In a Contract in Which a Tenant Borrowed Money from a Bank

question 50

Multiple Choice

In a contract in which a tenant borrowed money from a bank for the purpose of adding a bathroom to her apartment, the landlord is:

• A) a direct beneficiary.
• B) in privity of contract with the tenant.
• C) a third-party beneficiary.
• D) an incidental beneficiary.

Comprehend the legal implications of unauthorized signatures and their ratification.

Recognize the conditions under which alterations to promissory notes affect liability.

Understand the roles and liabilities of agents and principals concerning negotiable instruments.

Learn about real and personal defenses applicable to negotiable instruments.

---

Definitions:

Conus Medullaris

The tapered, lower end of the spinal cord that occurs near the first and second lumbar vertebrae.

Lumbar Vertebrae

Lumbar Vertebrae are the five vertebrae located between the rib cage and the pelvis in the lower back, designed to bear much of the body's weight and stress.

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brain; part of the central nervous system.

Foramen Magnum

A large opening at the base of the skull through which the brain connects to the spinal cord.