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A presentment is a demand for the acceptance of a dishonored instrument.()

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Ross makes an offer to Elizabeth to sell his automobile to her for $10,000.In this case, Ross is the offeree and Elizabeth is the offeror.()

A member or a shareholder is the owner of a limited liability company.()

During the sale of a house, if the seller does not inform. the buyer about construction flaws of the house despite the buyer's inquiry, the seller is liable for fraud by concealment.()

Minor breach occurs when a party renders substantial performance of his or her contractual duties.()

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