Legislative Make Laws
State Assembly / Senate State Laws
Federal House / Senate Federal Laws Regulations Bankruptcy
Uniform Law UCC
Note for Bailment
A bailment is the relationship created when one person (the bailor) transfers the
possession of personal property by delivery, without transfer of title, to another
(the bailee) for the accomplishment of a certain purpose, af
Note of Remedy
Remedy for the seller
1. Withhold delivery of the goods;
In cases in which the contract calls for installments, any breach of an installment
that impairs the value of the whole contract will permit the seller to withhold the
Note of Performance
Tender of delivery
Definition of Performance: Performance is the process of discharging contractual
obligations by carrying out those obligations according to the terms of contract.
Buyer: to accept and pay for confor
Note for liability
A warranty, under the Uniform Commercial Code (UCC or the Code), creates a duty
on the part of the seller that the goods she sells will conform to certain qualities,
characteristics, or conditions.
Obligations for warranty:
BUS 221 C
17 February 2016
Bill of Rights and Business
Which amendments do you think have the greatest impact on
business and why?
The Bill of Rights is a collection of amendments that effects US citizens on a
SELECTED HANDOUTS Liquidations and M&A
Overview of Liquidations
Liquidations should be viewed as follows:
First there are the tax consequences which face the corporation
that is being liquidated. This will affect the remaining assets
Internal Revenue Code
351 Transfer to corporation controlled by transferor.
(a) General rule.
No gain or loss shall be recognized if property is transferred to a corporation by one or
more persons partner corporationsolely in exchange for stock
(can you g
Form and Content
Holder in Due Course
Liabilities of Parties
Form and Content
Purpose: foster liquidity; create substitutes for cash; facilitate credit
Approach: To establish holder-in-due-course status, which enables holde
Essay: battle of form
A definite and timely acceptance is binding even though it contains terms
additional to or different from the offer unless the acceptance is conditioned on
the assent of the offeror to the additional or different
Advertising slogan: Transfer your life in one second.
TRANSFORMER Incorporated operates as a diversified investment and finance company in the
United States. Our company
Tort Law of the Peoples Republic of China
Decree of the President of the Peoples Republic of China (No. 21)
The Tort Law of the Peoples Republic of China, which was adopted at the 12th session of the Standing
Committee of the Eleventh National P
Quiz and Answers on Risk of Loss
1. Under a shipment contract when do title and risk of loss pass to the buyer?
When the seller delivers the goods to the buyer's port.
When the seller delivers the goods to the carrier.
When the seller manufact
GROUP QUIZ FOR COMMERCIAL TRANSACTIONS
Transfer of Negotiable Instruments
A check is payable to bearer. Jessica Simpson finds the check. Jessica is
a holder of the check.
not a holder of the check.
a holder of the check only if
ATY 213-01D and 213-11D (Online): Cultural Anthropology
Course Dates: Summer 2017
Instructor: Dr. Clay Stuart, JD, PhD
Email: [email protected]
Office hours: Please feel free to email me with questions or concerns at any t