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What is the difference between a pawn and a pledge

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Reference no: EM132468772

Please explain

  1. Name at least three different methods by which you can acquire personal property.
  2. What is the difference between a Pawn and a Pledge?
  3. When does a common carrier of people have a right to stop a vehicle and remove a passenger?
  4. How does a motel limit its liability to its guests for the loss of their valuables?
  5. What are "Future Goods"?
  6. If a contract for the sale of goods is divisible and includes a legal part and an illegal part, can any part of the contract of the contract be enforced?
  7. What is a "Judicial Admission" and does it require a written sales contract?
  8. To satisfy the Statute of Frauds, must a writing made before a sale takes place or can it be made afterward?
  9. Name at least two (2) fungible goods that are of homogenous nature and are sold by weight or measure?
  10. When is a "sale on approval" complete?
  11. What federal agency or commission is responsible for promulgating safety standards for products such as toys, televisions and insecticides?
  12. What federal agency or commission is responsible for regulating truth in advertising and that advertisements contain statements about products that can be substantiated?
  13. What are the two basic types of negotiable instruments?
  14. What is the difference between "order" paper and "bearer" paper?
  15. Does a negotiable instrument have to be in writing to be legal?
  16. Is a check from a bank usually payable on demand or at a definite time?
  17. If a bank refuses to pay a valid check, whom can the holder sue for damages?
  18. What can happen if a "stale" check is presented to a bank to be cashed or deposited?

Reference no: EM132468772

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