A Study of First-Year Law Students Found That the Students

question 127

Multiple Choice

A study of first-year law students found that the students who had an optimistic outlook:

• A)were least likely to rank in the top 10 percent of their class.
• B)had stronger immune systems than the students with a pessimistic outlook.
• C)were just as likely to develop colds and respiratory infections as pessimistic students.
• D)were most likely to come from a background in which one or more relatives were lawyers, judges, or politicians.

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Definitions:

Oral Promise

An oral promise is a commitment or assurance given verbally rather than in written form, which may or may not be legally enforceable depending on the context.

Negotiable

A characteristic of a financial instrument (like a check or bill of lading) that allows it to be transferred from one party to another as a form of payment or investment.

Contract Formation

The process by which parties agree to terms that are legally binding and enforceable.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, to the bearer or to an identified party.