M 162 Quiz 1

subject Type Homework Help
subject Pages 4
subject Words 602
subject Authors Frank B. Cross, Roger LeRoy Miller

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It is guaranteed that any judgment will be enforceable.
Answer:
Acting in good faith gives a business firm a better chance of defending its actions in
court.
Answer:
Erin contracts in writing to sell her Ford-brand pick-up truck to Garth for $10,500. Erin
agrees to deliver the truck on Friday, and Garth promises to pay the $10,500 on the
following Monday. On Thursday, Garth tells Erin that he changed his mind and will not
buy the truck. Over the weekend, Garth changes his mind again and tenders $10,500 to
Erin on Monday. Erin has not sold the truck to another party but refuses the tender and
refuses to deliver. Garth claims that Erin has breached their contract. Erin contends that
Garth's repudiation released her from her duty to perform under the contract. Who is
correct, and why?
Answer:
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In a lawsuit between Cloud Computing Corporation and Digital Enterprises, Inc., the
court applies the doctrine of stare decisis. What is this doctrine? What does this
doctrine have to do with the American legal system?
Answer:
The Consumer Product Safety Commission conducts research on the safety of
individual consumer products and maintains a clearinghouse on the risks associated
with various products.
Answer:
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An individual debtor cannot exempt or exclude any property from the bankruptcy.
Answer:
A surety can be required to pay an obligation only after the principal debtor defaults
and usually only after the creditor has made an attempt to collect from the debtor.
Answer:
Most employers can treat their employees more or less favorably based on their
religious beliefs or practices.
Answer:
Under the authority of a long arm statute, a court can exercise personal jurisdicÂtion
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over certain out-of-state defendants.
Answer:

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