Merchants are required to warrant that the goods they sell are fit for their ordinary
purpose.
The anonymous nature of technology helps in the prosecution of cyber crime.
Ethical standards based on religious teachings tend to be absolute.
If a buyer wrongfully refuses to accept goods that conform to a contract, the seller may
recover damages.
The least common forms of securities are bonds issued by corporations.
Copyright protection is automaticregistration is not required.
The First Amendment requires a complete separation of church and state.
Setting realistic workplace goals can reduce the probability that employees will act
unethically.
A seller with voidable title can transfer good title to a good faith purchaser for value.
To be ethical is to “do the right thing but it does not otherwise “pay.
A person who commits larceny can be sued under tort law.
The most common reason that ethical problems occur in business is an overemphasis on
long-run profit maximization.
Cumulative voting refers to the accumulation of proposals presented annually for a
shareholders vote.
A buyer who rightfully rejects nonconforming goods can resell the goods and keep the
proceeds.
A majority shareholder does not owe a fiduciary duty to minority shareholders under
any circumstances.
A plaintiff is a person against whom a lawsuit is brought.