The Number of Persons Expected to Be Reached by a Negligent

question 68

True/False

The number of persons expected to be reached by a negligent misrepresentation must be limited.

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Definitions:

UCC

stands for Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Standardized Contract

A pre-determined, template agreement used in numerous transactions without substantial modification.

Negotiable

Capable of being transferred or modified through discussion or bargaining; also refers to financial instruments that can be transferred freely.

Quasi-Contract

The doctrine by which courts imply, as a matter of law, a promise to pay the reasonable value of goods or services when the party receiving such goods or services has knowingly done so under circumstances that make it unfair to retain them without paying for them.