with language warning that this intellectual property (“I.P.”) could not be exported. These books‚ originally published and sold in Asia for less money than charged purchasers in the U.S.A.‚ by various publishers‚ were then resold by Kirtsaeng’s business‚ Bluechristine99‚ through sales’ vehicles such as the internet resale function of eBay.com. It was a common practice for publishers to manufacture cheaper books offshore and to sell these products in international markets at a lower price point than
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BUSINESS LAW EXAM1 1. One rule that emerges from the social contract is that people should never make unsupported judgments about one another but should instead always investigate the facts in an effort to uncover the truth about the character of a person or the nature of a situation. 2. utility thinking. 3. there are no objective or absolute standards of right and wrong. 4. utility thinking. 5. ethics. 6. If the social contract disintegrates‚ society would return to a "state
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Contract There are different elements of a contract that you must take into account when entering one. The following will give an understanding of these and explain their importance. Capacity There are four essential elements that affect contract law. The first of these is capacity. This element states that parties in agreement with a contract must have the legal capacity to enter into that contract. There are factors that affect the capacity of a party that either does not give them capacity or
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Business law and ethics Ref book: Commercial law and Industrial law
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Business Law II Test/Chapters 47-50 Student: ___________________________________________________________________________ 1. Identify the letter of the choice that best completes the statement or answers the question. The Department of Homeland Security: A. has been proposed but has never been created. B. is a non-profit organization. C. is a Cabinet-level Department. D. will have little effect on the federal government’s organization. 2. Which of the following is an accurate statement about the
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contract who is of age of majority according to law to which he is subject‚ and who is of sound mind‚ and is not disqualified from contracting by any law to which he is subject.” It means that the following three categories of persons are not competent to contract. 1. A person who has not attained the age of majority‚ i.e.‚ one who is minor. 2. A person who is of unsound mind 3. A person who has been disqualified from contracting by some law. Although the above mentioned categories of
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Question (a) Identify the principle of law The principles of law relevant to this question are the doctrines of intention and consideration. Explain the rules of law The doctrine of intention is an undertaking by both sides of an agreement to be legally bound either by an informal agreement such as verbal intention to purchase or act‚ or a written document stating intention to purchase or act‚ which could be in the form of a letter or a written statement as compared to a formal agreement
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Business Law and ethics Subject: The objective of this report is to highlight the importance and need of ethics‚ ethical leadership and organisation behaviour. The report is based on the speech of Michael Hackworth. Leadership in fairness and honesty makes good business sense. Organisation behaviours‚ culture‚ values‚ management style and ethics‚ all of them make a combination on which company success and failure depends. Every company in the world start by stating the mission‚ objectives
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Business Law I Assignment 3 Spring Term B BU 206-8A Instructor Problem 8-1 page 232 1). Consideration. Daniel‚ a recent college graduate‚ is on his way home for the Christmas holidays from his new job. He gets caught in a snowstorm and is taken in by an elderly couple‚ who provide him with food and shelter. After the snowplows have cleared the road‚ Daniel proceeds home. Daniel’s father‚ Fred‚ is most appreciative of the elderly couple’s action and in a letter promises to pay them $500
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Luis Armendia October 3‚ 2004 BUSINESS LAW UNIT ONE AND TWO QUESTIONS 1-4. Which source of law takes priority in the following situations‚ and why? a) A federal statute conflicts with the U.S. Constitution. A. CONSTITUTONAL LAW. Article VI‚ the Constitution is the supreme law; a law in violation of the Constitution will be declared unconstitutional and won’t be enforced. b) A federal statute conflicts with a state constitutional provision. A. STATUTORY LAW. A federal statute applies to all
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