Premier Clothing, Inc., a U.S. firm, obtains a judgment in a U.S. court against Quang
Tri, Ltd., a Vietnamese business. Whether the court’s judgment will be enforced by a
court in Vietnam depends on the Vietnamese court’s application of
a. the act of state doctrine.
b. the doctrine of sovereign immunity.
c. the principle of comity.
d. the World Trade Organization.
Business Properties, Inc. (BPI), offers to sell a warehouse to Corporate Investments.
Corporate says that it will pay BPI $100 to hold the offer open for three business days.
This
a. creates an illegal contract by adding a clause to BPI’s offer.
b. makes the offer irrevocable for three days if BPI accepts.
c. negates BPI’s offer by changing the price term.
d. voids BPI’s offer by extending the time term.
A court adjudicates Holly mentally incompetent and appoints a guardian. Holly
subsequently signs a contract to sell her house. The contract is
a. enforceable if Holly comprehended the consequences.
b. enforceable if Holly knew she was entering into a contract.
c. enforceable if the house was entirely paid for.
d. void.
Khalil holds a security interest in inventory owned by Luc. Khalil assigns his interest in
the inventory to Mal. Mal becomes the secured party of record
a. automatically.
b. if Khalil advises Luc of the assignment.
c. if Mal advises Luc of the assignment.
d. if Mal files a uniform amendment form.
The first security interest to be perfected is the last in priority over any other perfected
security interests.
A quitclaim deed warrants more than any other deed.
Healthy Harvest Company runs a candy and fruit processing and packaging plant. Most
of Healthy Harvest’s business is done during holiday seasons, especially between
Halloween and New Year’s Day, and in the spring. The company hires a large temporary
workforce during its busiest times. Occasionally, a position opens for an individual with
highly specialized skills, particularly to operate and maintain the company’s inventory
and sales control systems. Can Healthy Harvest hire noncitizens for its temporary,
seasonal work? Can the company hire a noncitizen with special skills for certain jobs?
If so, what procedures must the employer follow in both situations to do this hiring? If
not, how can Healthy Harvest be assured that it is hiring only citizens?
Federal agencies cannot share information with foreign agencies investigating
spamming.
The period for persons to comment on a proposed administrative rule must be at least
thirty days.
A fanciful use of ordinary words may be trademarked.
Downloading software or music into a computer’s random access memory without
authorization is copyright infringement.
An event must be certain to occur to constitute a contractual condition.
A contract is a promise to act.
Subrogation refers to the right of a creditor to assume the right of a surety with respect
to rights against a debtor.
In choosing a form of business organization for a new enterprise, important factors
include the ease of creation.
Sara needs $1,513 to buy textbooks and other school supplies. Tomas agrees to loan
Sara $1,513, accepting as collateral Tomas’s car. They put their agreement in writing
and sign it. Sara keeps possession of the car. Does Tomas have an enforceable security
interest? How can Tomas let other creditors know of his interest in the car?
A credit-card company is not required to provide advance notice to consumers before
changing credit-card terms.
To use attachment as a remedy, a creditor must have possession (be “attached” to) of a
debtor’s property.
Under an exclusive-dealing contract, a seller promises a buyer a certain territory in
which the buyer will have no direct competition.
Cumulative voting refers to the accumulation of proposals presented annually for a
shareholders’ vote.