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
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
[email protected]
Text Books:
Wests Bus
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 ado
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 good
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 s
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
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 al
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 comp
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 manu
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 instrum
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
Chapter 1
Adam Smithcanons of taxation: Equality (proportional), Economy (cost), Convenience
(easily assessed/collected), Certainty (predictable)
 1861: Adopted income taxation to finance Civil War

Chapter 1
Adam Smithcanons of taxation: Equality (proportional), Economy (cost), Convenience
(easily assessed/collected), Certainty (predictable)
 1861: Adopted income taxation to finance Civil War

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:
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 n
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 an
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
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 St
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

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

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
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 generate
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 polynomi
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
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 1
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
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 +
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 doubleerrorcorrect
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 =