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Erica's supervisor told her to arrange for a conference room at the Kelly Inn. Erica has
express authority to contract for the room.
If Velma, as a birthday present, assigns to Jim her contractual right to collect $50 from
Wood Co., this would be a gratuitous assignment.
A landowner's highest duty is owed to licensees.
Consideration can be a promise or an act.
All oral contracts are quasi-contracts until they are completely executed.
An agent must obey all instructions of the principal.
Resale pricemaintenance (RPM), also called vertical price fixing is not always illegal. It
is a rule of reason violation.
Briefly discuss a patent, copyright, and trademark.
Ethics is the study of how people should act.
If the FTC determines a business has violated the law, it will normally try to get the
business to voluntarily stop the activity.
If you can guess someones password you can legally enter that partys email account.
The National Labor Relations Act guarantees employees the right to join unions.
Generally, mandatory arbitration provisions in a contract are valid.
You cannot be held liable for the actions of your agents if the agents are violating your
instructions.
Wever, Inc. is considering relocating a facility to Mexico. The interests of the various
stakeholders affected by this decision may conflict.
A PMSI can be created only in goods and software.
Lorene, an artist, orally agrees to sell Sabrina a painting for $600. While Lorene is busy
talking on the phone, Sabrina writes her a note on the back of an envelope she finds in
her purse. The signed note states that she will stop by the studio to pick up the painting
within the week. Sabrina changes her mind about the painting, and when Lorene sues to
enforce the contract, Sabrina defends on the basis of the statute of frauds. Sabrina will
succeed with this defense.
Ken decided to open a retail boat dealership. He expects that many of his sales will be
credit sales. What should Ken do to protect his interests in the collateral in the credit
sales that he makes?
A tag attached to a tree in a nursery identifying the tree as a Southern Magnolia creates
an express warranty.
