Author: Anonymous

In an insurance contract, the payment of consideration is called a(n) _____.

Which of the following is not an organic nutrient (CHOOSE ALL THAT APPLY)

Which of the following are types of implied warranties.

The Clayton Act has criminal penalties for violations of the act.

A commercial manufacturer is strictly liable for any physical harm caused to a consumer of its products even if it has been modified by a distributor.

A partnership is the association of two or more persons to carry on as co-owners a business for profit

Please describe the different types of conditions that may appear in a contract, and how each type of condition effects present duties.   Also, describe fully one method other than performance or occurrence of a condition that will lead to a discharge of a duty.

John and Jane begin bargaining over the purchase of a printing press.   John tells Jane that he can sell her a new printing press for $1.5 MM, which includes delivery and installation. John also includes a full warranty for 5 years. Jane purchases the machine with cash. John delivers and installs the printing press.  In year 3, the machine jams.  Jane contacts John.  John tells her the failure is due to an internal bushing.  If she removes the bushing and sends it to him, he will send her a new bushing that she can install in the machine.    Jane has her mechanics attempt to remove the bushing and send it to John.  They discover there are many aftermarket parts in the assembly, and removing the bushing would require skilled technicians.  Please thoroughly discuss all of Jane’s options related to any recourse she has against John pursuant to the contract and applicable law.

What are the criteria you should use to choose the legal form of business? (YOUR ANSWER SHOULD BE BASED ON OUR LECTURES AND NOT AN EXTERNAL SOURCE)

A business may be liable for a tort even if they have taken all reasonable precautions.