1. The obligation of a cosigner is discharged by:
a.the minority status of one of the parties.
b.the majority status of one of the parties.
c.the court's declaration of the contract's provision of necessaries.
d.the payment of the debt.
2. A provision in a promissory note which provides that interest will not exceed the lawful rate of interest:
a.is voidable as vague and ambiguous.
b.is illegal.
c.is enforceable as the legal rate may be determined at any time.
d.is enforceable as it does not restrain trade.
3. An agreement not to compete is enforceable:
a.in the sale of a business.
b.between competitors.
c.in contracts for the sale of goods.
d.in contracts for the sale of securities.
a.the minority status of one of the parties.
b.the majority status of one of the parties.
c.the court's declaration of the contract's provision of necessaries.
d.the payment of the debt.
2. A provision in a promissory note which provides that interest will not exceed the lawful rate of interest:
a.is voidable as vague and ambiguous.
b.is illegal.
c.is enforceable as the legal rate may be determined at any time.
d.is enforceable as it does not restrain trade.
3. An agreement not to compete is enforceable:
a.in the sale of a business.
b.between competitors.
c.in contracts for the sale of goods.
d.in contracts for the sale of securities.