BUS LAW 25172

subject Type Homework Help
subject Pages 5
subject Words 491
subject Authors Roger LeRoy Miller

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According to the Foreign Sovereign Immunities Act, a foreign state that has committed
a tort in the United States is protected from the jurisdiction of the U.S. courts.
The Second Amendment to the U.S. Constitution reserves all powers not delegated to
the national government to the states.
The basis for the U.S. legal system is the natural law school.
Jade, Kelly, and Lila organize a nonprofit business'JKL Markets, Inc.to buy groceries
from wholesalers and sell them to consumers who buy a membership in JKL. Because
the firm is a nonprofit entity, it is able to sell the groceries for less than a commercial
grocer could. What form of business organization is JKL Markets? Is it significant that
JKL is incorporated?
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Under federal law, an e-signature is enforceable only if the contracting parties have
agreed to use e-signatures.
A warranty deed provides the most protection against defects of title.
A partner's profit from a partnership is taxed as income to the firm.
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Performance that provides a party with most of the benefits of a contract, in spite of a
deviation from the terms, is substantial performance.
Lawyers are not allowed to represent people in small claims courts in any of the states.
A bailment must be in writing to be valid.
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A unilateral contract is formed when the party receiving the offer completes the re-
quested act or performance.
Proceeds from the disposition of collateral after default on the underlying debt are
distributed equally among lienholders who have made demands.
An alien corporation is a corporation formed in another country.
Much franchise litigation involves claims of wrongful termination.
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Any judgment is enforceable.
Statutes are laws enacted by Congress and the state legislatures and comprise one of the
sources of American law.

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