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978-1285427003 Chapter 1 Lecture Note Part 1
Chapter 1 INTRODUCTION TO LAW Suggested Additional Assignments Research Students should search a newspaper other online news source and find ten articles dealing with legal issues. The articles might refer to contract disputes, negligence suits, international trade agreements, statutory debates […]
978-1285427003 Chapter 1 Lecture Note Part 2
Chapter 1 INTRODUCTION TO LAW You Be the Judge: Soldano v. O’Daniels1 Note: There are two reasons for using this case. First is to introduce students to the “You Be the Judge” feature. There is one such case in almost […]
978-1285427003 Chapter 10 Lecture Note Part 1
Suggested Additional Assignments Bob and Katrina: Let’s Make a Deal The chapter opens with a page of dialogue. Bob, a movie director, and Katrina, an actress, believe they have formed a contract—but what are its terms? Divide students into two […]
978-1285427003 Chapter 10 Lecture Note Part 2
Acceptance The offeree must communicate acceptance for it to be valid. In order to accept, the offeree must do or say something that a reasonable person would understand to mean that the offeree definitely wants to take the offer. Usually, […]
978-1285427003 Chapter 11 Lecture Note Part 1
Suggested Additional Assignments Research: Binding Promise Using the library or the Internet, students should find a current article that raises a dispute about a promise. Typically, someone made a statement that another person or company relied on, but the speaker […]
978-1285427003 Chapter 11 Lecture Note Part 2
You Be the Judge: Citizens Trust Bank v. White1 Facts: Herbert White refinanced his home through Citizens Trust Bank. When he fell behind on his payments (he owed about $43,000) the Bank notified White that it intended to foreclose. The […]
978-1285427003 Chapter 12 Lecture Note Part 2
You Be The Judge: Ransburg v Richards1 Facts: Barbara Richards leased an apartment at Twin Lakes, a complex owned by Lenna Ransburg. The written lease declared that: • Twin Lakes would “gratuitously” maintain the common areas. • Richards’ use of […]
978-1285427003 Chapter 13 Lecture Note Part 1
Suggested Additional Assignments Drafting Exercise: Distinguishing Puery and Misrepresentation Students should write one page of dialogue or prose describing a sales pitch made to a consumer. The seller should tread the fine line between puffery and misrepresentation, and the student […]
978-1285427003 Chapter 13 Lecture Note Part 2
Case: Donovan v. RRL Corporation1 Facts: Brian Donovan, in the market for a used car, spotted a newspaper ad for a local Lexus dealer listing a sapphire blue Jaguar XJ6 Vanden Plas for $25,995. Jaguars of the same year and […]
978-1285427003 Chapter 14 Lecture Note Part 1
Suggested Additional Assignments Get it in Writing, and Then Read It A side benefit of the Statute of Frauds is that the parties end up with a written record of the agreement they made. However, the value of this memorial […]
978-1285427003 Chapter 14 Lecture Note Part 2
Case: Seton, Co. v. Lear Corp.1 Facts: General Motors hired Lear to supply all of the leather seats for its trucks and SUVs. In October, 1998, Lear and Seton agreed that Seton would provide Lear with cut-to-pattern leather, which Lear […]
978-1285427003 Chapter 15 Lecture Note Part 2
Delegation of Duties A delegation transfers the delegator’s duties to the delegatee. The delegator is the party delegating duties. The delegatee is the party to whom the duties are delegated. What Duties are Delegable? Most duties are delegable. An obligor […]
978-1285427003 Chapter 16 Lecture Note Part 2
BREACH When one party fails to perform its obligations, the nonperforming party breaches a contract. The injured party may sue for damages resulting from the breach, and, if the breach is material, may be discharged from the contract. Material Breach […]
978-1285427003 Chapter 17 Lecture Note Part 1
Suggested Additional Assignments Research: Professional Sports and Contract Law Students should find news articles dealing with contract disputes between professional athletes and their teams. What are the facts of the dispute? What legal issues do the disputes raise? What remedies […]
978-1285427003 Chapter 18 Lecture Note Part 1
Suggested Additional Assignments Research: Lawyers and Public Opinion Students should conduct an informal survey of friends and associates to gather ideas on public perception of lawyers. They should categorize the comments and evaluate what types of people have a negative […]
978-1285427003 Chapter 18 Lecture Note Part 2
Additional Case: Hadley v. Baxendale1, p. 407 Facts: The Hadleys operated a flour mill in Gloucester. The mill’s crankshaft broke, causing the mill to grind to a halt. The Hadleys employed Baxendale to cart the damaged part to a foundry […]
978-1285427003 Chapter 19 Lecture Note Part 1
Suggested Additional Assignments Good Faith Students should write a short description of realistic commercial behavior that skirts the border between lawful, aggressive business dealing, and bad faith. Students should know in their own mind whether or not the behavior is […]
978-1285427003 Chapter 19 Lecture Note Part 2
Case: Mathis v. Exxon Corporation1 Facts: Exxon marketed gasoline to retailers in three ways. Franchisees (who owned local gas stations) were required to purchase a minimum number of gallons per month at the dealer tank wagon price (DTW) set by […]
978-1285427003 Chapter 2 Lecture Note Part 1
Chapter 2 ETHICS AND CORPORATE SOCIAL RESPONSIBILITY Suggested Additional Assignments Research Ask students to bring to class a newspaper, magazine, or internet article that raises ethical issues regarding a US company doing business overseas. They should be prepared to identify […]
978-1285427003 Chapter 2 Lecture Note Part 2
Chapter 2 ETHICS AND CORPORATE SOCIAL RESPONSIBILITY An Organization’s Responsibility to Its Customers Customers are another group of essential stakeholders. A corporation must gain and retain loyal buyers if it is to stay in business for long. Treating customers well […]
978-1285427003 Chapter 20 Lecture Note Part 1
Suggested Additional Assignments Drafting Exercise: Consignment Students are the authors of a syndicated newspaper advice column. They must answer the following letter, which is based on many such instances: Dear Legal Advisor: I collect rare cars. I needed to raise […]
978-1285427003 Chapter 20 Lecture Note Part 2
Creditor’s Rights Article 9 of the Uniform Commercial Code controls the rights of secured parties. We look closely at it in Chapter 23. Briefly stated, UCC §9-320 generally permits a buyer in the ordinary course of business to take goods […]
978-1285427003 Chapter 20 Lecture Note Part 3
Disclaimers and Defenses Sellers often include disclaimers and remedy limitations in the sales contract. A disclaimer is a statement that a particular warranty does not apply. The Code permits the seller to disclaim most warranties. Question: What is the difference […]
978-1285427003 Chapter 21 Lecture Note Part 1
Suggested Additional Assignments Drafting and Role Play: Contract Warranties and Remedies The students will negotiate and draft a computer contract. Half of the students will represent Profit & Densom, a firm of ten accountants. The others will represent Ibex, a […]
978-1285427003 Chapter 21 Lecture Note Part 2
Case: Hessler v Crystal Lake Chrysler-Plymouth, Inc.1 Facts: The facts are provided in the chapter opening. The trial court awarded Hessler $29,853, representing the difference between his contract with Crystal Lake and the sum he ultimately spent purchasing a new […]
978-1285427003 Chapter 22 Lecture Note Part 1
Suggested Additional Assignments Writing Exercise Ask students to write their own mystery story modeled on the vignette that opens the chapter. This exercise will help them consolidate their grasp of the material in the chapter. In class, ask them to […]
978-1285427003 Chapter 22 Lecture Note Part 2
Defenses against a Holder in Due Course Fundamental Rule Part (4): The issuer cannot claim any of a limited number of “real” defenses Real Defenses: valid against both a holder and a holder in due course Personal Defenses: valid only […]
978-1285427003 Chapter 22 Lecture Note Part 3
Additional Case: Wachovia Bank v. Foster Bancshares1 Facts: MediaEdge wrote a check for $133,026 on its account at Wachovia, payable to CMP Media. Before CMP received the check, someone changed the name of the payee to Sunjin Choi Choi, and […]
978-1285427003 Chapter 23 Lecture Note Part 2
You Be The Judge: Conseco Finance Servicing Corp. v Lee1 Facts: Lila Williams purchased a new Roadtrek 200 motor home from New World R.V. Inc. She paid about $14,000 down and financed $63,000, giving a security interest to New World. […]
978-1285427003 Chapter 24 Lecture Note Part 1
Suggested Additional Assignments Research: Exempt Property Under the Code, individual debtors are permitted to keep certain exempt property. However, the Code allows state law to establish the amount and type of this exempt property. Ask students to determine your state’s […]
978-1285427003 Chapter 24 Lecture Note Part 2
Chapter 11 Reorganization For a business, the goal of a Chapter 7 bankruptcy is euthanasia—putting it out of its misery by shutting it down and distributing its assets to creditors. Chapter 11 has a much more complicated and ambitious goal—resuscitating […]
978-1285427003 Chapter 25 Lecture Note Part 1
Suggested Additional Assignments Personal Experiences: Agency Ask students to prepare a list of five instances in which they have acted as an agent for someone else, or someone else has acted as an agent for them. Sports Agents For many […]
978-1285427003 Chapter 25 Lecture Note Part 2
Additional Case: Dickinson v. Charter Oaks1 Facts: Marlee and Richard Snowdon bought a house next door to Hal and Carol Dickinson. Carol had owned the house for 30 years; Hal had moved in 10 to 15 years later when he […]
978-1285427003 Chapter 26 Lecture Note Part 1
Suggested Additional Assignments Research: Airline Unions Students should find as much information as possible about an airline that recently filed for bankruptcy, or is on the verge of filing for bankruptcy. What role do unions play in the financial position […]
978-1285427003 Chapter 26 Lecture Note Part 2
Additional Case: Progressive Electric, Inc. v. National Labor Relations Board1 Facts: Progressive Electric was a non-union electrical contractor. The International Brotherhood of Electrical Workers (IBEW) targeted the company for organizing. Progressive advertised in the local paper that it was accepting […]
978-1285427003 Chapter 27 Lecture Note Part 1
Suggested Additional Assignments Research: Sexual Harassment Policies Ask students who are employed to find their company’s sexual harassment policy. What type of behavior does it prohibit? What are the procedures for complaining about harassment? Do they think it is comprehensive? […]
978-1285427003 Chapter 27 Lecture Note Part 2
Discrimination on the Basis of Disability The Rehabilitation Act of 1973 The Rehabilitation Act of 1973 prohibits discrimination on the basis of disability by the executive branch of the federal government, federal contractors, and entities that receive federal funds. Americans […]
978-1285427003 Chapter 28 Lecture Note Part 1
Suggested Additional Assignments Interview: Entrepreneur Student could interview an entrepreneur to ask why he or she chose a particular form of business. Did the entrepreneurs understand the legal issues involved? Did they simply rely on lawyers in making their selections? […]
978-1285427003 Chapter 28 Lecture Note Part 2
General Partnerships Few people now affirmatively elect to form a partnership because so many other options are available. Even professionals such as lawyers and accountants now have other choices. As we will see in the next chapter, many partnerships are […]
978-1285427003 Chapter 29 Lecture Note Part 2
Additional Case: Northeast Harbor Golf Club, Inc. v. Harris1 Facts: Nancy Harris was the President of the Northeast Harbor Golf Club in Maine for nearly 20 years. The club’s only major asset was a golf course in Mount Desert. Harris […]
978-1285427003 Chapter 29 Lecture Note Part 3
You Be the Judge: eBay Domestic Holdings, Inc. v. Newmark1 Facts: Defendant, craigslist, Inc. owned the most popular website in the country for classified ads. It had just two shareholders – Craig Newmark and Jim Buckmaster — and only 34 […]
978-1285427003 Chapter 3 Lecture Note Part 1
Trial Adversary System Our system of justice assumes that the best way to bring out the truth is for both sides to “go at” the various witnesses, enabling a neutral factfinder (judge or jury) to detect the truth. Each side […]
978-1285427003 Chapter 3 Lecture Note Part 2
Chapter Overview Chapter Theme The process of litigation may influence the outcome of a dispute as strongly as the substantive law. That is all the more reason to use preventive law, and stay out of court. This chapter examines the […]
978-1285427003 Chapter 30 Lecture Note Part 1
Suggested Additional Assignments Research: IPOs Ask students to obtain a preliminary or final prospectus from a company that has recently been through an initial public offering (IPO). To obtain this document, they can call a company directly, a brokerage firm, […]
978-1285427003 Chapter 30 Lecture Note Part 2
Additional Case: SEC v. Zandford1 Facts: William Wood was an elderly man in poor health whose daughter was mentally disabled. He placed $419,255 in a brokerage account, instructing his broker, Charles Zandford, that his principal goal was the “safety of […]
978-1285427003 Chapter 30 Lecture Note Part 3
Landmark Case: United States v. Trenton Potteries Company1 Facts: This case involved dirty behavior in the bathroom fixture business. The federal government al – leged 23 of the corporations that manufactured these fixtures had agreed on the prices they would […]
978-1285427003 Chapter 31 Lecture Note Part 1
Suggested Additional Assignments Research: Unfair or Deceptive Advertising Ask students to bring to class an ad that they think is deceptive or unfair. They could either clip an ad from a newspaper or magazine, or record one from television. Research: […]
978-1285427003 Chapter 31 Lecture Note Part 2
Debt Collection You Be the Judge: Brown v. Card Service Center1 Facts: Card Service Center (CSC) sent Elizabeth Brown a collection letter demanding payment for a delinquent credit card balance of $1,874. The letter said: “You are requested to contact […]
978-1285427003 Chapter 32 Lecture Note Part 1
Suggested Additional Assignments Field Work: Cookies and Internet Functionality Have students block their web browsers from accepting cookies and record how it changes their online experience. Research: Online Safety Ask students what steps they take to protect both their privacy […]
978-1285427003 Chapter 32 Lecture Note Part 2
Additional Case: You Be The Judge: United States of America v. Cyberheat, Inc.1 Facts: Cyberheat, Inc., ran sexually explicit websites for consenting adults. It hired other companies, called affiliates, to drive potential subscribers to its sites. The affiliates were paid […]
978-1285427003 Chapter 33 Lecture Note Part 1
Suggested Additional Assignments Research: Patents Ask students to search the Patent and Trademark Office (PTO) database to locate two patented inventions, one worthwhile and one frivolous. Students should prepare a brief description of each item and explain why it is […]
978-1285427003 Chapter 33 Lecture Note Part 2
Trademarks A trademark is any combination of words and symbols that a business uses to identify its products or services and distinguish them from others. Types of Marks There are four types of legally-protected marks: Trademarks are affixed to goods […]
978-1285427003 Chapter 34 Lecture Note Part 2
Landlord’s Duties Duty to Deliver Possession The landlord’s first important duty is to deliver possession of the premises at the beginning of the tenancy. Quiet Enjoyment All tenants are entitled to quiet enjoyment of the premises, meaning the right to […]
978-1285427003 Chapter 34 Lecture Note Part 3
Additional Case: Mitchell v. Bank of America National Association1 Facts: Donna and Timothy Mitchell rented a safe deposit box from a Dallas branch of the Bank of America. The lease agreement stated that the bank “had no possession or custody […]
978-1285427003 Chapter 4 Lecture Note Part 1
Suggested Additional Assignments Evolution of the Common Law Ask students to summarize the common law principles of the bystander cases in the text and then create their own bystander examples. First, students should write a two- or three-sentence summary of […]
978-1285427003 Chapter 4 Lecture Note Part 2
Additional Case: Leonard R. Friedman v. Board of Registration in Medicine1 Facts: The patient first saw Friedman, a board-certified forensic psychiatrist, at his office in 1980. She continued to visit him at least monthly until the summer of 1982. During […]
978-1285427003 Chapter 5 Lecture Note Part 1
Suggested Additional Assignments Interview: Civil Rights Students should interview three people to determine their views about two issues: flag burning and boy-girl wrestling. One person should be over 50 years old, one person should have been born and raised in […]
978-1285427003 Chapter 5 Lecture Note Part 2
Case: Salib v. City of Mesa1 Facts: Edward Salib owned a Winchell’s Donut House in Mesa, Arizona. Salib displayed large signs in his store window. The city ordered Salib to remove the signs as they violated the Sign Code, which […]
978-1285427003 Chapter 6 Lecture Note Part 1
Suggested Additional Assignments Research: Criticism by the Press Ask students to find a newspaper article, editorial, or column that harshly criticizes someone. Has the author or publisher made efforts to avoid a claim of libel? How? Research: Online Defamation Ask […]
978-1285427003 Chapter 6 Lecture Note Part 2
Breach of Duty If a legal duty of care exists, then a plaintiff must show that the defendant did not meet it. Normally, the plaintiff proves this by showing that the defendant did not act as a reasonable person would […]
978-1285427003 Chapter 7 Lecture Note Part 1
Suggested Additional Assignments Research: Corporate Crime Students should find a newspaper or magazine article involving crime committed by a business or corporate executive. What are the economic costs of the (alleged) crime? What penalties can the State impose for the […]
978-1285427003 Chapter 7 Lecture Note Part 2
Crimes That Harm Business Businesses must deal with four major crimes: larceny, fraud, arson and embezzlement. Larceny is the trespassory taking of personal property with the intent to steal. Fraud refers to a variety of crimes, all of which involve […]
978-1285427003 Chapter 8 Lecture Note Part 1
Suggested Additional Assignments Interview: An Importer Students should locate a local businessperson who imports goods or sells imported goods. Why does she choose to deal in imported goods? What advantages do the goods give her over domestic goods? What problems […]
978-1285427003 Chapter 8 Lecture Note Part 2
International Sales Agreements What Law Governs? Students should note the differences in their treatment of contracts for the sale of goods between the Uniform Commercial Code (UCC) and the United Nations Convention on Contracts for International Sale of Goods (CISG). […]
978-1285427003 Chapter 9 Lecture Note Part 1
Suggested Additional Assignments Research: The Contracts Around Us Students should locate and read one or more of the contracts they have entered into in the past year—an apartment lease, a university-housing residency agreement, a mobile phone service agreement, terms of […]
978-1285427003 Chapter 9 Lecture Note Part 2
Additional Case: Novak v. Credit Bureau Collection Service 1 Facts: David Novak suffered a brain aneurysm and was unconscious. An ambulance took him to Saint Regional Medical Center, where doctors successfully operated. Novak remained in the hospital for two months […]
BLAW 17671
Alice signs a contract with Bob to buy Bob’s house for $150,000, with the clause, “if I am able to obtain a mortgage loan for $125,000, at no more than 7% interest, payable over 15 years.” Assume that Alice tries […]
BLAW 18893
Ruppart Manufacturing has a contract for the sale of 100 cases of teaching supplies to Teachers Co-op, Inc. Payment of the order is to be made in installments over the next year. Ruppart Manufacturing keeps a security interest in the […]
BLAW 20888
Mercury Motors inadvertently mixes up a work order on Peter’s car. Peter brought the car in to have the tires rotated. Mercury tuned up the motor by mistake, conferring a benefit on Peter. If Mercury Motors insists that Peter pay […]
BLAW 21554
Parol evidence refers to anything (other than the written contract itself) that was said, done, or written before or as the parties signed the contract. a. True b. False Cameron, editor of the local newspaper, assigned to Jim the writing […]
BLAW 30966
Burns Medicine Shop developed a website where customers could ask the pharmacists questions and could refill prescriptions online. What statute requires Burns to have and disclose a privacy policy to anyone using the website? a. The FTC Act. b. The […]
BLAW 31233
Ramona has received a discharge in bankruptcy, but wants to reaffirm a debt to her sister. To be valid, the reaffirmation: a. will be scrutinized by the court to make sure her sister has not unfairly pressured Ramona. b. will […]
BLAW 49494
An appeals court can rule that a trial court’s ultimate ruling was correct even if the trial court made some minor errors during the trial. a. True b. False Larry purchased a Leisure Lawnmower because the company salesperson intentionally misled […]
BLAW 54428
Buddy was hired to play drums for a rock group scheduled to tour the Midwest. Part way through the tour, Buddy was tragically killed in a plane crash. The tour had to be discontinued until a new drummer could be […]
BLAW 59434
The “takings clause” prevents the government from taking private property for any reason. a. True b. False Henry David Thoreau felt that war was unjust and therefore refused to pay his taxes when the United States declared war on Mexico. […]
BLAW 61687
The largest source of new law is court decisions. a. True b. False Tom receives an e-mail from someone alleging to be a Nigerian government official who has stolen money from the government. He needs some place safe to keep […]
BLAW 62415
Obscene speech is protected by the First Amendment. a. True b. False Robert, a minor, buys a stereo from Jane for $200. State law allows a minor to disaffirm contracts within a reasonable time after turning 18. Robert disaffirms the […]
BLAW 65605
Tony raped Jane in the parking lot of Joe’s Brew Pub. The District Attorney’s office prosecuted Tony on rape charges. Subsequently, Jane filed a lawsuit against Tony for money damages. Classify each legal action. a. The District Attorney’s case was […]
BLAW 67103
A rule that is not automatically discriminatory, but which may be discriminatory in practice because it excludes too many people in a protected group is considered a. disparate treatment. b. prima facie discrimination. c. unbalanced treatment. d. disparate impact. Southern […]
BLAW 74298
Rayco Ski Shop purchased 500 pairs of skis from Skitron. Rayco is located in Colorado. Skitron’s business is in Tennessee. The purchase order included the following term: “F.O.B. Colorado.” The contract makes no mention of risk of loss or title. […]
BLAW 78087
Shelly offers to sell Jane goods both parties know are stolen. Jane accepts the offer, and agrees to pay for the goods. Later, Jane refuses to accept or pay for the goods. If Shelly sues Jane for breach of contract, […]
BLAW 93416
Drawers and indorsers are secondarily liable on negotiable instruments. a. True b. False Walter enters a dentist office and points to a damaged tooth. The dentist, Matt, treats the tooth. If Walter refused to pay and Matt sued: a. Walter […]
BUS LAW 12002
Under the UCC, the seller’s right to correct a shipment of non-conforming goods is called: a. correction. b. cure. c. cover. d. retender. Tess, a tenant, moves from her apartment in breach of the lease agreement. The landlord, Lenny, may […]
BUS LAW 38156
Bagsby owns a business selling insects for organic gardening. Bagsby is seeking a loan from First Natural Bank. The loan officer is asking that the loan be secured by Bagsby’s inventory of insects, now owned or hereafter acquired. In order […]
BUS LAW 39418
Which statute prohibits discrimination on the basis of disability by the federal government, federal contractors, and all entities that receive federal funds? a. The Civil Rights Act of 1866 b. The Equal Pay Act of 1963 c. The Rehabilitation Act […]
BUS LAW 66528
Gateway sold a big-screen TV and entertainment center to Iris for $2000 on credit. Iris signed a promissory note and gave Gateway a security interest in the TV and entertainment center. Gateway filed a financing statement in the appropriate public […]
BUS LAW 74975
Bill is injured while standing on the corner of Hollyhock and Vine when Mia’s new Hog speeds out of control because of a defective part. In most jurisdictions, Bill: a. can sue the motorcycle manufacturer even though he does not […]
BUS LAW 77433
In January, Alex promised to pay Y-K Inc. $5,000 if it would refrain from filing suit against him on a breach of contract action. Y-K agreed and accepted a $5,000 check from Alex. Which of the following statements is correct? […]
BUS LAW 86564
Imogene takes her diamond solitaire ring to Sparkle Jewelry Shop to have the prongs holding the diamond retipped and have the ring cleaned. The clerk at Sparkle says she will have to leave the ring and that it should be […]
Business Law 10744
A summons is a paper ordering a defendant to appear in court at a certain time. a. True b. False The term “corporate manager” refers to: a. directors. b. corporate officers. c. Both of the above. d. None of the […]
Business Law 10888
The power of federal agencies is limited by: a. statutory control in the enabling legislation and the Administrative Procedures Act. b. political control by Congress and the President. c. judicial review. d. All of these. Which of the following is […]
Business Law 14875
In a strict liability case, the courts still consider if the defendant acted in a reasonable and prudent manner. a. True b. False An agent must obey all instructions of the principal. a. True b. False Answer: False Larry has […]
Business Law 19059
A trademark lasts for: a. 20 years after the application is filed. b. 70 years after the death of the creator. c. 10 years, but it can be renewed for an unlimited number of terms as long as it is […]
Business Law 23749
Mayco has received goods from Wallace pursuant to a sale or return agreement. If Mayco subsequently declares bankruptcy, the goods will be: a. returned to Wallace because title did not pass to Mayco under this type of sale. b. belong […]
Business Law 28493
Christy and Sylvester trade movies by downloading each others movie files. If the copyrighted material has a retail value greater than $1,000, Christy and Sylvester are subject to criminal penalties under the No Electronic Theft Act, even if they had […]
Business Law 50517
The most accurate statement regarding appellate courts is: a. appellate courts often hear new evidence and testimony. b. appellate courts generally accept the factual findings of the trial court. c. only the federal court system has appellate courts. d. appellate […]
Business Law 57782
An S Corporation cannot have more than ____ shareholders. a. 100 b. 75 c. 50 d. 25 Wholesome Bread, Inc. advertised that its honey wheat bread had 25% fewer calories than a competing brand, Valley Grains. In fact Wholesome’s bread […]
Business Law 60331
Under the federal Bankruptcy Code, the exemption amount for the debtor’s personal residence is: a. $21,625. b. $37,100. c. $50,725 d. $80,300. Ryan, a minor, contracted to sell his auto to Ed, a 28-year-old. Ryan later refused to complete the […]
Business Law 65404
Judith is a CPA with an excellent reputation and client base. She sells her tax preparation business to Shawn, and the sales contract includes a noncompete clause restricting Judith from opening a similar business for two years within a 10-mile […]
Business Law 79384
Mark, a power tool salesman, promises Jill, a customer, that the Turbo Power Hedge Trimmer 1000 will easily cut through bamboo up to 3 inches thick. Mark’s statement constitutes an express warranty if Jill purchases the hedge trimmer. a. True […]
Business Law 90621
Roxanne was injured when she fell in a hole while walking across her landlord’s parking lot. She and her lawyer hope they can settle the claim. Which of the following statements about settlements is correct? a. A case can be […]
Business Law 97149
All states allow the remedy of rescinding a contract for the sale of goods while still allowing the remedy of suing for damages. a. True b. False After Ashley was denied credit for a new car, she checked her credit […]
Business Law Chapter 1 In 1994, the Arizona Supreme Court decided the case of Hernandez
Name: Class: Date: Ch 01 Introduction to Law 1. Congress passed a law imposing penalties for displaying “indecent” material online where children could see it. If the U.S. Supreme Court subsequently rules that the statute conflicts with the First Amendment […]
Business Law Chapter 10 Generally The Auctioneer Must Sell The Highest
Name: Class: Date: Ch 10 Agreement 1. When Olga asks Sven if he wishes to sell his Harley motorcycle, he replies that he would not sell it “for less than $2,000.” Olga replies, “I accept,” and hands him $2,000. A […]
Business Law Chapter 11 Kathy And Promised Her 10000 She Postponed
Name: Class: Date: Ch 11 Consideration 1. Courts enforce all promises in the interests of simple morality. a. True b. False ANSWER: False 2. Consideration can be a promise or an act. a. True b. False ANSWER: True 3. Agreeing […]
Business Law Chapter 12 Xenon loads Extensive Amounts Information The System But
Name: Class: Date: Ch 12 Legality 1. An agreement may violate public policy even if the agreement does not require a party to commit a crime, tort, or violate a statute. a. True b. False ANSWER: True 2. If a […]
Business Law Chapter 13 Which The Following Statements Made Seller Who
Name: Class: Date: Ch 13 Capacity and Consent 1. Spencer, age 18 and of sound mind, has the legal capacity to contract. a. True b. False ANSWER: True 2. Travis had too many beers at the baseball game. Ed realized […]
Business Law Chapter 14 Petes For The Three Machines Ethels Exercise
Name: Class: Date: Ch 14 Written Contracts 1. Hannah orally agrees to sell her house to Brett for $175,000. If she delivers the deed to Brett with the expectation of payment in two weeks and he fails to pay, most […]
Business Law Chapter 15 Name class date Third Parties Assignment Effective But Not
Name: Class: Date: Ch 15 Third Parties 1. An assignment is effective but not necessarily enforceable from the moment it is made, regardless of whether the assignor notifies the obligor. a. True b. False ANSWER: True 2. A party may […]
Business Law Chapter 16 Seattle Watch The New Years Eve Festivities
Name: Class: Date: Ch 16 Performance and Discharge 1. Alice signs a contract with Bob to buy Bob’s house for $150,000, with the clause, “if I am able to obtain a mortgage loan for $125,000, at no more than 7% […]
Business Law Chapter 17 The Amount Liquidated Damages Must Reasonable Estimation
Name: Class: Date: Ch 17 Remedies 1. Injunctions are frequently used by courts to force employees to complete their contractual obligations with their employers. a. True b. False ANSWER: False 2. Expectation interest can best be described as money spent […]
Business Law Chapter 18 Jets Private Jet But This Was Not
Name: Class: Date: Ch 18 Practical Contracts 1. If you have an established relationship with a buyer, you can sell small tracts of land without a written contract. a. True b. False ANSWER: False 2. In business law, a lawyer’s […]
Business Law Chapter 19 Bettys Bbq Orally Contracts With Dennys Design
Name: Class: Date: Ch 19 Introduction to Sales 1. The UCC has abolished the common law requirement of consideration in all contracts involving the sale of goods. a. True b. False ANSWER: False 2. The UCC does not apply to […]
Business Law Chapter 2 Legally They Are Not Independent Contractors Since
Name: Class: Date: Ch 02 Business Ethics and Social Responsibility 1. Ethics is the study of how people should act. a. True b. False ANSWER: True 2. Life Principles are set by your parents and do not change over time. […]
Business Law Chapter 20 neither Ruppart nor Teachers has an insurable interest
Name: Class: Date: Ch 20 Ownership, Risk, and Warranties 1. Only one party can have an interest in particular goods at a particular time. a. True b. False ANSWER: False 2. Roger purchased a tennis racquet from Rafael. Roger can […]
Business Law Chapter 21 Which The Following Statements Not True Regarding
Name: Class: Date: Ch 21 Performance and Remedies 1. A buyer has an absolute right to reject goods as long as the rejection is timely. a. True b. False ANSWER: False 2. Tender means to physically deliver the goods to […]
Business Law Chapter 22 Francenie is the drawee, Corner Bank is the drawer,
Name: Class: Date: Ch 22 Negotiable Instruments 1. Commercial paper is a contract to pay money. a. True b. False ANSWER: True 2. A possessor of non-negotiable paper has the same rights as the person who made the original contract. […]
Business Law Chapter 23 Since The Machine Equipment Wedney Cannot Retain
Name: Class: Date: Ch 23 Secured Transactions 1. Pharm-Ace holds a patent on a drug. Pharm-Ace used the patent (evidenced by the patent certificate) to secure a $1 million loan from First Bank. The patent is chattel paper. a. True […]
Business Law Chapter 24 Which of the following is a primary goal of bankruptcy
Name: Class: Date: Ch 24 Bankruptcy 1. Under all chapters of the Bankruptcy Code, most of the debtor’s assets are distributed to creditors and the debtor has no obligation to share future earnings with creditors. a. True b. False ANSWER: […]
Business Law Chapter 25 Since Jim Gratuitous Agent Strictly Liable For
Name: Class: Date: Ch 25 Agency 1. Larry decided to relocate to Germany. Larry hired Happy Homes, Inc. to find a buyer and contract for the sale of his house in the U.S. The agency relationship between Larry and Happy […]
Business Law Chapter 26 Kelly Upset With Her Supervisor And Believes
Name: Class: Date: Ch 26 Employment and Labor Law 1. During the hiring interview, Supervisor Staci told Henry that as long as he did his job as requested, he would have a job until he retired. Courts have been willing […]
Business Law Chapter 27 1 Which The Following Not Advantage Plaintiffs Alleging
Name: Class: Date: Ch 27 Employment Discrimination 1. Under the Equal Pay Act of 1963 an employee may not be paid at a lesser rate than employees of the opposite sex for tasks requiring equal skill, effort, and responsibility under […]
Business Law Chapter 28 This Corporation Which Is taxed Corporation Probably Corporation
Name: Class: Date: Ch 28 Starting a Business 1. Corporations have perpetual existence. a. True b. False ANSWER: True 2. The most common form of business ownership is the corporation. a. True b. False ANSWER: False 3. To be a […]
Business Law Chapter 29 Sec The Company Privately Held All The
Name: Class: Date: Ch 29 Corporations 1. Zach decided to incorporate his business under the name of “Zamm.” In addition to “Zamm,” the Model Act requires that Zach include one of the following words: “corporation,” “incorporated,” “limited,” or “company” or […]
Business Law Chapter 3 he may file the lawsuit in a federal district court in
Name: Class: Date: Ch 03 Dispute Resolution 1. If Lorenzo is seeking an injunction against Brenda to prevent her from selling materials that infringe his copyright, he is entitled to a jury trial if the value of the materials is […]
Business Law Chapter 30 None The Above answer A32 Such Agreement Isa
Name: Class: Date: Ch 30 Government Regulations: Securities and Antitrust 1. The Sherman Act was designed to prevent extreme concentrations of economic power. a. True b. False ANSWER: True 2. Both per se and rule of reason violations of the […]
Business Law Chapter 31 George Money And They Sign Written Agreement
Name: Class: Date: Ch 31 Consumer Protection 1. The Consumer Trade Commission focuses mainly on protection of consumers in the area of antitrust law. a. True b. False ANSWER: False 2. The FTC can impose a fine for each violation […]
Business Law Chapter 32 Which The Following Protects Email Messages From
Name: Class: Date: Ch 32 Cyberlaw 1. The Internet was started in the 1960s as a project to link military contractors and universities. The World Wide Web was created in 1991 as a subnetwork of the Internet. a. True b. […]
Business Law Chapter 33 Jason And Stacey The Movie Theater
Name: Class: Date: Ch 33 Intellectual Property 1. A patent is available for an idea as well as a tangible application. a. True b. False ANSWER: False 2. A copyright is valid for 28 years after it is obtained and […]
Business Law Chapter 34 Real And Personal Property Beth Has Not
Name: Class: Date: Ch 34 Real and Personal Property 1. Landlord-tenant relationships are governed by a mixture of property law, contract law, and negligence law. a. True b. False ANSWER: True 2. Tom rented an apartment from Margaret on a […]
Business Law Chapter 4 The President has the power to remove the chairperson of the Consumer
Name: Class: Date: Ch 04 Common Law, Statutory Law, and Administrative Law 1. The doctrine of stare decisis, though vital to the creation of the common law when this country was settled, is not important to our modern, complex society. […]
Business Law Chapter 5 the inalienable rights found at the beginning of the Constitution
Name: Class: Date: Ch 05 Constitutional Law 1. By creating three independent and equal branches of the federal government, the U.S. Constitution prevented the federal government’s power from being concentrated in one person. a. True b. False ANSWER: True 2. […]
Business Law Chapter 6 Jim told his manager, Lana, that a co-worker, Diane, had been
Name: Class: Date: Ch 06 Torts and Product Liability 1. Public officials and public figures receive less protection from defamation than ordinary people. a. True b. False ANSWER: True 2. In a strict liability case, the courts still consider if […]
Business Law Chapter 7 Jeff was moving the pipe as part of his work responsibilities
Name: Class: Date: Ch 07 Crime 1. When measured in dollars, street crime costs society more than twice as much as white-collar crime. a. True b. False ANSWER: False 2. Every criminal defendant has a right to a jury trial. […]
Business Law Chapter 8 The contract does not include a choice of law provision
Name: Class: Date: Ch 08 International Law 1. Multinational enterprises are companies doing business in several countries simultaneously. a. True b. False ANSWER: True 2. The United States is the world’s largest exporter of agricultural products. a. True b. False […]
Business Law Chapter 9 1 The court would order Myrtle to pay the reasonable value of
Name: Class: Date: Ch 09 Introduction to Contracts 1. One purpose of contract law is to make business matters more predictable. a. True b. False ANSWER: True 2. Some of the elements of a contract are agreement, consideration, legality, and […]
Chapter 15 Schauer V Mandarin Gems Of California
Suggested Additional Assignments Drafting Exercise: Avoiding Third-Party Claims This hypothetical is based on a real suit between sports fans from the University of Wisconsin and the University of California at Los Angeles (UCLA). The students represent UCLA. This year’s UCLA […]
LGST 22919
When a negotiable instrument is transferred, the transferor warrants all EXCEPT: a. that the transferor is a holder in due course of the instrument. b. all signatures are authentic. c. as far as she knows the issuer is solvent. d. […]
LGST 34398
Which of the following statements is correct? a. Violent street crime results in a greater monetary loss to society than white-collar crime. b. White-collar crime results in a greater monetary loss to society than violent street crime. c. Studies are […]
LGST 36178
Unsolicited commercial e-mail (UCE) or unsolicited bulk e-mail (UBE) messages: a. are commonly known as “cookies.” b. constitute about 90 percent of all e-mail. c. are estimated to be fraudulent either in content or packaging in approximately one-fourth of all […]
LGST 37134
Taking a service without paying for it is a common type of larceny. a. True b. False Jeff was a subcontractor, bidding on a contract for ACE Corp., the general contractor. When adding up the total of materials and labor, […]
LGST 59288
Pushy Pat, a persuasive salesman, talked Nice Nancy into purchasing something she didn’t really need or want. Nice Nancy may rescind the contract because of undue influence. a. True b. False The Australian government has opened a for-profit tourist information […]
LGST 67411
If Lorenzo is seeking an injunction against Brenda to prevent her from selling materials that infringe his copyright, he is entitled to a jury trial if the value of the materials is over $100. a. True b. False A defense […]
LGST 68797
Rich and Archie sign an agreement in which Archie agrees to deliver ten cases of champagne in 5 days. The parties negotiated and meant to say in the written agreement, delivery in 50 days. If the evidence is clear that […]
LGST 69679
Travis had too many beers at the baseball game. Ed realized Travis was so intoxicated he wouldnt know what he was doing, so he got Travis to sign a promise to sell his motorcycle to Ed for $50. When Travis […]