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1 ) A shipment contract requires or authorizes a seller to ship goods by a carrier. a . True b . False 2 ) Lou,

1) A shipment contract requires or authorizes a seller to ship goods by a carrier.
a. True
b. False 2) Lou, an attorney, allows a statute of limitations to lapse on a claim by Metal Fabrication Company, a client. Lou
a.has violated an ethical standard but cannot be held liable.
b.can be held liable for malpractice.
c.is subject to criminal penalties under the statute of limitations.
d.will be automatically disbarred. 3)Noah transfers an instrument to Olivia in a form and by a means that makes Olivia a holder. This is
a.a negotiation.
b.an assignment.
c.none of the choices.
d.a sale. 4) Riley pays State Bank $500 plus a service fee to draw a check on itself payable to Torque Plumbing. The party that is responsible for paying the check is
a.only Riley.
b.only State Bank.
c.none of the choices.
d.both Riley and State Bank.

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