Business Law 23034

subject Type Homework Help
subject Pages 5
subject Words 320
subject Authors Roger LeRoy Miller

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An invitation to negotiate"can you afford this?is an offer.
All nations have restrictions on imports.
A foreign state is immune from the jurisdiction of U.S. courts as long as the state is
involved in commercial activity in the United States.
Dumping is the sale of imported goods at "greater than fair value.
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An obligor is a person to whom a duty is owed.
If a principal does not ratify an authorized contract, the principal is not bound.
A corporation can recapture any profits realized by an insider on any purchase or sale of
the firms stock within any six-month period.
Stealing software is not a crime.
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A release does not require consideration to be legally binding.
To commit an intentional tort, one person must intend to harm a certain other person.
Creditors may contract with a debtor for discharge of the debtors liquidated debts.
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Corporate ethical policies must be clearly communicated to be effective.
If a lessors tender of delivery fails to conform to a contract in any way, the lessee can
reject the goods.
Generally, an accountant must exercise the degree of care that an ordinarily prudent
accountant would exercise.
The terms of a shrink-wrap agreement may be enforced in the same way as the terms of
other contracts.

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