BUS LAW 23705

subject Type Homework Help
subject Pages 5
subject Words 317
subject Authors Roger LeRoy Miller, William E. Hollowell

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page-pf1
Unconscionable means unethical or unfair.
In a bilateral contract, communication of acceptance is necessary.
An agency relationship may occur by operation of law in a family.
If it can be shown that a trespass to land was warranted, a complete defense exists.
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In a limited liability company, members are allowed to participate in the management of
the company.
The right to cure is the right of a party who tenders nonconforming performance to
correct his or her performance within the contract period.
Constructive discharge occurs when an employer causes an employee's working
conditions to be so intolerable that a reasonable person in the employee's position
would feel compelled to quit.
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In most states, a director cannot be removed from a corporate board for a breach of
duty.
An offeree is a person who makes an offer.
Unforeseen difficulties that justify a demand for additional compensation include risks
not ordinarily assumed in business.
A novation does NOT require the extinguishing of the old obligation.
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NOT all of the terms presented in shrink-wrap agreements have been enforced.
Article 2 of the UCC covers any transaction that creates a lease of goods.
The crime of bribery occurs when the bribe is offered even if it is not accepted.
Ownership in fee simple defeasible constitutes absolute ownership.

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