BL Final Review T/F

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Gratuitous agency occurs in cases where the agent receives no consideration and there is no contract

All persons, including minors, are liable for their torts

Liability insurance is a type of social insurance that indemnifies against personal injury and property damage claims for which the insured is legally responsible

The decisions of the U.S. Supreme Court that interpret or apply the constitution are final and cannot be overturned

Crimes are offenses against society and torts are offenses against individuals

A major provision in the UCC governing the sale of goods makes agreements or contract clauses that are unconscionable unenforceable

In the bailment relationship, the bailor is the party who accepts possession and control

Unless they arise from a bargained-for exchange, gifts have legal value are not consideration