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An expression of opinion"your customers will like thisis an offer.
An order stating "please pay is too courteous to create a negotiable instrument.
Borrowers are required to recite the terms of their loans in clear, readily understandable
language so that lenders can make rational choices.
Federal law encourages private lenders to modify mortgages so as to lower the monthly
payments of borrowers who are in default.
To be eligible for unemployment compensation, a worker must be willing and able to
work.
An HDC takes a negotiable instrument free of most defenses and claims that could be
asserted against its transferor.
An order instrument is negotiated by delivery with any necessary indorsements.
In a sale or return, title and risk of loss remain with the seller until the buyer accepts the
goods.
The duties of a limited liability companys members may not be limited by its operating
agreement.
A franchise contract may use only one type of business organizationthe sole
proprietorship.
A contract can prevent an assignment of a right to receive funds.
A trust that a grantor executes orally in contemplation of immediate death is a
testamentary trust.
An individual debtor is allowed to exempt certain property from the bankruptcy.
Mitch is a director and officer of Numero Uno, Inc. Mitch makes a marketing decision
that results in a dramatic decrease in profits for Numero Uno and its shareholders. The
shareholders accuse Mitch of breaching his fiduciary duty to the corporation. What is
Mitchs best defense against this accusation? Later, a resolution comes before the
Numero Uno board to compete with One-of-a-Kind Corporation. Mitch is a director and
shareholder of One-of-a-Kind. What is Mitchs responsibility in this situation?
Focusing on a firm's short-term profits without considering the companys long-term
needs may be acting unethically.
Jen operates Jens Fruits & Vegetables, a small market stocked entirely with produce
grown on her adjacent farm. Under what clause of the Constitution can the federal
government regulate Jens activities? What is Jens best argument against federal
regulation of her farm and business?
A power of attorney confers express authority.
Creditors may not contract with a debtor for payment of a sum less than that owed.
