C gives his approval is not relevant to the main contract between A and B.
• B)C's approval is a condition precedent that must be met before there is a contract between A and B
• C)the parol evidence rule applies to exclude the condition of C's approval.
• D)C's approval would be a warrantee used to overcome the parol evidence rule.
• E)A cannot rely on C's approval as a condition to the contract with B,because C is not a party to the contract.

Identify the differences between secured and unsecured loans.

Understand the prioritization and utility of liens in debt repayment.

Acknowledge the legal protections available to debtors, including against excessive judgment debts.

Grasp the necessity of mortgage insurance and the conditions under which it is required.

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Definitions:

Microloans

Small, often short-term loans aimed at supporting small-scale enterprises or individuals who lack access to traditional banking services.

Bangladesh

A country in South Asia, recognized for its rich culture, history, and as a rapidly evolving economy.

Market Characteristics

Features or attributes of a market, including its size, growth rate, competitiveness, and customer demographics.

Competitors

Entities that contest with others for the same objective, such as market share or recognition.