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Exam3_Review - 9 Initially when created a negotiable...

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1. Conventional contracts for the international sale of goods: legal offer once rejected, the offer’s gone a. If you don’t accept the offer as it’s presented, you have killed the offer (counteroffer) b. Once an offer’s refused, the legal effect is that once rejected, the offer is gone and is not an offer once rejected and only can be revived by the offeror restating the offer, which then once again is available for acceptance or rejection (counteroffer) 2. Four times of negotiable instruments (checks, notes, draft, and CD) a. Which UCC article they apply to 3. Primary sources of international law found in treaties 4. Treaties are the same thing as a convention CISG 5. Difference between a void and voidable contract 6. Quantum Meriut, Res Ipsa Loquitar, Respondeat Superior, Statute of Limitations, Parol Evidence, Statute of Frauds 7. Three types of torts 8. If you invent a product and place it in the stream of commerce for one year and a day and then seek a patent for it, there is a rule preventing you from obtaining the patent
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Unformatted text preview: 9. Initially when created a negotiable instrument is merely a written promise or order to pay a certain sum of money 10. Know what bankruptcy is 11. Divided into chapters 12. Chapter 7 is a fresh start and no debt is owed after the case is closed 13. Chapter 11 is for businesses only 14. Chapter 13 is same as 11 but only applies to natural persons 15. Chapter 12 is for family farmers 16. Know which articles define goods 17. Know which elements are required to exist in a contract 18. Trade dress 19. Lanham Act 20. Trademark 21. Copyright 22. Patents 23. Nondisclosure agreement (CA): contract which protects an idea against a unauthorized persons 24. Know what a minor can contract for 25. Know mirror image rule and mailbox rule 26. Know the difference between unilateral, bilateral, executory, executed 27. Free speech and court of equity 28. Two types of damages 29. ???...
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