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978-0077733735 Chapter 1 Lecture Notes
Chapter 01 – Ethics, Social Responsibility, and the Law Chapter 1 Ethics, Social Responsibility, and the Law I. Key Terms Appretiare (p. 25) Morals (p. 5) Cost-benefit thinking (p. 19) Natural law (p. 5) Descriptive theory (p. 12) Neoliberalism (p. […]
978-0077733735 Chapter 1 Solution Manual
Answer Key-BLUCCA/14/e Part 1 Ethics, Law, and the Judicial system Chapter 1 Ethics, Social Responsibility, and the Law Opening Case Questions 1. Whether the quantification of non-monetary experiences is fair to those of us who cannot afford to pay for […]
978-0077733735 Chapter 10 Lecture Notes
Chapter 10 – Capacity and Legality: The Final Elements Chapter 10 Capacity and Legality: The Final Elements I. Key Terms Abandoned (p. 239) Majority (p. 238) Affirmance (p. 242) Minority (p. 238) Blue laws (p. 246) Necessaries (p. 240) Capacity […]
978-0077733735 Chapter 10 Solution Manual
ANSWER KEY Chapter 10 Capacity and Legality: The Final Elements Opening Case Questions 2. A contract made by a minor is voidable by the minor. The law allows minors to disaffirm contacts to protect them from unscrupulous adults who might […]
978-0077733735 Chapter 11 Lecture Notes
Chapter 11 – Written Contracts and Cyber-Commerce Chapter 11 Written Contracts and Cyber-Commerce I. Key Words Acknowledgment (p. 266) Main purpose test (p. 259) Administrator (p. 258) Memorandum (p. 260) Antenuptial agreement (p. 259) Obligee (p. 259) Best evidence rule […]
978-0077733735 Chapter 11 Solution Manual
ANSWER KEY Chapter 11 Written Contracts and Cyber-Commerce Opening Case Questions 2. The contracts that must be in writing to be enforceable include: (a) Contracts that cannot be completed within one year; (b) Contracts transferring real property rights; (c) Contracts […]
978-0077733735 Chapter 12 Lecture Notes
Chapter 12 – Third Parties, Discharge, and Remedies Chapter 12 Third Parties, Discharge, and Remedies I. Key Terms Abandonment of Incidental beneficiary (p. 278) contractual obligations (p. 292) Incidental damages (p. 293) Actual damages (p. 293) Injunction (p. 295) Anticipatory […]
978-0077733735 Chapter 12 Part 2 Case Study 2
ANSWER KEY Part 2 Case Study 2 Sylvia Burwell, Secretary of Health and Human Services, et al. v. Hobby Lobby Stores, Inc., et al. (AKA The Hobby Lobby Case) 1. The chief arguments put forth to support the notion that […]
978-0077733735 Chapter 12 Solution Manual
ANSWER KEY Chapter 12 Third Parties, Discharge, and Remedies Opening Case Questions 2. The party who assigns rights or delegates duties is the assignor. The outside third party to whom the assignment is made is the assignee. The remaining party […]
978-0077733735 Chapter 13 Lecture Notes
Chapter 13 – Sales Contracts: Formation, Title, and Risk of Loss Chapter 13 Sales Contracts: Formation, Title, and Risk of Loss I. Key Words Auction with reserve (p. 321) Goods (p. 310) Auction without reserve (p. 321) Hybrid contract (p. […]
978-0077733735 Chapter 13 Solution Manual
answer key Part 3 Sales and Consumer Protection Chapter 13 Sales Contracts: Formation, Title, and Risk of Loss The Opening Case Questions 1. This is how the text ansewers this question; “To unravel this identity crisis, the court must determine […]
978-0077733735 Chapter 14 Lecture Notes
Chapter 14 Sales Contracts Rights, Duties, Breach, and Warranties Chapter 14 Sales Contracts Rights, Duties, Breach, and Warranties I. Key Words Carrier (p. 338) Merchant (p. 346) Commercial docket (p. 342) Merchantable goods (p. 346) Commercial unit (p. 335) Sales […]
978-0077733735 Chapter 14 Solution Manual
ANSWER KEY Chapter 14 Sales Contracts: Rights, Duties, Breach, and Warranties Opening Case Questions 1. The Seneys simply rented the bed for two weeks. The rental company actually retained title and along with title, all the warranties that went along […]
978-0077733735 Chapter 15 Lecture Notes
Chapter 15 Product Liability and Consumer Protection Chapter 15 Product Liability and Consumer Protection I. Key Words Annual percentage rate (APR) (p. 367) Finance charge (p. 367) Bait-and-switch scheme (p. 361) Interstate commerce (p. 359) Balloon payment (p. 370) Intrastate […]
978-0077733735 Chapter 15 Part 3 Case Study 3
ANSWER KEY Part 3 Case Study 3 Bill Parrot v. Daimler Chrysler Corporation Arizona Supreme Court No. CV-05-0104-PR; Court of Appeals Division One No. 1 CA-CV 04-0121; Maricopa County Superior Court No. CV02-008392 1. It is true that stare decisis […]
978-0077733735 Chapter 15 Solution Manual
ANSWER KEY Chapter 15 Product Liability and Consumer Protection Opening Case Questions 1. The Federal Trade Commission protects consumers in a number of diverse ways: Here is how the text explains it: “The Federal Trade Commission … (has) the authority […]
978-0077733735 Chapter 16 Lecture Notes
Chapter 16 – The Nature of Negotiable Instruments Chapter 16 The Nature of Negotiable Instruments I. Key Terms Acceptance (p. 384) Holder (p. 388) Acceptor (p. 388) Holder in due course (p. 388) Allonge (p. 392) Indorsee (p. 388) Assignment […]
978-0077733735 Chapter 16 Solution Manual
Part 4 NEGOTIABLE iNSTRUMENTS ANSWER KEY Chapter 16 The Nature of Negotiable Instruments Opening Case Questions 1. The lawsuit in this case involves negotiable instruments and is brought under the rules A Question of Ethics Special Directions to the Instructor: […]
978-0077733735 Chapter 17 Lecture Notes
Chapter 17 Holders in Due Course, Defenses, and Liabilities Chapter 17 Holders in Due Course, Defenses, and Liabilities I. Key Terms Failure of consideration (p. 408) Personal defenses (p. 407) Holder (p. 401) Presentment (p. 413) Holder in due course […]
978-0077733735 Chapter 17 Solution Manual
ANSWER KEY Chapter 17 Holders in Due Course, Defenses, and Liabilities Opening Case Questions 2. The textbook states, “The UCC sets the standard for determining if an ordinary holder is really a holder in due course. In order to demonstrate […]
978-0077733735 Chapter 18 Lecture Notes
Chapter 18 – Bank–Depositor Relationships and Cyber-Banking Chapter 18 Bank–Depositor Relationships and Cyber-Banking I. Key Terms ATM card (p. 429) Overdraft (p. 417) Bank (p.417) Payor bank (p. 426) Check 21 Act (p. 428) Presenting bank (p. 426) Collecting bank […]
978-0077733735 Chapter 18 Part Four Case Study
Part Four Case Study Chino Commercial Bank v. Brian D. Peters Questions for Analysis 1. Stare decisis prevails in this case but not until after both the plaintiff and the defendant make a critical error by misidentifying the proper law […]
978-0077733735 Chapter 18 Solution Manual
ANSWER KEY Chapter 18 Bank-Depositor Relationship and Cyber–Banking Opening Case Questions 2. The text tells us, “if an institution collects money from its clients, provides those clients with checking accounts, issues checkbooks to those clients for use with those accounts, […]
978-0077733735 Chapter 19 Lecture Notes
Chapter 19 – Insurance Chapter 19 Insurance I. Key Terms Add-on coverage (p. 452) Medicare (p. 454) Adhesion contracts (p. 456) No-fault insurance (p. 451) Annuity (p. 447) Ocean marine insurance (p.449) Beneficiary (p. 444) Ordinary life insurance (p. 446) […]
978-0077733735 Chapter 19 Solution Manual
Part 5 iNSURANCE, SECURED TRANSACTIONS, AND BANKRUPTCY ANSWER KEY Chapter 19 Insurance The Opening Case Questions 1. The text explains dwelling insurance in the following way: “Dwelling insurance will protect the actual structure (a single family dwelling, an apartment building, […]
978-0077733735 Chapter 2 Lecture Notes
Chapter 02 – Sources of the Law Chapter 2 Sources of the Law I. Key Terms Administrative law (p. 47) Federal Register (p. 48) Articles of Confederation (p. 35) Judicial review (p. 47) Binding precedent (p. 46) Law (p. 31) […]
978-0077733735 Chapter 2 Solution Manual
ANSWER KEY Chapter 2 Sources of the Law Opening Case Questions 1. Both the Establishment Clause and the Free Exercise Clause are inclued in the First Amendment to the Constitution. The difference between the two clauses can be explained by […]
978-0077733735 Chapter 20 Lecture Notes
Chapter 20 – Mortgages, Security Interests, and the 21st Century Financial Crisis Chapter 20 Mortgages, Security Interests, and the 21st Century Financial Crisis I. Key Terms Acceleration (p. 474) Home equity loan (p. 472) Adjustable-rate mortgage Interest-only mortgage (p. 469) […]
978-0077733735 Chapter 20 Solution Manual
ANSWER KEY Chapter 20 Mortgages and Security Interests Opening Case Questions Questions for Review and Discussion 1. A secured loan is one in which creditors have something of value, usually called collateral, from which they can be paid if the […]
978-0077733735 Chapter 21 Lecture Notes
Chapter 21 – Bankruptcy Law: In Theory, in History, and in Practice Chapter 21 Bankruptcy Law: In Theory, in History, and in Practice I. Key Terms Automatic stay (p. 501) Impaired classes (p. 508) Case trustee (p. 500) Liquidation (p. […]
978-0077733735 Chapter 21 Part Five Case Study
Part Five Case Study Superior Savings Association v. City of Cleveland Questions for Analysis 1. The case of Superior Savings Association v. City of Cleveland clearly supports the core legal principle of stare decisis. The judge in this case cites […]
978-0077733735 Chapter 21 Solution Manual
ANSWER KEY Chapter 21 Bankruptcy and Debt Adjustment Opening Case Questions 3. Hanover offers two reasons for the unconstitutionality of the federal bankruptcy law: (1) The law violates the Fifth Amendment prohibition against the taking of property without due process […]
978-0077733735 Chapter 22 Lecture Notes
Chapter 22 – Agency Law Chapter 22 Agency Law I. Key Terms Agency (p. 523) Master (p. 524) Agency coupled with Negligent hiring (p. 529) an interest (p. 543) Negligent retention (p. 529) Agent (p. 523) Negligent supervision (p. 529) […]
978-0077733735 Chapter 22 Solution Manual
Part 6 Agency, EmploymenT, and Labor Law ANSWER KEY Chapter 22 Agency Law Opening Case Questions 1. According to the text: “Agency is a legal relationship in which one party, the agent, transacts business for and under the control of […]
978-0077733735 Chapter 23 Lecture Notes
Chapter 23 – Employment Law Chapter 23 Employment Law I. Key Terms Affirmative action (p. 567) Metadata (p. 572) Business necessity (p. 565) Military caregiver leave (p. 562) Collective bargaining agreement (p. 550) Qualifying exigency leave (p. 562) Constructive discharge […]
978-0077733735 Chapter 23 Solution Manual
ANSWER KEY Chapter 23 Employment Law Opening Case Questions 1. The plaintiff, deputy DA Ceballos, filed a grievance that stated that his superiors, including Garcetti, the District Attorney of Los Angeles County, had retaliated against him for persisting 4. Ceballos […]
978-0077733735 Chapter 24 Lecture Notes
Chapter 24 – Labor Law Chapter 24 Labor Law I. Key Terms Arbitration (p. 590) Labor union (p. 579) Bargaining unit (p. 587) Right-to-work laws (p. 587) Closed shop (p. 586) Secondary boycott (p. 588) Constructive discharge (p. 586) Unfair […]
978-0077733735 Chapter 24 Part Six Case Study
Part Six Case Study Renken v. Gregory Questions for Analysis 1. The case of Renken v. Gregory clearly supports the core legal principle of stare decisis. The 2. There are actually very few differences. The similarities include that, in both […]
978-0077733735 Chapter 24 Solution Manual
ANSWER KEY Chapter 24 Labor-Management Relations Law Opening Case Questions 1. The College Athletes Players Association (CAPA or “the Union”) filed a petition with the 2. The text tells us that the arguments made by NU are: “(1) the football […]
978-0077733735 Chapter 25 Lecture Notes
Chapter 25 – The Business Person: An Introduction Chapter 25 The Business Person: An Introduction I. Key Terms Aggregate theory (p. 605) Limited liability partnership (p. 608) Capital contribution (p. 611) Limited partner (p. 607) Continuity of existence (p. 605) […]
978-0077733735 Chapter 25 Solution Manual
ANSWER KEY Chapter 25 The Business Entity: An Introduction Opening Case Questions 1. Often the legislature will “grandfather” existing entities into a statute. The term 2. Joint liability means that, when the partners are sued, liability will be spread among […]
978-0077733735 Chapter 26 Lecture Notes
Chapter 26 – The Corporate Entity Chapter 26 The Corporate Entity I. Key Terms Alien corporation (p. 565) Joint undertaking (p. 635) Alter ego (p. 641) Joint venture (p. 635) Articles of incorporation (p. 636) Limited liability (p. 627) Articles […]
978-0077733735 Chapter 26 Solution Manual
ANSWER KEY Chapter 26 The Business Entity: The Corporation Opening Case Questions 1. The plaintiff (William Stewart) was forced to amend his complaint twice because he began to suspect that the company that he had been dealing with, Eberts, Inc., […]
978-0077733735 Chapter 27 Lecture Notes
Chapter 27 – Managing the Corporate Entity Chapter 27 Managing the Corporate Entity I. Key Terms Actual authority rule (P. 667) Monarch (p. 662) Audit committee (p. 656) Opt-out rule (p. 656) Business judgment rule (p. 664) Pooling agreement (p. […]
978-0077733735 Chapter 27 Solution Manual
ANSWER KEY Chapter 27 Managing the Corporate Person Opening Case Questions 1. The text explains the plaintiff’s difficulties in the following way: “(T)he plaintiff argued that the board was completely controlled by Fink and, as a result, the directors do […]
978-0077733735 Chapter 28 Lecture Notes
Chapter 28 – Government Regulation of Corporate Entity Chapter 28 Government Regulation of the Corporate Entity I. Key Terms Activist agencies (p. 697) Merger (p. 691) Associative corporativism (p. 678) Monopoly (p. 686) Antitrust Procedures and Penalties Office of Credit […]
978-0077733735 Chapter 28 Part Seven Case Study
Part Seven Case Study Gries Sports Enterprises, Inc. v. Cleveland Browns Football Co., Inc. 1. The plaintiffs-appellants, that is Gries Sports Enterprises, Inc. and Robert Gries, had the burden of proof in this case. 2. According to the court in […]
978-0077733735 Chapter 28 Solution Manual
ANSWER KEY Chapter 28 Government Regulation of Corporate Person The Opening Case Questions 2. The Dodd-Frank Act defines whistleblower as one who “provides” or “acting jointly” with others provides “information relating to a violation of the securities law to the […]
978-0077733735 Chapter 29 Lecture Notes
Chapter 29 – Personal Property and Bailments Chapter 29 Personal Property and Bailments I. Key Words Abandoned property (p. 710) Implied-in-law bailment (p. 714) Bailee (p. 714) Innkeeper (p. 717) Bailment (p. 713) Joint tenants (p. 710) Bailor (p. 714) […]
978-0077733735 Chapter 29 Solution Manual
Part 8 PROPERTY Law ANSWER KEY Chapter 29 Personal Property and Bailments Opening Case Questions 1. In this case the bailor is the student, and the bailee is the university. The definitions of the two 2. The text tells us […]
978-0077733735 Chapter 3 Lecture Notes
Chapter 03 – The Judicial Process and Cyber-Procedure Chapter 3 The Judicial Process and Cyber-Procedure I. Key Terms Abuse of discretion (p. 56) Indictment (p. 74) Affirmative defense (p. 64) Information (p. 74) Answer (p. 64) Injunction (p. 68) Appeal […]
978-0077733735 Chapter 3 Solution Manual
ANSWER KEY Chapter 3 The Judicial Process and Cyberprocedure Opening Case Questions 1. The role of the Court of Appeals for the Federal Circuit is to handle apeals in patent law cases. 3. A summary judgment motion will be granted […]
978-0077733735 Chapter 30 Lecture Notes
Chapter 30 – Real Property and Landlord and Tenant Law Chapter 30 Real Property and Landlord and Tenant Law I. Key Terms Actual eviction (p. 748) Life estate (p. 731) Adverse possession (p. 740) Lodger (p. 743) Bargain-and-sale deed (p. […]
978-0077733735 Chapter 30 Solution Manual
ANSWER KEY Chapter 30 Real Property and Landlord-Tenant Law Opening Case Questions 1. The number of contracts is actually in dispute. Here are the possible contracts. Contract #1 Wellington Resource Group (WRG) and Beck Energy Corporation (BEC) have a contract. […]
978-0077733735 Chapter 31 Lecture Notes
Chapter 31 – Wills, Trusts, and Advanced Directives Chapter 31 Wills, Trusts, and Advanced Directives I. Key Terms Administrator (p. 766) Intestate (p. 756) Administratix (p. 766) Intestate succession (p. 764) Advance directives (p. 767) Issue (p. 765) Bequest (p. […]
978-0077733735 Chapter 31 Part 8 Case Study
Part 8 Case Study Obergefell v. Hodges Questions for Analysis 1. The case of Obergefell v. Hodges clearly supports the core legal principle of stare decisis. Both the majority opinion and the four dissenting opinions cite multiple cases that demonstrate […]
978-0077733735 Chapter 31 Solution Manual
ANSWER KEY CHAPTER 31 Wills, Trusts, and Estates Opening Case Questions 1. In this case, the plaintiffs argued that Section 3 of Defense of Marriage Act was an unconstitutional deprivation of equal protection and due process under the Fifth Amendment […]
978-0077733735 Chapter 32 Lecture Notes
Chapter 32 – Professional Liability Chapter 32 Professional Liability I. Key Terms Accountant (p. 787) National rule (p. 808) Actual privity (p. 794) National standard (p. 808) Adverse opinion (p. 789) Near-privity (p. 795) Attorney-client privilege (p. 802) Negligence (p. […]
978-0077733735 Chapter 32 Solution Manual
Part 9 THe Legal environment ANSWER KEY Chapter 32 Professional Liability Opening Case Questions 3. Communication is a key in this case because knowledge is a key. The element of “near-privity” may be established if FSC communicated directly with Empire […]
978-0077733735 Chapter 33 Lecture Notes
Chapter 33 – Science, Technology, & Law in the 21st Century Chapter 33 Science, Technology, & Law in the 21st Century I. Key Words Business system (p. 847) Police power (p. 825) Clean Air Act (p. 839) Population Commission (PC) […]
978-0077733735 Chapter 33 Solution Manual
ANSWER KEY Chapter 33 Science, Technology, and Law in the 21st Century Opening Case Questions 1. Legal cases involving scientific issues involve complicated, highly specialized information that 5. Article I, Section 8, Clause 9 authorizes Congress to create “Tribunals inferior […]
978-0077733735 Chapter 34 Part 9 Case Study
Part 9 Case Study Legal Consequences of the Construction of a Wall in the Occupied Palestinian Territory (Request for Advisory Opinion) 3. The Statute of the ICJ includes provisions to ensure the impartiality of the judges. One provision is Article […]
978-0077733735 Chapter 34 Solution Manual
ANSWER KEY Chapter 34 International Law and The New World Order Opening Case Questions 2. After the incident in Somalia, U.S. leadership seemed paralyzed whenever faced with foreign policy decisions, leading to inaction when inaction was needed the most as […]
978-0077733735 Chapter 4 Lecture Notes
Chapter 04 – Alternative Dispute Resolution Chapter 4 Alternative Dispute Resolution I. Key Terms ADR contract clause (p. 89) Mediator (p. 84) Alternative dispute resolution Negotiated rule making (ADR) (p. 81) (reg-neg) (p. 92) Arbitration (p. 85) Non-governmental organization Arbitrator […]
978-0077733735 Chapter 4 Solution Manual
ANSWER KEY Chapter 4 Alternative Dispute Resolution Opening Case Questions 1. The American Arbitration Association tells us that mediation is “a non-binding process where a neutral third party works with the parties to reach a mutually agreeable settlement.” The neutral […]
978-0077733735 Chapter 5 Lecture Notes
Chapter 05 – Criminal Law and Cybercrimes Chapter 5 Criminal Law and Cybercrimes I. Key Terms Aggravated arson (p. 113) Homicide (p. 112) Aggravated burglary (p. 113) Intimidation (p. 116) Aggravated murder (p. 112) Involuntary manslaughter (p. 112) Aggravated robbery […]
978-0077733735 Chapter 5 Solution Manual
Answer Key Chapter 5 Criminal Law and Cybercrimes Opening Case Questions 2. Aggravating circumstances are those that are so serious that the death penalty is virtually demanded. Mitigating circumstances are those that alleviate some of the guilt associated with the […]
978-0077733735 Chapter 6 Lecture Notes
Chapter 06 – Tort Law and Cybertorts Chapter 6 Tort Law and Cybertorts I. Key Terms Abuse of process (p. 142) Fraud (p. 139) Actual cause (p. 144) Fraudulent misrepresentation (p. 139) Actual malice (p. 138) Injunction (p. 152) Actual […]
978-0077733735 Chapter 6 Part One End of Part Case
ANSWER KEY Part One End of Part Case Schuette, Attorney General of Michigan v. Coalition to Defend Affirmative Action and Immigration Rights and Fight for Equality By Any Means Necessary (BAMN) United States Supreme Court Questions for Analysis 1. It […]
978-0077733735 Chapter 6 Solution Manual
ANSWER KEY Chapter 6 Tort Law and Cybertorts Opening Case Questions 2. In this negligence case, the plaintiff will have to prove these four elements: the existence duty, breach of duty by failure to follow the proper standard of care, […]
978-0077733735 Chapter 7 Lecture Notes
Chapter 07 – The Essentials of Contract Law Chapter 7 The Essentials of Contract Law I. Key Terms Admiralty court(p. 173) Informal contract (p. 187) Bilateral contact (p. 185) Law merchant (p. 169) Breach of contract (p. 185) Objective concept […]
978-0077733735 Chapter 7 Solution Manual
ANSWER KEY Part 2 Contract Law Chapter 7 The Essentials of Contract Law Opening Case Questions 1. The four elements of a contract are mutual assent, consideration, capacity, and legality. Because 2. Eventually, in this case, the court ruled that […]
978-0077733735 Chapter 8 Lecture Notes
Chapter 08 – Offer, Acceptance, and Mutual Assent Chapter 8 Offer, Acceptance, and Mutual Assent I. Key Terms Acceptance (p. 198) Invitation to trade (p. 197) Active fraud (p. 209) Lease option (p. 203) Auction (p. 197) List price (p. […]
978-0077733735 Chapter 8 Solution Manual
ANSWER KEY Chapter 8 Offer, Acceptance, and Mutual Assent Opening Case Questions 2. Time was not “of the essence in this case. There are several reasons for reaching this conclusion. (a) In the first place, none of the documents, not […]
978-0077733735 Chapter 9 Lecture Notes
Chapter 09 – Consideration and Cyber-Payments Chapter 9 Consideration and Cyber-Payments I. Key Terms Accord (p. 225) Legal detriment (p. 219) Accord and satisfaction (p. 225) Locus sigilli (p. 226) Bargained-for exchange (p. 220) Option (p. 228) Consideration (p. 219) […]
978-0077733735 Chapter 9 Solution Manual
ANSWER KEY Chapter 9 Consideration and Cyber–Payments Opening Case Questions 1. Consideration is the mutual promise to exchange benefits and sacrifices among the parties to a contract. If an agreement has no consideration, it is not a binding contract. Consideration […]
978-0077733735 Lecture Notes
Chapter 34 – International Law and the New World Order Chapter 34 International Law and the New World Order I. Key Terms Associated persons National treatment principle (p. 899) and forces (p. 889) New world order (p. 870) Authorization for […]
BLAW 50731
Tender of payment requires the buyer of goods to offer legal tender only. In a registered limited liability partnership (LLP), each partner is personally liable and may be sued in a separate action or in a joint action. FALSE A […]
BLAW 78423
If a law enforcement officer induces a law-abiding citizen to commit a crime that he or she would not otherwise commit, entrapment may be used as a defense. Robin orders merchandise from Internet Enterprises. If no delivery date is promised, […]
BLAW 95300
Under the UPA, a tenancy in partnership means a deceased partner’s interest in real property held by the partnership passed to the partner’s surviving heirs. When the insurance company gives up one of its rights to help the insured, the […]
BUS LAW 29298
When an assignment occurs, the assignee assumes the contractual obligations previously held by the assignor. An e-check is sometimes called an electronic check transfer. FALSE Some banks have arrangements for payment by e-check (sometimes called electronic check conversion), which is […]
BUS LAW 61973
Expedited credit can be claimed by consumers who have suffered losses related to substitution checks. A product in a defective condition is unreasonably dangerous to the user, consumer, or property. TRUE Anyone who produces or sells a product in defective […]
BUS LAW 63239
Laura promises to pay Stuart “a reasonable amount” for repairing her car. Stuart sends Laura a $500 invoice and Laura sends Stuart a $350 check marked “payment in full”. There is an accord and satisfaction created if Stuart cashes the […]
BUS LAW 68846
Ethical theories are all based on the assumption that people want to live ethical lives. A durable power of attorney preserves the authority of an agent when the principal becomes incapacitated. TRUE Generally, an agency relationship is terminated upon the […]
BUS LAW 73791
The Model Rules of Professional Conduct for attorneys was established by: A. the American Bar Association. B. the National Conference of Commissioners on Uniform State Laws. C. the American Lawyer’s Cooperative System. D. Congress. If Phil finds an iPhone in […]
BUS LAW 95469
The annual percentage rate (APR) is calculated by consumers with tables provided by the Federal Trade Commission. Brink Hospital employs emergency room physicians who are independent contractors. Brink may be liable for their torts under the doctrine of apparent authority. […]
Business Law 11787
Sue contracts to purchase Sanyo’s auto. Only Sue needs to make a tender of performance. In a Chapter 7 bankruptcy filing, the debtor is referred to as a debtor in possession. FALSE A debtor is referred to as a debtor […]
Business Law 29962
In federal diversity cases, corporations are only considered a citizen of the state in which they have their principal place of business. If Alfredo, a small business owner, engages in cost-benefit thinking, he will generally only focus on the benefits […]
Business Law 40046
The primary job of the Chief Technology Officer of the United States is to: A. build an integrated technology policy especially designed to meet the needs of the national government. B. support scientific research, to stimulate the national economy, and […]
Business Law 62797
A compilation of all the statutes of a particular state or the federal government is known as a code. A security agreement can either be oral or in writing. FALSE A security agreement must be in writing, be signed by […]
Business Law 68203
Chapter 7 bankruptcy petitions are filed in state district courts that are within the federal court structure. Ted, one of the consultants in a two-man business, cannot take life insurance on his business partner, Brendan, because he does not have […]
Business Law 73595
A furniture store that puts up its inventory as collateral for a loan will grant the lender a floating lien. Garcia purchases a used shotgun from Andy, who had purchased it from Jane, who purchased it from Maria, who had […]
Business Law 84093
A credit cardholder is liable for all unauthorized charges if he or she does not report the unauthorized charges within twenty days of receiving a statement on which the unauthorized charges appear. Carl is tall and looks like he is […]
Business Law 93437
In an involuntary bankruptcy filing, the petition itself becomes the order for relief and is effective the moment it is filed with the court. Patricia mistakenly believes she could personally hold a lottery to raise money for her favorite charity. […]
LGST 63991
The manager of a manager-run LLC is protected by the business judgment rule, but not the fairness rule. When two or more persons own real property as tenants in common, each person owns an undivided share of the whole property. […]
LGST 64812
Fish not yet caught by a commercial fisher are called future goods. Lending one’s car to a friend would be an example of a mutual benefit bailment. FALSE When personal property is transferred to a bailee with the intent that […]
LGST 66130
The Equal Credit Opportunity Act makes it illegal for businesses to discriminate against credit applicants receiving public assistance income. The Daubert v. Merrell Dow Pharmaceuticals case involved a question of expert testimony and the causation of the plaintiff’s injuries. TRUE […]
LGST 94832
A civilization with a recognized central state is generally less stable and more war-like than one without a recognized central state. A gift is legally considered the same as a sale, since title passes in both a gift and a […]
LGST 97449
United States Generals Groves and LeMay advocated preventative war against the Soviet Union. A business receiving money by electronic transfer is known as the beneficiary. TRUE Under the UCC, a business that orders money to be sent electronically is called […]