Persons whose names appear in a corporations stock book are ordinarily entitled to
notice of shareholders meetings and the right to vote.
The role played by women may present some difficult ethical problems for firms doing
business internationally.
In a transaction subject to the Truth-in-Lending Act, all of the terms of a credit
instrument must be clearly and conspicuously disclosed.
A person who in good faith acquires a negotiable instrument from a thief cannot
become an HDC.
Land includes the artificial structures attached to it.
Pumping up a company occurs when a single person using multiple aliases on an online
forum creates the illusion of widespread interest in a stock.
If a seller is not a merchant, and the seller holds the goods, the risk of loss cannot pass
to a buyer.
On May 1, Brand Name Industries, Inc. (BNI), sent Carol a letter, via overnight
delivery, offering to employ her to audit BNIs financial statements for the current year
for $10,000. In the letter, BNI stated that Carol had ten days to accept. On May 5, Carol
sent BNI a fax that stated, “The price for the audit seems too low. Would you consider
paying $12,000? BNI received the fax. The next day, Dan offered to conduct the audit
for $8,000. On learning of Dans offer, Carol immediately e-mailed BNI, agreeing to do
the work for $10,000. BNI received this e-mail on May 7. Explain why BNI and Carol
do, or do not, have a contract.
Under the Americans with Disabilities Act of 1990, a person with a physical
impairment that ‘substantially limits everyday activities is disabled.
A certification mark distinguishes products approved, or “certified, by the government.
Persons in foreign nations cannot be subject to U.S. antitrust law.
Building subcontractors are not independent contractors.
Winding up a corporations affairs can only be performed under court supervision.
Federal law prohibits vague generalities and obvious exaggerations in advertising.
If a contract condition is not satisfied, the obligations of the contracting parties are
discharged.
The Madrid Protocol concerns trademarks.
A tenant cannot withhold rent for any reason.
Counterfeiting is forgery.