BUS LAW 92910

subject Type Homework Help
subject Pages 6
subject Words 761
subject Authors Gaylord A. Jentz, Roger LeRoy Miller

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Land includes all of the waters on or under its surface.
If a contract for a sale of goods does not include a price term, a reasonable price can be
determined by looking at the market for the goods.
In most states, a person must be sixteen years of age to execute a valid will.
A board of directors cannot conduct business outside a formal meeting.
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A 'sale" of software generally involves a right to use the software and a passage of
ownership rights in the software to the buyer.
Plain language laws regulate some types of contracts to require "legalese."
Only the Environmental Protection Agency can sue violators of emission limits under
the Clean Air Act.
A state court can exercise jurisdiction over any person within the boundaries of the
state.
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Federal law governs unions' internal business procedures.
In a contract for a sale of goods, the usual measure of compensatory damages is the
difference between the contract price and the market price.
If a contract does not require that performance be rendered directly to a third party, the
third party may be considered an incidental beneficiary.
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Federal labor law protects employees' right to join labor unions.
Magnifico Properties, Inc., hires Commercial Construction Company (CCC) to
renovate the interior of Magnifico's office building. CCC submits plans that Magnifico
approves. CCC completes the major reconstruction, paints the interior, and buys the
fixtures and furnishings. Magnifico rejects some of the furnishings because they do not
match the plans, and subsequently refuses to allow CCC to finish the work or to collect
payment. Could CCC sue successfully for payment for the entire contract?
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A debtor's "business tools" may be exempt from satisfaction of a judgment debt.
Hawk Corporation begins making and selling motorcycles in 2000 under the mark
"Hawk." Ten years later, Hawk.com, Inc., a different company selling medical
equipment and supplies, begins to use "hawk" as part of its URL and registers it as a
domain name. Can Hawk Corporation stop Hawk.com's use of "hawk"? If so, what
must the motorcycle-maker show?
Federal administrative agencies can regulate beyond the powers granted by enabling
legislation.

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