This quiz is closed book and closed notes. You will bring your answer to class with you on Thursday,
November 14th and hand in at the beginning of the class. Both parties names should be at the top of
the page. By putting your name on the document submitt
Business Law 4203
J. S. Fargason
Lee D. & Cynthia C. Bloch Distinguished Prof.
Office:
LSU Phone:
Cell Phone:
Email:
Room 2602, Suite D
2255786220
2252051234
fargason@lsu.edu
Text Books:
Wests Business Law by Clarkson, Miller, Jentz, & Cross (12th Edi
UCC2Sale and lease of goods
Chapter 19
Statutory law based on Uniform Commercial Code UCC (facilitate commercial transactions)
o CISG: international sales contracts applied only when a nation has adopted it
UCC Article 2 (Sales)
 Sales governed by Artic
Chapter 20: Title, risk, and insurable interest
Section 1: Identificationspecific goods designated as subject matter of a sales/lease contract
o Title and risk of loss cannot pass to buyer unless goods are identified to the
contract (give buyer/lessee the
Chapter 19Formation of contracts for the sale and lease of goods

Statutory law: governing sales and lease transactions (contracts)
o Based on the Uniform Commercial Code UCC
Adopted as law by all states (apply only to the extent that it has been
adopte
Hoa Dieu Nguyen
Fan Wang (teammate)
Quiz 5
1. Day 54 (entire inventory excluding Pallet A)
Creditors
Status
Ranking
Bank A
US+UP
4
Bank B
S+P (PMSI)
1
Bank C
S+P
3
Bank D
S+P (PMSI)
2
Bank E
US+UP
5
2. Day 80 (just Pallet A)
Creditors
Status
Bank A
S+P
Ba
UCC2Sale and lease of goods
Chapter 19Formation of contracts for the sale and lease of goods
 Statutory law: governing sales/lease contracts
o Based on the Uniform Commercial Code UCC
Adopted by all states
Article 1 on General Provisions: set forth de
Chapter 27: Checks and Banking
Section 1
 Check: type of draft drawn on a bank, ordering the bank to pay money on demand
o Bank: savings bank, savings and loan association, credit union or trust company
o If nonbank institution (brokerage firm) handles a
Chapter 26: Liability, defenses, and discharge
Section 1: Signature liability
 Signature: any name, word, mark, or symbol executed with the present intention to
authenticate writing, can be made manually or by use of any device or machine
 Every party,
Chapter 25: Transferability and Holder in Due Course
Section 1: Negotiationtransfer of an instrument in such form that the transferee becomes a
holder (2 methods for order instrument or bearer instrument)
 Order instrument contains the name of a payee ca
Chapter 24
Section 1
Negotiable instrument (commercial paper): signed writing (record) that contains an
unconditional promise or order to pay an exact amount, either on demand or at specific time
o 4 typesdrafts, checks, notes, CDs; divided into orders to
Chapter 1
Adam Smithcanons of taxation: Equality (proportional), Economy (cost), Convenience
(easily assessed/collected), Certainty (predictable)
 1861: Adopted income taxation to finance Civil War
 1894: Individuals income tax enacted (Pollock v. Farme
Chapter 1
Adam Smithcanons of taxation: Equality (proportional), Economy (cost), Convenience
(easily assessed/collected), Certainty (predictable)
 1861: Adopted income taxation to finance Civil War
 1894: Individuals income tax enacted (Pollock v. Farme
Chapter 23 Sources of Tax Law
Statutory
o Internal Revenue Codecodified Federal Tax Law 1939, 1954, 1986
o 2(a)(1)(A): = section, 2 = section number, (a) = subsection, (1) = paragraph,
(A) = subparagraph
o Figure 2.1: Legislative process for Tax bills
Co
Required Text: Individual Income Tax 2013, Hoffman, Smith; ISBN: 9781133543060
9/18
W
1: An Introduction to Taxation and Understanding the
Federal Tax Law
2: Working with the Tax Law
3: Gross Income: Inclusions and Exclusions (Omit Appendix)
Exam 1 (Chapt
Chapter 2
Three Sources of Tax Law
 Statutory
o Internal Revenue Codecodification of Federal Tax Law 1939, 1954, 1986
o Example of Code Citation: 2(a)(1)(A)
= Abbreviation for Section
2 = section number
(a) = subsection
(1) = paragraph designation
(
Chapter 1
History of US Taxation
 1861: Federal adopted income taxation to finance Civil War (broad exemptions/low rate)
 1894: Federal income tax on individuals enacted
o Pollock v. Farmers Loan and Trust Co.: unapportioned income taxes on interest,
di
Chapter 3
Tax formula
 Income (broadly conceived and include all taxpayers income, both taxable/nontaxable)
not include a return of capital or receipt of borrowed funds
Exhibit 3.1: Partial list of Exclusions from Gross Income
 Gross income (except ex
Chapter 1
I. History of Taxation
* 1861:
* 1894:
* 1909:
* 1913:
II. Criteria for Evaluating a Tax Structure
* Adam Smith canons of taxation
* Equality
* Convenience
* Certainty
* Economy
III. Tax Structure
* Tax base:
* Tax rates:
* Incidence of tax:
*
Chapter 22: Warranties and product liability
Section 1: Types of warranties
Warranties of title: automatically applied, seller can disclaim these title warranties only by
including specific language
 Good title: sellers warrant that they have goods and v
Chapter 24
Section 1
Negotiable instrument (commercial paper): signed writing (record) that contains an
unconditional promise or order to pay an exact amount, either on demand or at specific time
o 4 typesdrafts, checks, notes, CDs; divided into orders to

Chapter 21: Performance and breach of sales and lease contracts
Parties may be bound not only by terms they expressly agreed on, but also by terms
implied by custom (customary method of weighing or measuring particular goods)
Remedies under UCC are cumu
1
EE 76001
Homework 5
Due: April 5, 2012
1) Consider a binary (n, k ) cyclic code C generated by g (x). Let
g (x) = xnk g (x1 )
be the reciprocal polynomial of g (x).
a) Show that g (x) also generates an (n, k ) cyclic code.
b) Let C denote the code gene
EE 387
ErrorCorrecting Codes
May 3, 2006
Handout #27
Homework #5
Due: Wednesday, May 10
1. Arithmetic in GF(42 ). The eld GF(16) can be represented as polynomials over GF(4) modulo
the prime polynomial x2 + x + , where is in GF(4). The operation tables f
1
EE 76001
Homework 3
Due Feb 27, 2012
1) Let C1 be an (n1 , k ) linear systematic code with minimum distance d1 and generator matrix
G1 = [P1 Ik ]. Let C2 be an (n2 , k ) linear systematic code with minimum distance d2 and
generator matrix G2 = [P2 Ik ]
1
EE 7640
1)
2)
3)
4)
5)
6)
7)
Problem Set #6
Due 5/4/2012
Problem 11.4 of textbook.
Problem 11.6 of textbook.
Problem 11.16 of textbook.
Problem 11.16 of textbook.
Problem 12.2 of textbook.
Problem 12.3 of textbook.
The encoder for a convolutional code i
1
EE 76001
Homework 2
Due Feb 17, 2012
1) Construct a table of GF (25 ) based on the primitive polynomial p(x) = x5 + x2 + 1. Let
be a primitive element of GF (25 ). Find the minimal polynomials for 3 and 7 .
2) Consider the polynomial p(x) = x2 2 over
1
EE 7600
Homework 2
Due Oct. 2, 2013
1) Let be a primitive element of GF (24 ) with the table that we described in class. Solve
the following system of equations for X, Y and Z .
X + 5 Y + Z = 1,
X + Y + 7 Z = 13 ,
2 X + Y + 6 Z = 5 .
2) Let be an elemen
1
EE 76001
Homework 4
Due: March 23, 2012
1) Consider the Galois eld GF (24 ) generated using the primitive polynomial p(x) = x4 +
x + 1.
a) The element = 7 is used to generate a doubleerrorcorrecting primitive BCH
code over GF (2).
i) Determine the ou
1
EE 76001
Homework 1
Due Feb 3, 2012
1) Consider an (n, k ) block code C over Fp . This code is used over the discrete memoryless
erasure channel with input alphabet AU = Fp and output alphabet AV = Fp cfw_? where
? is the erasure symbol. The code has m