BUS LAW 61674

subject Type Homework Help
subject Pages 5
subject Words 578
subject Authors Roger LeRoy Miller, William E. Hollowell

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page-pf1
To establish a prima facie case of discrimination under Title VII, a plaintiff need not
show that discriminatory intent motivated an employer's decision.
There are no exceptions to the employment-at-will doctrine.
Multi Investments, Inc., offers to buy Nano Toy Corporation. On May 1, Nano provides
copies of its financial statements for the previous year, showing an inventory of $10
million. On May 15, Nano discovers that the previous year's inventory is overstated by
$5 million, but does not inform Multi. On June 1, Multi, relying on the financial
statements, buys Nano. On June 10, the buyer discovers the inventory overstatement.
Can Multi succeed in a suit against Nano for fraud?
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A corporation cannot be formed without a profit-making purpose.
The amount in controversy in a diversity of citizenship case must be more than $1
million before a federal court can take jurisdiction.
The office in which a financing statement should be filed depends on the creditor's
location.
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A covenant not to sue does not always bar further recovery.
Financial institutions that exchange digital images of checks do not have to exchange
the original paper checks.
Insurance coverage is always effective the moment an insurance broker accepts the
applicant's first payment toward the premium.
Quorum requirements are the same in all jurisdictions.
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A mentally incompetent person can enter into legally binding contracts on his or her
own behalf.
Managers must apply the same high ethical standards to themselves and to their
employees.
It is unlawful for an employer to retaliate against an employee who has opposed a
discriminatory employment practice.
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A check is not negotiable if it is payable on demand or at a definite time.
Once executed, a will cannot be revoked.

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