1) Friedman said, "There is no such thing as a(n) _ _
anymore." First, fill-in the blank. Then explain using the
textbook and video?
Thomas Friedman stated, there is no such thing as an American job
anymore. This all starts with outsourcing, which is, the
China has officially joined the WTO in November 2001, and trade and foreign
investment have been growing day by day. After joining the WTO tariffs in products have
been reduced, also market access to numerous industries has been a successful. In th
Garth's Imports sold a car to Wally on credit for $30,000. Garth assigned to Cassandra all of his rights
to receive money from Wally. Cassandra did not inform Wally of the assignment. Therefore, Wally
continued to make the next three payments directly to
Johann, a well-known musician, agrees to give ten guitar lessons to Elton for $2,000. Nothing in the
contract itself prohibits a delegation. If Johann delegates his obligation to Eugene, a second-year
musical student and enthusiastic guitar player, then t
Walt borrows money from the Third Bank to buy a new car. Several months later, he sells his car to
Anita, who agrees to pay the bank loan. Which statement is correct?
The bank is an intended third-party beneficiary.
1. Mark Milbank built custom furniture in Port Chester, New York. His business was unsuccessful, and
he repeatedly borrowed money from his wife and her father. He promised that the loans would enable
him to spend more t
AGENCY: THE INSIDE
1. A broker owes his principal a duty to exercise due care and to act in good faith. Gregory violated this
duty when he failed even to follow Bache's own procedures. He was liable to Mrs. Thropp. Th
Notice Concerning Article 9 Revision: The following cases and problems were decided under the
former Article 9. In each instance, the outcome would be the same under the revised code, although the
WARRANTIES AND PRODUCT
1. CPA QUESTION Vick bought a used boat from Ocean Marina that disclaimed any and all
warranties. Ocean was unaware the boat had been stolen from Kidd. Vick surrendered it to Kidd
when confronted w
OWNERSHIP AND RISK
1. CPA QUESTION On Monday, Wolfe paid Aston Co., a furniture retailer, $500 for a table. On
Thursday, Aston notified Wolfe that the table was ready to be picked up. On Saturday, while Aston
was still in possessi
1. Intercontinental Metals Corp. (IMC) contracted with the accounting firm of Cherry, Bekaert &
Holland to perform an audit. Cherry issued its opinion about IMC, giving all copies of its report
directly to the compan
Link negligently ran his car into John causing $50,000 in injuries. Link was intoxicated at the
time of the accident. Can Link discharge this debt in bankruptcy?
No, because such claims are not dischargeable in bankruptcy.
Kathleen filed for voluntary bankruptcy and the automatic stay went into effect. The
stops any and all acts to collect, assess, or recover a claim against Kathleen that arose before she filed
Mark's business was in financial trouble. Six months prior to filing bankruptcy he transferred
some assets to his brother's corporation in exchange for some stock to be issued after bankruptcy. The
can recover the assets as a frau
Jessica was a former employee of Mark. When potential employers called Mark for a
r eference about Jessica, he stated she was not a very good worker, that she had been
f ired for excessive absences, and that he believed Jessica was perhaps on drugs, but h
M ark was refused employment at a Christian Bookstore because he was not a
"born-again Christian." If Mark brings a Title VI I action against the bookstore, its best
defense would be:
being a "born-again Christian" is a bona fide occupatio
Andy's business is not able to pay its debts and does not see any way things will get better.
Andy decides not to continue the business. In this case Andy should file a voluntary petition for which
type of bankruptcy.
Roxanne was fired from her job when her employer instituted a new policy that prohibited employees
from smoking cigarettes. This requirement applied to off-duty time as well as job-related time.
Roxanne, who could not quit smoking, claimed she was wrongfu
Maude was denied employment with Trucks R Us as a warehouse worker because she didn't meet the
weight requirement of 160 pounds. Trucks argued the weight requirement was reasonable because
warehouse workers often have to lift things weighing up to 100 pou
Megan was employed by a large company. Her supervisor told her to falsify government reports. She
refused and was fired. She sued for wrongful discharge. Her employer claimed since Megan was an
at-will employee, she had no legal right to claim it was liab