LB 440 Quiz 2

subject Type Homework Help
subject Pages 3
subject Words 371
subject Authors Barry S. Roberts, Richard A. Mann

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The Magnuson-Moss Warranty Act contains disclosure and labeling requirements for
sellers of consumer products containing a written warranty.
An "I.O.U." is a negotiable instrument.
A stepchild will not ordinarily inherit under intestacy statutes unless legally adopted.
Richard agrees to supply Henry with all his needs of specially made shampoo for
Henry's beauty salon. Henry believes that Richard is a representative of a famous hair
products company, but he finds a letter to a competitor written by Richard two days
before the agreement is signed proving that Richard is a fraud. Richard says that this
letter may not be admitted to court since their contract is wholly integrated. Is he
correct?
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To find a violation of Section 2 of the Sherman Act, if sufficient monopoly power has
been proved, the law must then show that the firm has engaged in unfair conduct.
Directors, but not officers, may compete with the corporation in their own private
business dealings.
A lightning strike causes an explosion at Johnson's Oil refinery, which was located
close to Maintown. Fumes from the resulting fires at the plant have sent the nearby
townspeople to the hospital for severe respiratory distress. Johnson's Oil will be liable
for the townspeople's injuries directly resulting from the fumes.
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Dana gives care to Marnie's dog when Dana finds Marnie's dog ill on the side of the
road. After Marnie locates her dog, Marnie promises to reimburse Dana for the cost of
treating the dog. Marnie's promise is binding, because there is a
bargained-for-exchange.
Carroll, Daniels, and Elmore organized their veterinary practice as a professional
corporation. This organization of professionals will be treated as a partnership for
liability purposes.

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