November 25, 2012
Chapters 27 & 28
1) What is real property? What is personal property?
Real property is the land and everything permanently attached to it, while everything
else is personal property. Personal property can be ta
November 18, 2012
Chapters 25 & 26
What are the duties of corporate directors and officers?
The duties of corporate directors and officers are duty of care, duty to make informed
and reasonable decisions, and duty to exercise
October 19, 2012
Chapters 13, 14, 15
What is a merchants firm offer?
A merchants firm offer is when a merchant-offeror gives assurances in a signed writing
that the offer will remain open. It is irrevocable without the necess
October 25, 2012
Chapters 21 & 22
What is the difference between an employee and an independent contractor?
The difference between an employee and an independent contractor is that an employer
does not have any control over t
September 16, 2012
Chapters 7, 8, and 9
What are the four basic elements necessary to the formation of a valid contract?
The four basic elements necessary to the formation of a valid contract are: agreement,
September 5, 2012
Chapters 1, 2 and 3
Issue The issue presented is whether or not the governments appeal that they can charge
David Hall with the federal offense of failing to register as a sex offender while he moved from
New York to
September 22, 2012
Chapters 10, 11, 12
In what types of situations might voluntary consent to a contracts terms be lacking?
Voluntary consent to a contracts terms may be lacking because of mistake, fraudulent
September 8, 2012
Chapters 4, 5 and 6
Issue Is Shannon liable for the tort of negligence because she took pain medicine and then
drove a car after her doctor told her not to.
Rule of Law When deciding if Shannon is liable, the court c
November 30, 2012
Chapter 29 Questions
1. What is an insurable interest? When must an insurable interest exist at the time the
insurance policy is obtained, at the time of loss, or both?
An insurable interest exists when the insured derive
November 4, 2012
Chapters 23 & 24
What is meant by joint and several liability? Why is this often considered to be a
disadvantage of doing business as a general partnership?
Joint and several liability means that a third part