Business Law 32676

subject Type Homework Help
subject Pages 9
subject Words 832
subject Authors Henry R. Cheeseman

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Most of the major antitrust statutes provide for criminal penalties.
Government-owned corporations are also known as "quasi-private" corporations.
The drawer's bank is also known as the payer bank.
According to the modern interpretation of the Commerce Clause, any local (i.e.,
intrastate) activity that has an effect on interstate commerce is subject to federal
regulation.
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Laws broken on Indian land are resolved in the state court of the state within which the
land is located.
For a trial to be conducted with a jury, both parties must request a jury trial.
In negotiable instruments, negotiation refers to the process of reaching agreement on
the terms of a negotiable instrument.
Generally, a finder of mislaid property has superior rights to that property against
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everyone except the original owner.
Contracts to accomplish illegal objects or contracts that are against public policy are
void.
Laws that impose penalties for drunk driving reflect the Sociological School of
jurisprudence.
Even a job advertisement that discriminates on the basis of age against any covered
applicants is illegal under the Age Discrimination in Employment Act.
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All checks are three-party instruments, but not all three-party instruments are checks.
Regardless of whether the instrument involved is order paper or bearer paper, the proper
method of negotiation is the same.
Race is considered a bona fide occupational qualification for certain positions.
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An obligor is someone who owes a duty of performance.
The process of licensing new drugs by the Food and Drug Administration may take
many years.
In a case of unfinished goods, the seller's or lessor's only remedy is to cease
manufacturing the foods and resell them for scrap or salvage value.
True statements can be the basis for commission of the tort of invasion of the right to
privacy.
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Jon hired Sarah to manage his store. Sarah negligently hit Aimee with a shopping cart,
injuring her as a result. Jon is liable to the customer.
A "tenant at sufferance" is not obligated to pay rent, because he or she is not subject to a
lease, and therefore has no contractual obligations.
Under Rawl's social justice theory, the principle of equal opportunity in employment
would be promulgated by people who would not yet know if they were in a favored
class.
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To prevent the risk of loss from theft, a special indorsement is preferred over a blank
indorsement.
The mere acknowledgement of a debt is sufficient to constitute a negotiable instrument.
The type of estate that an owner possesses is determined from the deed, will, lease, or
other document that transferred the ownership rights to him or her.
A reaffirmation agreement must be entered into before bankruptcy discharge is granted.
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The CAN-SPAM Act regulates spam sent internationally to Americans from other
countries.
The Clean Air Act directs the Environmental Protection Agency to establish national
ambient air quality standards (NAAQS) for certain pollutants. These standards are set at
three (3.) different levels: primary, secondary, and tertiary.
All states provide that persons under a certain age, such as 14 or 15 years of age, cannot
be married.
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Operating agreements are required to be in writing.
Allan hires a licensed independent contractor demolition company to level a building. If
the demolition company takes every precaution, but a person is nevertheless injured,
Allan is liable for the injury.
Price discrimination is unlawful even if it is in response to changing conditions in the
market for goods.
If Pepsi Cola were to merge with Michelin Tires, this would be a product market
expansion merger.
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The Interstate Commerce Commission (ICC) has the responsibility to investigate
alleged securities violations and bring enforcement actions against suspected violators.

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