BUSINESS LAW FINAL * Article 2 governs sales of goods- True * Delivering of a title- Sale * A warehouse receipt is a document that provides proof of ownership of commodities that are stored in a warehouse * Shipment contract- the seller is required or authorized to ship goods by carrier‚ such as a trucking company. The title passes to the buyer at the time and place of shipment * The risk of loss in a shipment contract passes to the buyer or lessee when the goods are delivered
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BUSINESS LAW FINAL EXAM This is a take-home exam. The exam is to be handed out on July 26‚ 2012 and returned on July 31‚ 2012 on the final exam time. The group leader will assign each group member a question and each group member will answer the question and return the answer to the group leader. The group leader will grade each member in terms of cooperation and totality of the answer. The group leader will submit a final draft on exam date (July 31‚ 2012). The final draft must be done in
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Law and Corporate Managers – Prof. Larry Franklin Question Two A. (i) For refusal In order to honor the LC‚ the Seller has to comply exactly with the terms of the letter of credit. There are numerous typo errors in the LC and misspellings of the destination port and the Seller name‚ hence only a waiver of the discrepancies from JFTC will enable Bank of China to pay the Seller. As long as the waiver is not received‚ the BOC cannot make any payments. BOC has to state why it is not going to
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The Nature of Law True / False Questions 1. The U.S. Constitution recognizes the states’ power to make law in certain areas. True False 2. Uniform acts are model statutes drafted by private bodies of lawyers and/or scholars; they become law only after legislature enacts them. True False 3. The Restatements usually state binding common law rules‚ promulgated by the American Law Institute. True False 4. Common law is a state law and hence only the state courts
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MB 300 – Exam 1 Lauren Amar Multiple Choice (0.33 point each) – Highlight the best answer. 1. The degree to which organizational tasks are subdivided into separate jobs is referred to as a. formalization. b. specialization. c. professionalism. d. centralization. 2. ____ is the degree to which an organization achieves its goals. a. Effectiveness b. Efficiency c. Organizational strategy d. Stakeholder profitability 3. ____ are used to coordinate activities between the top and bottom
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Relationship Landlord Tenant Relationship A Lease Contract arises when a property owner (Landlord) agrees to give another party (Tenant) exclusive rights to possess the property- usually for a price and for a specified term. Landlord Duties 1. Implied warranty of habitability- The premises must be fit for basic human habitation 2. Possession- A landlord is obligated to give a tenant possession of the property that the tenant has agreed to lease. Whether the landlord must provide actually
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Chapter #10 International Monetary System: Institutional arrangements that countries adopt to govern exchange rates. Floating exchange: exists when a country allows the foreign exchange market to determine the relative value of a currency. Pegged exchange rate: means the value of the currency is fixed relative to a reference currency. Fixed exchange: rate system exists when countries fix their currencies against each other. Value of the currency: is determined by market forces. The gold
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FINAL EXAM Ruth carelessly parks her car on a steep hill‚ leaving the car in neutral and failing to engage the parking brake. The car rolls down the hill‚ knocking down an electric line. The sparks from the broken line ignite a grass fire. The fire spreads until it reaches a barn one mile away. The barn houses dynamite‚ and the burning barn explodes‚ causing part of the roof to fall on and injure a passing motorist‚ Jim. Can Jim recover in negligence from Ruth? Why or why not? Negligence
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Title Course Instructor Date Women’s Progression Through Employment and Labor Laws The United States of America is known as the land of the free and home of the brave. Americans are privileged to live in a society where there are laws created and continuously enforced to ensure the protection of the citizens’ rights. Law-breakers have consequences and punished for their wrongdoings and not obeying the law. The government is expected and challenged to practice equality in all decisions
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CARIBBEAN MARITIME INSTITUTE MARITIME LAW & INTERNATIONAL CONVENTIONS MIC 602 FINAL EXAMINATION AUGUST 10‚ 2013 TIME OF EXAMINATION: 3 HOURS Answer all questions from Section A and two questions from Section B. RULES: 1. This paper is worth 50% of your final grade. 2. Books‚ texts and materials are not permitted into the examination room for any examination whatsoever. 3. No electronic devices with recorded notes permitted in examination room. 4. No cell phones are to be used
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