A business that holds itself out as being a corporation may not deny corporate status,
even if it makes no attempt to incorporate.
Employees who deal with third parties are agents of their employers.
Hawk Corporation begins making and selling motorcycles in 2000 under the mark
“Hawk.” Ten years later, Hawk.com, Inc., a different company selling medical
equipment and supplies, begins to use “hawk” as part of its URL and registers it as a
domain name. Can Hawk Corporation stop Hawk.com’s use of “hawk”? If so, what
must the motorcycle-maker show?
The categorical imperative cannot be applied to many business actions.
The date when the principal of a bond is returned to the investor is called the maturity
date.
A minor has a reasonable time, after the minor reaches the age of majority, to disaffirm
a contract.
An oral contract for a sale of goods for more than $5,000 is NOT enforceable even if
the parties to it admit to its existence in court.
Labeling and packaging is an area of consumer law regulated by federal statutes.
All states allow power of sale foreclosures.
A seller need not use words such as “warrant” to make an express warranty.
Under the Americans with Disabilities Act of 1990, disabled employees are entitled to
“reasonable accommodation.”
A profit is the right to make limited use of another person’s real property without taking
anything from the property.
Statutory law includes state statutes and ordinances passed by cities and counties.
No oral contract is enforceable under the UCC.
The dishonor of an instrument relieves secondary parties of liability.
Under an exclusive-dealing contract, a seller promises a buyer a certain territory in
which the buyer will have no direct competition.
Businesspersons are expected to make decisions that are ethically sound.