What six elements must be present for the crime of larceny to exist?
The validity of zoning is based on the police power reserved to the states.
Incellmed Corporation is in the business of developing genetically engineered
pharmaceutical products. It uses a number of highly technical secret processes in its
business. Martin worked for the company for five years and then left after an argument
with one of the vice presidents of the company. He then went to work for one of
Incellmed’s competitors, which has begun to market similar products that seem to have
been produced using the secret processes developed and used by Incellmed. What, if
any, recourse does Incellmed have under the circumstances?
Return for lack of proper indorsement constitutes a dishonor of the check.
Dana gives care to Marnie’s dog when Dana finds Marnie’s dog ill on the side of the
road. After Marnie locates her dog, Marnie promises to reimburse Dana for the cost of
treating the dog. Marnie’s promise is binding, because there is a
bargained-for-exchange.
Name and briefly describe the special features or extraordinary duties of five special
types of bailments.
Preemptive rights are shareholders’ rights to purchase a proportionate part of a new
issue of stock.
Major, Inc. has 68% of the market share in a particular geographic region for one of its
products. Does Major have a monopoly? Explain.
The principal has a duty to indemnify the agent for losses incurred or suffered while
acting as directed by the principal in a transaction which is not illegal or wrongful.
Article 2A of the UCC, approved by drafters of the Code in 1987 and amended in 1990,
deals with leases of personal property, which exceed $100 billion annually.
A partner cannot assign his interest in the partnership without dissolving the
partnership.
The duty of obedience owed by an agent to a principal is not breached and will not
result in liability to the principal if the agent refused to do an illegal or unethical act for
the principal.
Corporations today outnumber unincorporated business associations.
To fully compensate plaintiffs in breach of contract cases, courts always award punitive
damages commensurate with the losses the plaintiffs have suffered.
If a defendant acts under emergency conditions, these conditions will be taken into
account in applying the reasonable person standard.
If a depositor in First Bank takes a check written on Valley Bank to First Bank to
deposit, it will normally be credited to the depositor’s account at the time of the
transaction. This is called a “provisional” credit.
The LMRA prohibits the closed shop, although it permits the existence of a union shop.