Business Law 96126

subject Type Homework Help
subject Pages 5
subject Words 489
subject Authors Gaylord A. Jentz, Roger LeRoy Miller

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Under certain conditions, a purchase-money security interest will take priority over a
previous creditor's interest in after-acquired property.
In mediation, the mediator proposes a solution that includes what compromises are
necessary to reach an agreement.
Guy is Hot Java Company's majority shareholder. Guy decides to sell his Hot Java
stock. The sale will be an effective transfer of the control of the company. Does Guy
owe a duty to Hot Java or its minority shareholders in this situation?
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If the meaning of a statute's language is unclear and an agency interprets it, a court must
follow the interpretation as long as it is reasonable.
A contract that one party retains the exclusive right to cancel at any time is
unenforceable.
An express contract must be in writing.
Voir dire is a process for presenting evidence in a case.
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It is not unlawful for an employer to retaliate against an employee who has opposed a
discriminatory employment practice.
Inadequate consideration may reflect a lack of bargained-for exchange.
Generally, a foreign government cannot sue under U.S. antitrust laws in U.S. courts.
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A federal form of government is a confederation of independent states with a central
government of very limited powers.
Federal law encourages the use of electronic payments at Internet gambling sites.
Dissolution is the legal death of the artificial "person" of a corporation.
A contract for the sale of commercial realty should indicate what items are included in
the sale.
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A nuncupative will is an oral will.
Constructive delivery does not satisfy the delivery requirement for an effective
bailment.

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