Vishing is phishing that involves voice communication.
A quasi contract is a true contract.
An implied contract is not an actual contract.
Apparent authority arises from what the principal makes clear to the agent.
Ewa, the owner of Face-2-Face Enterprises, is a sole proprietor. What are the chief
characteristics, advantages, and disadvantages of this form of business organization?
Ewa wants to obtain additional capital to expand Face-2-Face, but she does not want to
lose control of the firm. As a sole proprietor, what is her best option to attain these
goals?
After two years of research and an investment of a substantial amount of money,
Coast-to-Coast Company (CC) develops a new product that it hopes will produce
substantial profits. CC learns that a competitor, National Sales, Inc., has made and
begun to sell a nearly identical product. CC learns from a reliable source that National
paid a CC employee to obtain the plans for CC’s product when it was in development.
What legal recourse does CC have against National?
There is a specific guarantee of a right to privacy in the Constitution.
The full faith and credit clause ensures that rights established under a contract in one
state are honored by other states.
Title is one concept that the UCC has substituted for the common law concept of risk of
loss.
Remedies in equity include injunctions and decrees of specific performance.
Corporations can be good citizens by promoting goals that society deems worthwhile.
Owen buys a used Prius from Quality Motors, Inc., paying $1,000 down and agreeing
to pay off the balance in thirty-six monthly payments of $200 each. The terms of the
agreement call for Owen to make a payment on or before the first of each month,
beginning March 1. During the first six months, Quality receives a $200 payment
before the first of each month. Starting in September, however, and continuing for the
subsequent five months, Owen’s payment is never made until the fifth of the month.
Quality accepts and cashes the payment check each time. Before the next payment is
due, Quality decides that it is no longer willing to accept late payments. Can Quality
sue Owen immediately for breach? Can Owen continue to make late payments without
liability? Explain.
Tortfeasor is the term for a person who commits a tort.
A director must make a full disclosure of any potential conflict of interest that might
arise in any corporate transaction.
A failure to return personal property may be conversion even if the rightful owner
consented to the initial taking.
Phishing occurs when a criminal poses as a member of the rock group Phish.
Quixotic Corporation decides to respond to what it sees as a moral obligation to correct
for past gender discrimination by adjusting pay differences among its male and female
employees. Does this raise an ethical conflict among those employees? Between the
employer and the employees? Between the corporation and its shareholders? If so, how
should it be resolved?
If, before the time for performance, a buyer communicates an intent not to perform, the
seller can consider the buyer in breach and pursue a remedy.