Interactive Quiz for Modern-1e, Chapter 1 Chapter 1 — The Legal Environment 1. One of the oldest and most significant schools of jurisprudential thought is: a. the administrative law school. b. the environmental law school. c. the legal realists. d. the natural law school. Answers: a. Incorrect. Administrative law is a body of law consisting of the rules, orders and decisions of administrative agencies. It is not a school of jurisprudential thought
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Assignment 4 Law, Ethics, and Corporate Governance (LEG 500) November 23, 2011 by clicking on the link in the course shell. There is also a link that will allow you to print the script of the video. Betty drove three hours in one hundred degree heat. Explain if this fact has any bearing on whether or not the dealer must perform in accordance with the published advertisement. The statutes responsible of regulate advertisements are the Federal Trade Commission (FTC) and the Lanham Act
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Article II of the Uniform Commercial Code PA130- Contracts Unit 9 Carolyn Padilla Article II of the Uniform Commercial Code is for the sale of goods such as an automobile or a television. A house would be ok except it involves the sale of land which is not covered by article 2, and it also does not cover a contract between you and a fee for service contract, such as wanting an addition put on your house for example. Generally to use this code all parties must act in good faith or this
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e., remedies, damages or both? To what extent is the level and method of recovery is required? With that said, “the concept of remedies under both the UCC and CISG is to make the damaged party whole, which means putting him in the same position that he would have been in had the other party performed its contractual obligations”. However, the “UCC draws two different distinctions between types of remedies. One distinction marks the familiar divide between substitutional and specific relief. Remedies
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The UCC establishes that the seller may create an express warranty in three ways: (1) with an affirmation of fact or a promise; (2) with a description of the goods; or (3) with a sample or model. In addition, the buyer must demonstrate that what the seller said or did was the basis of the bargain. A statement is more likely to be an affirmation of fact if: • It is specific and can be proven true or false. Suppose the brochures of a home builder promise to meet “the strictest building codes.” Since
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controversies. A) True B) False 3. It is a violation of the separation of powers doctrine for State A to adopt a law identical to one adopted by State B. A) True B) False 4. Many areas of law important to businesses are governed by the Uniform Commercial Code. A) True B) False 5. A basic principle of statutory interpretation is that specific provisions in the statute are of greater weight than general provisions. A) True B) False 6. Only decisions by the United States Supreme Court
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* In your essay, be sure to cite information on warranty and UCC Article 2. For buyers who have returned a product that simply didn’t work, they have benefited from the implied warrant of merchantability. This warranty guarantees that a product sold by a merchant will work when it’s used for its intended purposes. That is what’s called an “implied warranty” meaning it exists without a need to be written or spoken. A commercial seller does not have to tell a buyer that the product is guaranteed
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to evaluate and re-evaluate the direction the Company is moving and provide effective feedback that can help make the company operate better. In this paper I will address whether or not the contracts will be governed by common law or the UCC (Uniform Commercial Code). I will also analyze whether the owner formed a contract with other businesses and apply the five essential elements of an enforceable contract. Next I will explain potential personal liability to Acme Fireworks if a spectator is injures
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consideration. A verbal contract, according to the Uniform Commercial Code- sales of specially manufactured products is legal as long as it involves merchant. Are the contracts governed by common law or the Uniform Commercial Code (UCC) Contracts involving an agency needs to have an understanding of duty and an offer in the form of compensation or the agent can work voluntarily. Contracts involving the sale of goods, governed by the Uniform Commercial code. Explain, what if a spectator is injured by
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contract, if he did state the repayment would be based off his ability? To determine where this case would go to court, it is best to understand what each source of law there is. Common Law and Uniform Commercial Code are two sources of contract law available to Kim and Son. Uniform Commercial Code or UCC is set in place to assist parties in matters of the sale of goods (SBA.gov, 2013). For instance if Kim and Son
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