If an employment contract provides that an employee can be fired only for “good cause”
or “just cause,” a lesser standard for discharge such as the employment-at-will doctrine
will not be allowed by a court.
The law works to cause our society to operate in an inefficient manner.
The issuer of a letter of credit can revoke or modify the letter at any time without the
consent of the beneficiary, even if that right is not expressly reserved in the letter.
All partners must contribute money to be treated as partners.
The decision of an association tribunal is binding on both the association member and
the consumer.
An anticipatory repudiation must be clear, absolute, and unequivocal.
An express warranty is basically any statement of fact or promise made about the goods
that becomes part of the basis of the bargain.
Title to abandoned property may be acquired by the first person who obtains possession
and control of it.
The Robinson-Patman Act guarantees a seller the right to refuse to deal with anyone for
any reason or purpose.
Changes to the Constitution have been brought about by interpretation, amendment, and
practice.
The beneficiary of a life insurance policy is not subject to any policy restrictions that
had been agreed to between the insured and the insurance company.
To be engaged in warehousing, an enterprise must have appropriate storage buildings.
Algonquin Industries was a small business that hired mostly recent immigrants to the
United States and paid them a minimum wage. The business prospered and people
began to come around to organize the workers into a union. Officials of Algonquin
spoke against the advisability of joining the union. Finally, a date for a certification vote
was set. In the days leading up to the vote, Algonquin officials began to intimate that
those workers who voted against the union would receive overtime opportunities “as
they became available.” A charge has been brought that this is an unfair labor practice.
Decide.
A franchise agreement in which the franchisor grants the franchisee authority to
manufacture and sell products under the trademark(s) of the franchisor is known as a
manufacturing or processing franchise.
When a partner executes an agreement outside the limitations of that partner’s agreed
scope of power, the other partners are always able to set aside the contract.
On April 15, Morgan sent a letter to Clark offering to sell her business to Clark for
$200,000. The offer stated that it would expire on May On April 30, Morgan sent
another letter to Clark that stated that she was withdrawing the offer. Clark received that
letter on May 1. Also on April 30, Clark sent a letter to Morgan accepting the offer.
Morgan received that letter of acceptance on May 1. Morgan refused to sell the business
to Clark, claiming that no contract had been formed. Clark brought suit to enforce the
contract against Morgan. Based on what you have learned in this chapter, decide the
probable outcome of the case.
Notification may be implied when the principal does not object to a contract and
accepts its benefits.
A party to an existing contract can modify the agreement without the other party’s
actual acceptance or approval.
In general, one may assign rights if that does not cause the obligor’s duties to increase
or change materially.