An employer’s interference with the employee’s right to bargain collectively is not an
unfair labor practice.
Define a substituted contract and describe how it affects an agreement.
Colleen, Joanna, and Ellen form Capital City Company, a partnership. Colleen
contributes expertise; Joanna, $15,000; and Ellen, $20,000. After a year, Joanna adds
$12,000 as a loan. Ten years later, Capital owes $44,000 to creditors, total assets are
$112,000, and they decide to dissolve the business. How will these assets be distributed
and what will each receive?
Registration requirements are the same under the 1933 and 1934 Acts.
Federal Flag Company sends in an American flag for registration under the Lanham
Act. The registration will be accepted.
The holder of a qualified fee interest may not transfer the property by deed or will.
The definition of “insider” is consistent between Rule 10b-5 and Section 16(b) of the
1934 Act.
The UCC prohibits assignments of $5,000 or more.
Contracts are primarily governed by the Uniform Commercial Code.
A letter sent to someone falsely accusing her of being a murderer constitutes the tort of
defamation.
Where the UPA is controlling, Lynette, expelled from the YLC Partnership pursuant to a
provision in the partnership agreement, can now force liquidation of the partnership.
Under Article 3, the employer is allowed to recover from its bank, despite the
applicability of the fictitious payee rule, if the bank failed to exercise ordinary care in
paying the instrument.
Carl ordered 1,000 sq. ft. of green carpet from RS Company. In error, RS Company
shipped 1,000 sq. ft. of yellow carpet. In this case, the risk of loss remains with the
seller until Carl accepts the yellow carpet or RS Company remedies the defect.
The Federal Trade Commission administers the Magnuson-Moss Warranty Act.
Ralph buys a bicycle for his son. The transaction is considered a sale of goods under the
UCC.
Define “emergencies” as it affects tort law and explain how a defendant’s negligence
creating an emergency affects liability in the situation.
Public nuisance actions are very commonly used against polluters.