BUS LAW 93835

subject Type Homework Help
subject Pages 6
subject Words 865
subject Authors Roger LeRoy Miller, William E. Hollowell

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Corporations can be good citizens by promoting goals that society deems worthwhile.
The American Law Institute was the only organization involved in developing the
Uniform Commercial Code.
A finder of abandoned property acquires title to it, and the title is good against the
whole world, including the original owner.
Telephone solicitation using an automatic dialing system is NOT prohibited.
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An unconditional assignment of rights in a contract will extinguish the rights of the
assignor.
The basic purpose of antitrust law is to regulate economic competition.
Only a statement made in writing can be an express warranty.
The need to protect intellectual property is recognized in the Declaration of
Independence.
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Owen plans to open Owen's Pets Store, a pet sales and pet supplies outlet, and to hire
Quimby and Ruth. Owen will invest only his own money. He does not expect to make
any profit for at least two years and to make almost no profit for the first three years,
but he hopes to expand eventually. Which form of business organization would be most
appropriate? What are the chief characteristics, advantages, and disadvantages of this
form of business organization? If Owen wants to obtain additional capital to expand the
business, but does not want to lose control of the firm, what is his best option?
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Healthy Harvest Company runs a candy and fruit processing and packaging plant. Most
of Healthy Harvest's business is done during holiday seasons, especially between
Halloween and New Year's Day, and in the spring. The company hires a large temporary
workforce during its busiest times. Can Healthy Harvest hire noncitizens for its
temporary, seasonal work? If so, what procedures must the employer follow to do this
hiring? If not, how can Healthy Harvest be assured that it is hiring only citizens?
A party to a licensing agreement generally agrees to pay royalties on some basis.
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In a short-form merger, neither corporation's shareholders need to approve the merger.
Final administrative rules have binding legal effect unless the courts later overturn
them.
A student loan is discharged under Chapter 13 unless the creditor can show "undue
hardship."
An action may be legal and ethical.
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A tortious contract calls for an action that is contrary to public policy.

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