Business Law 77327

subject Type Homework Help
subject Pages 6
subject Words 734
subject Authors Frank B. Cross, Roger LeRoy Miller

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Damages compensate a party for harm suffered as a result of anothers wrongful act.
A mere reference in an instrument to another writing makes the promise or order
conditional.
A party who would sustain a financial loss from the destruction of property has an
insurable interest in it.
A U.S. citizen can bring a civil suit in a U.S. court against a U.S. entity for a tort
allegedly committed overseas.
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Almost anything is patentable.
For a will to be valid, a testator must be of 'sound mind at the time of death.
If a debtors income is below the median income, there is a presumption of bankruptcy
abuse.
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On May 1, Local Cartage Company and Modern Computers, Inc., orally agree that
Local Cartage will pick up from National Chip Corporation and deliver to Modern
Computers manufacturing plant a certain number of computer chips on each Monday in
May. Under the agreement, Modern Computers will pay for the delivery services on
June On May 1, is this contract express, implied in fact, or implied in law? On May 31,
after all of the deliveries have been made, is the contract executed or executory?
A bank that has certified a check is under no obligation to accept it.
Deductive reasoning involves a main premise, a minor premise, and a conclusion.
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Grapple Market Share Corporation would like to know what information federal
agencies have about Grapples operations, so that the firm will know what its
competitors may be able to learn about it. Can Grapple require the agencies to disclose
whatever information they may have concerning it? If so, how should the firm make its
request? What federal law applies? Is any information exempt?
A motion for summary judgment may be supported with materials outside the
pleadings.
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Reliance on a non-experts statement of opinion will not normally entitle a party to
relief.
The Environmental Protection Agency periodically updates the pollution standards.
Under a shipment contract, the risk of loss passes to the buyer when the goods are
tendered to the buyer at a specified destination.
Administrative agencies can not make legislative rules, or substantive rules, that are as
legally binding as laws that the Congress passes.

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