Business Law 34205

subject Type Homework Help
subject Pages 6
subject Words 476
subject Authors David P. Twomey, Marianne M. Jennings

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Legal issues in cyberspace include appropriation and competition issues.
Perfection can occur merely by possession of the collateral by the creditor.
Public zoning and restrictive covenants in deeds have a similar purpose, but each has a
different source of authority.
If an agent makes a properly authorized contract with a third person on behalf of a
disclosed principal, the agent has no personal liability on the contract.
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If an agent commits a crime, the agent's liability will depend on the agency relationship.
Written computer programs are not given the same protection as other copyrighted
material.
A 'suggested retail price" is not a violation of the antitrust laws.
Hiring an individual with a criminal record is conclusive proof that the employer is
liable for the tort of negligent hiring.
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Officers and directors are not personally responsible for crimes they have committed
when it can be demonstrated that in carrying out such crimes, they acted on behalf of
the corporation.
Administrative regulations are a type of law.
Notification may be implied when the principal does not object to a contract and
accepts its benefits.
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A tenancy in common is a form of ownership by two or more persons.
The requirements to create a trust are uniform.
An indorsement "Pay to Donald Hames, Cathy Dukes" is not a valid indorsement
because it does not contain the words "order" or "bearer."
When a fact is known to the agent of a seller, the sale is deemed made by the seller with
knowledge of that fact.
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A buyer who breaches a contract after making a down payment generally will be
subject to the rule that the seller may retain the full down payment as damages.
In approximately 50% of all bankruptcies no unsecured creditors receive any payments.
A limited liability company may be managed directly by the owners.
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Today, the widest range of tort liability arises in the field of negligence.
An ambiguity in an insurance policy is generally interpreted in favor of the insured.

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