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Liz and Jeff live in California, a state that recognizes community property. Jeff is a machinist who makes $30,000 a year. Liz is the owner of a franchise where her take-home profit is approximately $75,000 a year. Jeff and Liz purchased a house during their marriage wherein Liz paid three-fourths of the purchase price and Jeff paid one-fourth. Which of the following statements is correct with regard to Jeff and Liz?

Sasha, who is mentally disbled, contracts to purchase a piano for $2,500 in 60 monthly installment payments. Six months later she tries to void the contract on grounds of mental impairment. A court will

Which of the following is not a form of bankruptcy?

The corporate form of business

Which of the following statements concerning the “business judgment rule” is FALSE?

The Rich ex rel. Fuqi Intern., Inc. case discussed in your textbook involved:

A bailment is different from a gift because

A trademark lasts for

Which of the following statements are true of international law?

When John Lacey’s car was stolen, he filed a complaint with the police. The police successfully traced the car to a professional auto thief and returned it to John. When John got his car back, he realized the thief had installed a new engine, new tires and put a new stereo and sound system into his car. The value of John’s car is said to have undergone a(n)