Business Law 4

11) Threats of a business nature that cause a person to enter into a contract without real consent would qualify as

• undue influence
• duress
• economic duress
• fraud

10) The government has the right to buy private land for public use, with or without the owner's consent.

• True
• False

9) Equity increases as the owner pays off the mortgage and as the property increases in value.

• True
• False

8) Trade fixtures generally remain the property of the tenant.

• True
• False

7) The primary duty that arises from a marriage contract is the duty of financial support.  

• True
• False

6) The marriage contract comes into existence when the couple becomes engaged.  

• True
• False

5) A stock acquisition requires that the suitor buy all of the target's stock.

• True
• False

4) A person who owns preferred stock has full voting rights.

• True
• False

3) A corporation's directors meet and vote to set broad polices.

• True
• False

2) A qualified indorsement limits the liability of the endorser.

• True
• False