BLAW 79025

subject Type Homework Help
subject Pages 5
subject Words 349
subject Authors Frank B. Cross, Roger LeRoy Miller

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page-pf1
To be characterized as a "good under the UCC, an item of property must be movable.
A bailee never has a right to use the bailed property.
Water-quality standards are set by the states under Environmental Protection Agency
supervision.
A takeover cannot be challenged on the ground that it would result in a substantial
increase in the acquiring corporations marker power.
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No state has adopted the Uniform Commercial Code in its entirety.
State laws often significantly protect individuals privacy rights.
Federal law permits a partnership to be treated as an entity in suits in federal courts.
In a civil law system, the only official source of law is a statutory code.
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Legal limited liability generally is necessary for those who wish to raise outside capital.
Under the theory of negligence, the duty of care requires one person to aid another who
has suffered harm from someones negligence.
The board of directors of each corporation involved must approve a share exchange.
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All statutes that serve to protect the interests of consumers are classified as consumer
law.
Complete performance occurs when conditions in a contract are fully satisfied.
An artisans lien is possessory.
If an offeror does not expressly authorize a certain mode of acceptance, then acceptance
may be made by any reasonable means.
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An employer may defend against a claim of unintentional discrimination by asserting
that a practice that has a discriminatory effect is a business necessity.

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