arrangement. Nonetheless, Non-Linear Pro has taken legal action against Quick Takes Video stating they are liable for $5,000 for the use of its editing system. Quick Takes Video may countersue Non-Linear Pro under section 2A-201 of the Uniform Commercial Code (UCC) that is the basic Statute of Frauds provision for contracts for the leasing of goods (Cheeseman, 2010). In this paper the authors will identify the potential tort risk of Product Liability that has escalated between the two companies
Words: 1586 - Pages: 7
international business field Part III History of International Trade Law • Customs and usages Law • Decentralization Unification Part IV: Comparison of ITL and In. Business Law (a ) the same origin the commercial usages (b) The different content Part V. Sources of In. Trade Law (a ) International Treaties and Conventions (b) International Trade Usages (c) Domestic Law (d) International Model Law(国际示范法) The Law of Treaties Treaties are binding
Words: 14385 - Pages: 58
Discussion Board Forum 2 Case Study Business Ethics Roger Charnock BUSI 561 Abstract Most people are committed to doing the right thing; however that is not always the case in business. Since the days of a formal handshake to close a deal, the contract has evolved into a complex process. Many years ago society believed in the power of the spoken word; thus the statement my word is my bond, however since the downfall of mankind in the garden mistrust and out right egregious acts to undermine
Words: 1538 - Pages: 7
houses must be signed into law by the president or.. * The president can VETO the bill * If signed by the president the Bill becomes a STATUTE 2. Statues, Codes and Ordinances * Statutes are enacted by Congress and state legislatures * Ordinances are enacted by municipalities and local government agencies * Code = Codified Law = Statute The Executive Branch * Created by Article 2 of the Constitution * President * Vice President * Cabinet Members * Responsible
Words: 17272 - Pages: 70
the law gives a remedy, or the performance of which the law in someway recognizes as a duty" (2nd Restatement of Contracts §1). • Common law: Applies to all contracts except those falling under the UCC. • UCC (Uniform Commercial Code): Applies to all contracts for the sale or lease of goods. The UCC is applicable regardless of whether or not either or both parties are merchants. o More flexible than common law By Formation • Express: The terms of a contract are in written or spoken words. •
Words: 6438 - Pages: 26
Final Review for ACCT 436 M/C题： 1. Racketeer Influenced and Corrupt Organization (RICO) -Act that lists more than 30 different state and federal crimes for which the violation of any two in a related pattern over a 10-year period can lead to criminal and/or civil liability with criminal penalties of fines up to $25,000 and 20 years in prison; part of the Organized Crime Control Act (OCCA) of 1970. -The act was designed to combat organized crime, forbids certain organized gambling, and to allow
Words: 5213 - Pages: 21
HR and Business Acronyms AA 1.) Affirmative Action 2.) Adverse Action AACU American Association of Colleges and Universities AAO Affirmative Action Office AAP Affirmative Action Plan AAR Average Annual Return AARP American Association of Retired Persons ABF Asset Based Financing ABM Activity Based Management ABMS Activities Based Management System ABS Asset Backed Security ACH Automated Clearing House AD & D Accidental Death and Dismemberment ADA Americans with Disabilities
Words: 3803 - Pages: 16
Wilson, Arnie Zhang, Business Law/531 22 April 2012 John Fossum Business Regulation and Essential Risk Management Common law placed the risk of loss to goods on the party who held title to the goods. Article 2 of the Uniform Commercial Code (UCC) rejects this notion and adopts concise rules for risk of loss that are not tied to title. It also gives the parties to a sales contract the right to insure the goods against loss if they have an “insurable interest” in the goods (Cheeseman
Words: 2022 - Pages: 9
A Manager’s Handbook: “All people, regardless of race, religion or culture, harmoniously living and working together into the future” Contents Introduction to Law and Business Ethics and Social Responsibility 3 Legal Dispute Resolution Process and Alternative Dispute Resolution Mechanisms 4 Business and the Constitution and Administrative Law 5 Business Crimes, Business Torts, and Product Liability 6 Contracts 7 Business Structure and Securities Regulation 8 Business Property
Words: 3472 - Pages: 14
CUSTOMERS BANK REMOTE DEPOSIT SERVICE AGREEMENT This Remote Deposit Service Agreement (“Agreement”) is incorporated by reference into the Customers Bank Cash Management Master Services Agreement to add a business remote deposit capture service (the “Service”) to your cash management services with Customers Bank. The Service allows you to make deposits to your designated business deposit accounts at Customers Bank from your place of business by using a desktop scanner to scan and convert paper
Words: 6526 - Pages: 27
