States Court of Appeals for the Fifth Circuit) What type of negotiable instrument is involved in these transactions? As defined by the Uniform Commercial Code (UCC) negotiable instruments include checks, draft, notes and certificates of deposit. Negotiable instruments must meet certain requirements for transfer. Article 3 of the Uniform Commercial Code states that a negotiable instrument must meet certain requirements. A negotiable instrument should be a substitute for money, act as a credit
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W. M. Jordan Company with LEED Initiatives Nicola Zaborski Professor Marlene Armstrong LEG 100 February 24, 2012 An act or strategy intended to resolve a difficulty or improve a situation; fresh approaches to something or the power or opportunity to act or take charge before others do (Mckean, 2005). The Initiative Process was established in 1898 and began in South Dakota. The procedure which citizens could initiate laws on their own without going through an elected representative of their
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Argosy University BUS215 Be Careful What You Sign Argosy University BUS215 Be Careful What You Sign Be Careful What You Sign Sudson Washer & Dryer Service which is the (lessor) and Letisha is the (lessee), entered into a contract together for a five-year period which according to Sudons is a Standard lease. Letisha is a young woman with her own apartment unit and I am sure she is very excited about doing an upgrade to keep her tenants satisfied with the updated washers and dryers
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Legal recovery Name Institutional Affiliation Question 1 Joanna is likely to recover from the contract. This is because there existed a contract between them. Jimmy offer job to Joanna. The contract was made the moment Joanna accepted the work. Even if the agreement was made verbally, the contract exist since terms were set. Therefore, the act of jimmy to withdraw the job is a breach of contract hence Joanna is likely to have his work back or compensated for wastage of time and other provable
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(Cite as: 212 Ill.App.3d 380, 570 N.E.2d 1227, 156 Ill.Dec. 505) 15 UCC Rep.Serv.2d 503, Prod.Liab.Rep. (CCH) P 12,851 Appellate Court of Illinois, Fifth District. David B. GARAVALIA, as executor of the Estate of Arvo Lake, a deceased person, Plaintiff-Appellant, v. HEAT CONTROLLER, INC.; Addison Products Company, Inc.; O.G.F. Corporation, doing business as Giles Appliance Center; and Odell Giles, individually, Defendants-Appellees. No. 5-89-0749. April 19, 1991. Decedent's estate
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Abstract The topic in discussion here is the suit filed by a company Non-Linear Pro against Quick Takes Video for non-payment of lease amount. The later claims that the product leased to them was of inferior quality and has been owned for less than a month, whereas Non-Linear Pro is trying to charge them for a three-month lease. A noteworthy point is that none of the owners of the company have signed the lease. It has been signed by a third party agent appointed by the company to place and receive
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Commercial Law- Commercial law is the body of law that governs the broad and sometimes vague areas of business, consumer transaction, and commerce. The application of commercial law has developed a specific set of laws that apply to commercial activities, pursuits, and transactions. This arm of civil law deals with issues both simple and complex that often relate to questions of both public and private sector laws. Commercial law governs sale and distribution of goods, and proper procedure for
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considering changing the business entity, but he does not know what entity to form or how to form it. The owner has asked you to do the following: * Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why. * Analyze whether the owner formed a contract with the businesses, and apply the five essential elements of an enforceable contract. * Explain the potential personal liability to Acme Fireworks if a spectator
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that the law also serves as an important catalyst for commerce by promoting good faith dealing among merchants and consumers and giving some degree of reliability that can be considered in business planning and commercial transactions.” (pp. 4-5). Through the Uniform Commercial Code, (UCC), state and federal governments have set the standards for business law. In addition, business laws such as Title VII of the Civil Rights Act,
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Course Description | This course, geared to non-attorney managers and executives, provides a broad survey of federal and state laws and judicial systems governing and/or affecting information security. Topics include the effects on information security of cyber-business regulation, doing business on the Internet, privacy laws, taxation, protection of intellectual property, electronic privacy, wiretapping, and cyber-squatting. In addition, students examine ethical issues, forensics, and evidence of
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