Category: Uncategorized

Akeno, an employee of VTax, is hired as a sales representati…

Akeno, an employee of VTax, is hired as a sales representative. In his role, he is given the authority to negotiate and finalize sales contracts on behalf of VTax. One day, Akeno signs a contract with a supplier that offers him a personal commission, which he does not disclose to VTax. Akeno has most likely violated the duty of [BLANK-1]. Fill-in-the-Blank Instructions: Your answer must be one- or two-word legal terminology only. Do not write full sentences or explanations. Longer responses are difficult for the software to grade and will not receive credit.

 Mia is the Chief Financial Officer (CFO) of Zarina Products…

 Mia is the Chief Financial Officer (CFO) of Zarina Products, Inc., a public company that makes fashion jewelry. She bought 500 shares of her company’s stock on February 23, 2017. Two months later, she learned that the company was in deep financial trouble and that their auditing firm found errors in her accounting. Soon, the stock value started to go down. Mia told her partner, Alexa, to sell her shares of Zarina before they lose too much money. Alexa called her broker at Bank of America and told him to sell her shares of Zarina. When the broker asked why, Alexa told him that her partner, the CFO, instructed her to do so in her best interest. The broker, who also owned shares of Zarina, started to unload his shares as well. Which of the following statements is not true?

Carlos walks into a used car dealership and buys a car from…

Carlos walks into a used car dealership and buys a car from Mia, a salesperson. Mia answers his questions, negotiates the price, and finalizes the sale on behalf of the dealership. Carlos later claims Mia was acting as his agent and that she breached her duties by not warning him about the car’s accident history. Which of the following is most accurate?

A tourist signs a waiver before participating in a rock-clim…

A tourist signs a waiver before participating in a rock-climbing lesson at RCB. While waiting at the base of the mountain, a car veers off the road and injures the tourist. The tourist sues RCB for negligence. RCB argues assumption of risk. Which is most accurate?

Nathan sold his landscaping business in Rose Valley to Simon…

Nathan sold his landscaping business in Rose Valley to Simone and signed a contract agreeing not to start a competing business within 7 miles of Rose Valley for six months. After two months in another city, Nathan moves back and starts offering landscaping services just a few blocks from Simone’s business. Simone sues to stop him. What is the most likely legal result?

Eli signs a contract with a storage company that includes de…

Eli signs a contract with a storage company that includes dense, fine-print language and no opportunity to negotiate. Buried in the terms is a clause stating that if Eli misses one payment, the company can seize and sell all of his stored property without notice. If a court refuses to enforce the contract it is because the court is applying the doctrine of [BLANK-1] Fill-in-the-Blank Instructions: Your answer must be one- or two-word legal terminology only. Do not write full sentences or explanations. Longer responses are difficult for the software to grade and will not receive credit.