Law Flashcards
1
Q
Firm offer to be effective
A
Must be contained in writing signed by a merchant offeror
2
Q
Suretyship relationship
A
Cosigner on a loan
An accommodation endorser on a note
An ordinary endorser on a negotiable note
3rd party beneficiary contract is not included
3
Q
Security interest attach
A
Secured creditor give value
Debtor has rights in the collateral
Security agreement exit
4
Q
Qualified residence interest
A
Deductible buyer may elect to deduct point or reduce the basis
5
Q
Reduction of SS benefits
A
Early retirement
Returning to work after retirement can affect SS benefits
