No Expensive Lawsuits Are Friendly Exchanges

question 140

Multiple Choice

No expensive lawsuits are friendly exchanges. Therefore, no unfriendly exchanges are inexpensive lawsuits.

• A) Invalid, illicit subalternation.
• B) Valid, no fallacy.
• C) Invalid, illicit conversion.
• D) Invalid, illicit obversion.
• E) Invalid, illicit contraposition.

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Definitions:

Statute Of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties to be enforceable.

Article 2

A section within the Uniform Commercial Code (UCC) that deals with the sale of goods in the United States.

Ucc

The Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.

Oral Contract

A verbal agreement between parties that is legally binding, although difficult to prove in court without witnesses or supporting documentation.