LGST 75543

subject Type Homework Help
subject Pages 5
subject Words 528
subject Authors Frank B. Cross, Roger LeRoy Miller

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page-pf1
An outside director is a director who is also an officer of the corporation.
Protection against retaliation under the Civil Rights Act of 1964 does not extend to an
employee who speaks out about discrimination on his or her own initiative.
In most states, the courts no longer grant "equitable remedies.
Under the UCC, parties to a contract cannot limit or exclude consequential damages.
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The most common way to acquire personal property is to produce it.
For a business law class, Kelly reads and briefs several court opinions using the IRAC
method of legal reasoning. What do the letters I, R, A, and C abbreviate? What are the
steps in the IRAC method?
A living trust cannot be irrevocable.
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A promissory note payable to "bearer is not negotiable.
Transfer warranties attempt to impose liability on the wrongdoer or the person who
dealt face to face with the wrongdoer.
Risks ordinarily assumed in business constitute consideration for the modification of a
contract.
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Injured individuals can rely on the common law to obtain damages and injunctions
against business polluters.
A service mark distinguishes products used by the government.
In a limited partnership, a general partners dissociation from the firm may lead to
dissolution.
All contracts between adults and minors are void.
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A limited liability company (LLC) formed in one state but doing business in another
state is referred to in the second state as a foreign LLC.
The minimal acceptable standard for ethical behavior is compliance with the law.

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