LGST 34101

subject Type Homework Help
subject Pages 6
subject Words 560
subject Authors Frank B. Cross, Roger LeRoy Miller

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page-pf1
An arbitrary use of ordinary words may not be trademarked.
The doctrine of promissory estoppel does not apply if there is a clear and definite
promise.
A quasi contract is a fictional contract.
A franchisee can operate as an independent businessperson but cannot then obtain the
advantages of a national organization.
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Many states permit a corporate board to have fewer than three directors.
A hacker is someone who uses one computer to break into another.
To properly present a draft for payment, the holder must present it to the drawer.
Under the Madrid Protocol, a company can register its trademark in more than one
country with a single application.
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A creditor beneficiary benefits from a contract in which one party promises another to
pay a debt that the promisee owes to a third party.
Each state permits a debtor to retain the family home, in its entirety or in part, free from
the claims of unsecured creditors.
Whether a contract with an unlicensed professional is enforceable depends on the
purpose of the statute that requires the license.
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The power to consolidate is conferred by statute.
Bonds represent the purchase of ownership in a business firm.
If delivery of goods becomes impossible, a party who has issued a draft or note under
the contract must still pay it.
Justifiable reliance is an element of fraud.
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New sources of water pollutants must install pollution-control equipment before
beginning operations.
An employer may limit the campaign activities of union supporters during a union
election campaign.
When Looking Glass Corporation wishes to issue certain securities, it must provide
sufficient information for Alice, and other unsophisticated investors, to evaluate the fi-
nancial risk involved. Specifically, the law imposes liability for making a false
statement or omission that is "material. What sort of information would Alice consider
material?
page-pf6
A treaty is a contract or other agreement between two or more nations that must be
ratified by the United Nations to take effect.

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