While a minor, Uri misrepresents his age as twenty-one to purchase a motorbike from
Vans Dirt Bikes & Scramblers. Ordinarily, Uri can
a. disaffirm the contract but must return the motorbike.
b. none of the choices.
c. ratify the contract, keep the motorbike, and recover any payments that he made to
Vans.
d. reject the contract, keep the motorbike, and recover any payments that he made to
Vans.
Home Enterprises employs Itzakto buy property for a possible residential development.
Itzak secretly buys some of the property and sells it to Home Enterprises at a profit.
Itzak has breached
a. no duty.
b. the duty of accounting.
c. the duty of loyalty.
d. the duty of notification.
Eartha receives from Fergie a guitar stolen from Harper. To be criminally liable, Eartha
must
a. know that Fergie is the thief.
b. know that Harper is the true owner.
c. knowthat the guitar is stolen.
d. have paid for theguitar.
In mediation, the mediator proposes a solution and makes a decision resolving the
dispute.
Agency relationships do not permeate the business world.
An undisclosed principal is not liable to a third party for a contract made by an agent.
The doctrine of commercial impracticability does not extend to problems that could
have been foreseen.
When a partys performance is perfect, it is said to be complete.
The law does not restrict the “fair use ofmethods for the circumvention of encryption
software or other technological antipiracy protection for educational and other
noncommercial purposes.
An important rule to keep in mind with e-contracts is that the offeree (the buyer)
controls the acceptance and thus the resulting contract.
Some provisions of U.S. bribery laws are directed toward accountants.
Under the U.S. Constitution, the judicial branch interprets the laws.
In 2005, Recreation & Relaxation Corporation began making and selling all-terrain
vehicles (ATVs) under the mark “R&R. Ten years later, recoveryandrehabilitation.com,
Inc., a different company selling medical equipment and supplies, begins to use “R&R
as part of its URL and registers it as a domain name. Can Recreation & Relaxation stop
recoveryandrehabilitation.coms use of “R&R? If so, what must the ATV maker show?
The registered agent is the person who receives legal punishment (such as fines and
imprisonment) on behalf of the corporation.
The partnership is a pass-through entity and a taxpaying entity.
An obligation is enforceable only if it is made in return for actions or events that have
already taken place.
The major difference between international law and national law is that government
authorities can enforce national law.
Online defamation is wrongfully hurting a persons reputation by communicating false
statements about that person to others online.
A contract entered into by a minor is voidable at the option of either of the contracting
parties.
Under the UCC, the aggrieved party is not limited to one exclusive remedy.
In many states, a release contract must be in a signed writing.
Courts of appeals conduct new trials in which evidence is submitted to the court and
witnesses are examined.
A company takes a risk by electronically storing their online customers credit-card
numbers.