Reena and Samir Are Both College Graduates and Both Hold

question 91

Short Answer

Reena and Samir are both college graduates and both hold well-paying professional jobs. Reena and Samir belong to the class.

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Definitions:

Voidable Title

A legal status in transactions where the title or ownership of an asset can be declared invalid by one party if certain legal deficiencies are discovered.

Good Faith Purchaser

A person who buys property without knowledge of any existing claims, liens, or encumbrances against it.

F.O.B. Hartford

specifies terms of a shipping agreement where the seller is responsible for transportation costs and risks until the goods reach Hartford, at which point the buyer assumes responsibility.

Destination Contract

A contract specifying that the seller will bear the risk and cost of delivering goods to a specific location agreed upon by the seller and the buyer.