The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 12, Problem 1IS
Summary Introduction
Case summary:A company AP conducts business online with another company BD.
To find: The determinant factors for the effects of electronic documents that evidenced that the parties are in the deal.
Summary Introduction
Case summary:A company AP conducts business online with another company BD.
To find: The necessity of the signature of the parties in the online businesses.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
11. In a contract that calls for goods to be delivered, the UCC has a presumption in
favor of:
Group of answer choices
-A destination contract
-A shipment contract
-A quasi-contract
-An oral contract
15. The Uniform Commercial Code defines “good faith” as
Group of answer choices
-honesty in fact
-caveat emptor
-whatever the parties agree to
-the UCC does not define good faith
22.Ghazi has received a shipment of goods, but determined that 20% of the goods are defective. Under the Perfect Tender Rule, she can
-accept the entire order
-reject the entire order
-keep the conforming goods and return the defective ones
-all of the above.
15. What is the contra proferentem doctrine?
It is a doctrine of interpretation stating that where a term is ambiguous the judge will apply the interpretation that most closely aligns with any legislated standard
It is a doctrine of interpretation stating that where a term is ambiguous the judge will apply the interpretation that best suits the party that did not draw up the contract
It is a doctrine of interpretation stating that where a term is ambiguous the judge will apply the interpretation that best suits the party that drew up the contract
It is a doctrine of interpretation stating that where a term is ambiguous the judge will apply the interpretation that most closely aligns with the contracts of other employees at the firm
16. Why are restrictive covenant clauses controversial?
They are controversial because they allow people to create contract terms that restrict their future right to alter those same contracts
They are controversial because they allow people to create contract terms below the otherwise legislated minimum standards of work
They are controversial because they seem to pit two legitimate interest against each other: the right of trade against the right of contract
Chapter 12 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
Knowledge Booster
Similar questions
- 1. Seller and Buyer negotiate for the sale of 100 acres of land. They orally agree on a price of $100,000, one half in cash at closing and the other half 90 days after closing. Buyer sends Seller a letter in which all the terms are included and is signed by Buyer. Seller never responds. When the closing date arrives, Seller refuses to transfer title. Buyer sues. Is the agreement enforceable at law? 2. Seller and Buyer negotiate for the sale of 100 acres of land. They orally agree on a price of $100,000, with payment to be made within 10 days and the deed delivered within another 30 days. Buyer sends Seller a letter in which all these terms are included, along with a check for $100,000 that Seller deposits. Seller fails to deliver a deed, and Buyer seeks to enforce the contract. Is the contract enforceable? 3. John is president and sole shareholder of Photo, Inc. Photo, Inc. wishes to borrow money, but to do so, the bank requires John to orally guarantee to repay the loan if…arrow_forwardIn which type of Contract is there a "lack of meeting of the minds?" a) Bilateral b) Unilateral c) Fraudulent d) Oral 2. Generally where a unilateral mistake is made in a Contract, the Contract will still be enforced, except where the non-mistaken party was aware of the mistake. a) True b) False 3. A home builder misjudges the cost of the windows to be installed in the house. This is: a) Bilateral mistake leading to rescission. b) Unilateral mistake which can be corrected. c) A mathematical mistake which is correctable. d) An error of judgment, not correctable. 4. "Sign or I'll kill you" is an example of: a) Undue Influence b) Misrepresentation c) Duress d) either a or b 5. An attorney who over a period of time convinces an elderly widow to deed…arrow_forwardChoose the right answer. 2. (The law of Agency) Conflict of interest means ________________. a. Agent is interested in Principal business b. Principal is interested in Agent business c. Agent stands to compete with Principal interest d. Principal stands to compete with Agent interest 3. (Law of Contract) The agreement is _____________ if it is caused by mistake as to any law in force in Malaysia. a. voidable b. void c. valid d. illegal 4. (Law of Contract) Yan wants to borrow RM20,000 from her friend Pang and Pang agrees to lend the money if Yan agrees to pay the money to Cathy, his sister in four installments. The above situation illustrates the principle of __________. a. consideration need not move from the promisee b. part payments are valid consideration c. natural love and affection is valid consideration d. executory consideration is performed after contract is madearrow_forward
- How can I advise Justin as to any rights and liabilities that may arise in the law of contract Using the Trinidad and Tobago Unfair Contract Terms Act (UCTA) as well as answering using the IRAC method highlighting the Issues, Rules, Analysis or Application of the Rules and Conclusion.arrow_forwardPick correct option What does it mean to have primary liability on a negotiable instrument? -As soon as a party signs the instrument as a maker or accepts the instrument as a drawee, they are the first to become liable for payment. -Primary liability means that a holder in due course can collect from any party who signed the instrument.arrow_forwardDiscovery. Advance Technology Consultants, Inc.(ATC), contracted with RoadTrac, LLC, to provide software and client software systems for the products of globalpositioning satellite (GPS) technology being developed byRoadTrac. RoadTrac agreed to provide ATC with hardwarewith which ATC’s software would interface. Problems soonarose, however. ATC claimed that RoadTrac’s hardware wasdefective, making it difficult to develop the software. RoadTrac contended that its hardware was fully functional and thatATC had simply failed to provide supporting software.ATC told RoadTrac that it considered their contract terminated. RoadTrac filed a suit in a Georgia state court againstATC alleging breach of contract. During discovery, RoadTracrequested ATC’s customer lists and marketing procedures.ATC objected to providing this information because RoadTrac and ATC had become competitors in the GPS industry.Should a party to a lawsuit have to hand over its confidential business secrets as part of a…arrow_forward
- 31 - Which of the following bear only the obligations of being a trader?A) Government official who has established a commercial enterprise although it is prohibited to engage in commercial activitiesB) A pharmacist operating a pharmacy without the permission of the Ministry of Health.C) A 15-year-old person who runs a business on his behalf, even partiallyD) A 25-year-old person who runs a business on his behalf, even partiallyE) A person who acts with third parties in good faith on behalf of a company that does not exist legallyarrow_forwardSportswear manufacturers, Caribbean Premium Sportwear (CPS), signed a contract with a top Trinidadian footballer in terms of which they would pay him a substantial amount of money to wear only their brand of clothing, which they promised to provide to him free of charge. The contract does not specify the date of delivery. Answer the following questions based on the above facts: A. Two months after entering into the contract CPS has not yet delivered the clothing. Have they breached the contract? Explain in full. B. In the event of CPS being in breach of contract, advise the footballer as to the legal remedies available to him, with specific emphasis on what he has to prove in order to succeed in his claim.arrow_forwardIn which of the following situations is the agent the only liable party for the contract? Multiple Choice The agent contracts with a third party through the medium of a non-negotiable instrument. The contract expressly includes the principal in the contract. The agent contracts with a third party knowing the third party would not enter into a contract with the principal if the principal's identity were disclosed. The third party contracts with the agent that does not require the agent's performancearrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage LearningEssentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage LearningAccounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
- International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education