Business Law 70338

subject Type Homework Help
subject Pages 8
subject Words 1626
subject Authors Sean P. Melvin

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page-pf1
Mixed motives discrimination is analyzed using the ________ standard.
The legal authority that a court must have to hear a case is called _______.
Justice of the Peace, municipal court, small claims court and local district courts are
generally referred to as ________ courts.
Discuss the differences between an economic strike and an unfair labor practices strike.
What are the possible implications and consequences for union employees following
each?
page-pf2
State security laws are generally referred to as ________ laws.
Since a trademark can gain protection by using it in commerce, what would the
advantages be to registering the trademark with the U.S. Patent and Trademark Office?
page-pf3
Joe wants to propose to Rhonda and goes to a jewelry store to purchase an engagement
ring. After college, Joe had worked as a jeweler while going to law school and is now
an attorney. He still remains knowledgeable regarding the jewelry industry. In the
jewelry store the owner listens to what Joe wants and he takes a diamond ring from a
showcase. The jeweler tells Joe that it's a class AAA perfect blue-white stone in a
platinum setting and the price is $5,000. Joe, without indicating his jewelry knowledge,
asks to use the jeweler's loupe (eyepiece) and upon inspection sees that it's a Class AA
yellow white diamond with three minor laws. He furthermore realizes that the ring is
only worth $4,000. The ring is beautiful so he decides he'd like to buy it. He asks if the
price is negotiable and the jeweler offers a sale at $4,500. They settle on $4,300. When
Joe proposes, his girlfriend says no. Dejected, Joe seeks to return the diamond ring but
the jeweler refuses so Joe sues the jeweler for fraudulent misrepresentation. Who wins
and why?
The Fair Debt Collection Practices Act requires that a collection agency make known
certain rights of the debtor in a _____.
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If an agent possesses important facts directly related to his agency relationship but
withholds those facts from the principal, the agent has breached her duty of ______.
Joan is the CFO of Para Corp., and is a year from retirement. In order to guarantee
herself a very substantial bonus and to boost her retirement package, she knowingly
certifies false financial reports making the company appear to be much more profitable
than it really is. She further takes steps to assure that the financial report did not get
reviewed through internal controls maintained by Para Corp. Under provisions of the
Sarbanes-Oxley Act, what are the possible penalties that may be imposed when her
actions are discovered?
Annie agrees to purchase a television from Huge Buy, a merchant electronics seller. Her
agreement is that she will pick the television up on Friday at Huge Buy. On Friday
morning Huge Buy calls to verify that the television is marked with her name and is
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available for pickup. Annie tells them that she can't come until Saturday. Friday evening
a huge storm damages the Huge Buy facility caving in the roof and destroying her
television. Huge Buy demands payment from Annie claiming that they tendered the
goods and if she had picked up the television on Friday as originally agreed there would
not have been a loss. Does Annie have to pay? Why or why not.
Thelma and Louise are roommates in college. Thelma loves to bake and makes
incredibly tasty chocolate chip cookies. Louise suggests that they sell the cookies
around campus and split the profits. They orally agree that Louise will advertise the
cookies, provide decorative bags to put the cookies in and be responsible for deliveries
around campus while Thelma will obtain the ingredients and do all the baking. They
intend for the whole endeavor to be low key and informal. Have Thelma and Louise
created a business entity and why is it important for them to fully understand their
relationship?
page-pf6
In what ways does the United Nations Convention on Contracts for the International
Sale of Goods differ from the UCC in terms of coverage and application?
Minzer Corp. is considering a law suit against Salter, Inc. for patent infringement.
Minzer is Delaware Corporation and Salter is located in Utah. If the case is brought in
Utah, what issues should the Minzer Board of Directors consider when deciding
whether to file and pursue the case?
page-pf7
The Superfund imposes joint and several liability on the ________ responsible parties.
The SEC's computer data base which maintains the national clearinghouse for public
corporation disclosures is known as _______.
When a buyer rejects nonconforming goods and purchases the appropriate goods from a
different seller, the buyer is said to be _______.
page-pf8
Employers are not bound by the FLSA regarding employees classified as ________
employees.
Abbreviations published by the International Chamber of Commerce meant to avoid
confusion in international business transactions are called ________ terms.
An ________ investor is one who has experience, business savvy, and knowledge of the
market to the extent that the law imputes a certain cognizance of investment risk and
the ability to protect their own interests.

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