The person(s) who is/are liable for payment of a draft, if it is dishonored by the drawee is/are the

Upon signing a promissory note, the maker has

An accountant’s failure to follow generally accepted auditing standards in conducting an audit generally amounts to 

A voluntary association of two or more persons for the carrying on business as co-owners for a profit is known as a

If one party materially breaches the contract by failure to perform or tender of inferior performance, the non-breaching party

With respect to the sale of goods under Article 2 of the UCC, once the seller has tendered delivery of conforming goods, the buyer is obligated to

Jack transfers a piece of real property “to Mark for his life, and then to John.”  What type of ownership interest has Jack created.

Which of the following is true regarding the relationship of shareholders and directors of the corporation?

A contract for the sale of goods that leaves open certain terms (e.g. price) is unenforceable, because it does not satisfy the common law requirement of definiteness of terms.

A contract is a voluntary agreement between parties that is enforceable by a court of law.