ependent principle" is a general rule of law that states that the letter of credit is inde between buyer and seller.
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- Co-branding is ________. A) the process of selling a famous brand to a third party B) an agreement to produce and market another company's product C) a legal protection given to owners for exclusive rights to the use of brands D) a method of testing and evaluating a new product E) a partnershipWhich of the following is the most common form of fraudulent register disbursement? a. Removing merchandise from the stockroom before it has been sold b. Disguising borrowed merchandise as a sale and later returning it for a refund c. Refunding a completely non-existent sale d. Refunding merchandise for more than it is worth and pocketing the differencewhich is wrong The IPO tax applies only to the initial public offering of a closely held corporation. A sale is not subject to stock transaction tax if the shares were not listed and sold through the Philippine Stock Exchange (PSE). The sale, barter or exchange, including block sale, of listed stocks through the Philippine Stock Exchange (domestic or foreign stocks), other than by dealers in securities, is subject to a tax of 60% of 1% (6/10 of 1%) based on gross selling price. The sale, barter or exchange, including block sale, of listed stocks through the Philippine Stock Exchange (domestic or foreign stocks), other than by dealers in securities, is subject to a tax of 50% of 1% (5/10 of 1%) based on gross selling price.
- Negotiating bearer instruments requires both indorsement and delivery because the use of bearer instruments involves more risk through loss or theft. True FalsePasuman was entitled to a car as part of his promotion package. He went shopping and saw a car he liked in the showroom of JK Motors but since that was the first stop, he needed to check other showrooms so he asked the sales representative to put the car aside till the next day. Pasuman could not find a better car in all the other showrooms visited, and on his way to the office found Seyram driving the car he had reserved at JK Motors. He quickly went to JK Motors to demand the car but was told it had been sold. Advise Pasuman as to whether he can sue.Ben writes to Phil offering to sell him a container of bicycles. In his letter of offer he states that he wants a written acceptance. Phil receives the letter and immediately telephones Ben to advise of his acceptance. Ben then withdraws his offer. Which of the follow statements is correct? Ben must sell Phil the bicycles because telephone is merely a faster form of communicating acceptance Ben must sell Phil the bicycles because he has accepted the offer unconditionally Ben is not required to sell Phil the bicycles because the acceptance was not in the prescribed manner Ben is not required to sell Phil the bicycles because his offer lacked the requisite legal intention
- Which of the following is true about brand collateral? Any person or group can use the trademarked brand collateral. A product logo is the same as a product trademark. The FTC requires all companies to have a clear logo. A product package should promote the product as well as protect it.:Unsolicited Merchandise: Are there certain circumstances in which a person receiving unsolicited merchandise should be required to return the merchandise to the sender if he or she does not wish to purchase it? What are some of the reasons that the federal government might wish to make no exceptions to the rule freeing consumers of any liability for failing to return unsolicited merchandise?The Case: Ben purchased a used Laptop from Smart store during the sales period. He asked the salesperson, Rodny, if the Laptop had ever been damaged. Rodny (the salesperson) had never seen the Laptop before that morning and knew nothing of its history but quickly answered Ben’s question by stating: ‘No. It has never been damaged’. In fact, the Laptop had been seriously damaged previously and, although repaired and bought during the sales, it was worth much less than the value Ben had paid. When Ben learned the truth, he wanted to return the Laptop. Smart store replied that he cannot do that because they have a legally binding agreement and as per the agreement the items purchased during the sales cannot be returned. Questions: A) Does the behavior of the salesperson, Rodny, constitute deception? If it constitutes deception please precise which type of deception and explain in detail all the elements of the type of deception selected. B) Decide, based on the analysis made under…
- businesses know many do not read the fine print, at what point should fine print be disallowed, and should be "sold as is" in the fine print be allowed?Daniel is the listing broker for a seller. After marketing the property for several weeks, he still has not received any offers on the property. The seller then advises Daniel to advertise specifically to Hispanic buyers since the seller believes Hispanic buyers are likely to purchase more quickly using all-cash. How should Daniel proceed? Group of choice O. Daniel should immediately withdraw from the listing agreement. O. Daniel must explain to the seller that advertising specifically to Hispanic buyers is a violation of the federal fair housing laws and not follow through with the seller's instructions. O. Daniel must adhere to his fiduciary duty of obedience and follow through with the seller's instructions. O. Daniel should explain to the seller that this is unethical but still proceed with the seller's instructions.Does the mere act of sending the clock to Bryan mean that Mr. McEnroe is anunethical salesperson?