The Legal Environment of Business: Text and Cases
10th Edition
ISBN: 9781337535878
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning US
expand_more
expand_more
format_list_bulleted
Question
Chapter 18, Problem 1CT
Summary Introduction
Case s ummary : Company DM entered into a contract with company P to sell certain products. Company DM promised to ship the goods to the place of business of company P. Company P refused to make the payment for some of the goods. Company DM filed a suit against P for the breach of contract. The company claimed that DM didn’t obtain a certificate of authority. P claimed that DM had no right to sue in the state court.
To find: The reason for which company P can be permitted to go away without paying the debt of company DM.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
5.
The role of the judicial authority is to
A) Set the law
B) Execute the law
C) Apply the law to settle disputes
D) Amend the law
A sale contract organized by the notary public is considered a(n)
A) Unilateral
wa zeonlaul of noitsubortal - 00
noltnulima
mmobiM
B) Simple
C) Formal
D) One-sided
Law of contract is about
A) Enforcement of promises
B) Underestimating juristic persons
C) Imposing finesuolinninrézá
D) Calculating profits
contract.
Differentiate devisee and legatee.
The sale or transfer of a partner's transferable interest is a(n)
act of the partner.
Multiple Choice
involuntary
state-mandated
voluntary
federally mandated
Chapter 18 Solutions
The Legal Environment of Business: Text and Cases
Knowledge Booster
Similar questions
- For the scenario below, determine the legality of the company's actions. Lilcorp manufactures budget speaker systems for Bigcorp. It arranges an agreement wherein Bigcorp may not charge more than $300 for a speaker system. Strictly illegal Legal Illegal, depending on impactarrow_forward7 - Intellectual Property includes only intangible products of the human mind. TrueFalsearrow_forwardwhich of the following is considered an Unfair Trade Practice under Florida law? A) Abandonment B) Coercion C) Consequential Damage D) Waiverarrow_forward
- 11. 12. 13. Joint and several liability of the co-debtors is applied in_ A) Commercial acts B) Civil acts C) Both commercial and civil acts D) Mixed acts Commerce carried out between individuals or companies in states which are foreign to each other is known as A) Internal Commerce B) E-Commerce C) Business-to-business commerce D) International Commerce Rawad (a merchant) bought a car for his daughter, this activity is considered A) Commercial activity B) Civil activity C) Mixed activity D) Financial activityarrow_forwardCase Brief for Leonard v PepsiCoarrow_forwardWhat is the significance of a proxy statement in corporate law?arrow_forward
- 19) The Elle Corporation manufactures fingernail polish. Suzy buys a container of Elle's fingernail polish, applies it to her nails, and suffers a severe allergic reaction. She sues Elle under the implied warranty of merchantability, The test for determining whether Suzy will recover is whether: A) the nail polish she bought was suitable for the needs of the average consumer. B) the nail polish she bought properly performed its function of coloring one's nails. C) such a reaction in an appreciable number of consumers was reasonably foreseeable. D) the ingredient causing the reaction was foreign to the nail polish or natural to it. nating one model, Bobby noticesarrow_forwardOn a beautiful Saturday in October, Francie decides to take the twenty-mile ride from her home in New Jersey into New York City to do some shopping. Francie finds that Brown’s Retail Sales, Inc., has a terrific sale on televisions and decides to surprise her husband with a new high-definition television. She purchases the set from Brown’s on her VISA card for $1,450. When the set is delivered, Francie discovers that it does not work. Brown’s refuses to repair or replace it or to credit Francie’s account. Francie therefore refuses to pay VISA for the television. VISA brings a suit against Francie. Will VISA prevail? Why or why not?arrow_forwardIn October 2015, Dani established a business concern to sell perfumes from different international brands, Chanel, Dior, Hermes, etc. After two years, he became the exclusive distributor of "Big Star" Company's products. Due to Covid-19 spread, the number of products distributed decreased, so "Big Star" Company cancelled the contract with Dani. He requested compensation from the court. Calculating the compensation due to the commercial representative will take into consideration the: O Number of employees O Period of representation O Number of mangers O Court nationalityarrow_forward
- BUSINESS LAW EXPERT PLS ATTAIN THIS 1. An offer to contract was made to you by email. You decided to accept that offer and replied by email stating your acceptance. When is the acceptance validly communicated? 2. P entered into a 10-year lease of a warehouse. Thereafter, the local authority closed the only street access to the warehouse because of a dangerous building. The street was to be re-opened after the dangerous building was demolished. Discuss whether P could refuse to pay rent and have the contract set aside on the basis of frustration.arrow_forwardWhat are covenants not to compete? How do courts decide on the legality of these covenants?arrow_forwardRegarding legality, the first right granted to minors in contract law cases is the right to dis-affirm. How would you "standardize or structure" the following rule of law regarding dis-affirming for minors? In its current state, it appears to be clear as mud! "Dis-affirming occurs when the minor states, either in a verbal declaration or by their actions, that they no longer intend to be bound by the terms of the contract to which they are a party. Upon reaching the age of majority, the minor may choose to disaffirm the contract they were entered into while in the minority. If they do not disaffirm the contract within a reasonable period of time, they are considered to have ratified the contract."arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
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