The McDonald’s logo (the Golden Arches) is a symbol that distinguishes McDonald’s from other businesses, and McDonald’s has the exclusive right to use that symbol, because that symbol is a ______________.
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Piney Woods Pops is a company that sells popsicles that have…
Piney Woods Pops is a company that sells popsicles that have (popsicle) sticks made from East Texas pine trees. It is registered as a Texas corporation. Is it subject to double taxation?
Hayden asks Greg to execute a contract with Barry on Hayden’…
Hayden asks Greg to execute a contract with Barry on Hayden’s behalf. Greg does so, per Hayden’s instructions. Which of the following is true?
Whitt and Jamie open a home-decorating business. Each can ta…
Whitt and Jamie open a home-decorating business. Each can take part in operating the business. They agree to share in any profits equally. They file a formation document with their state that registers their business as one that limits/caps their business’s liability at the amount of the assets that the business has, and states that each will be own a membership interest in the business. Which type of business do Whitt and Jamie have?
Kenny needs a new guitar to play. Garth, a merchant seller o…
Kenny needs a new guitar to play. Garth, a merchant seller of guitars, tells Kenny that he “cannot say enough great things” about the guitar that Kenny is trying out on the guitar-store floor. Kenny loves the way it feels and plays, but he wants a different color and asked if they have his preferred color in stock. They do, and Garth brings the guitar out from the stock room. Garth tells Kenny that the guitar is “as fine of a guitar as I have ever sold.” Kenny decides to buy. Which is true?
A judge believes the negotiations that led to the contract b…
A judge believes the negotiations that led to the contract between Lou and Pilar were totally fair to each party. She also believes the terms in the contract are shockingly unfair to Pilar, that the terms are not ones she (the judge) can allow to remain. In the judge’s view, then, which is/are present?
Mars orders a non-customized good from Lars. The contract is…
Mars orders a non-customized good from Lars. The contract is for the good and service, so it’s a mixed/hybrid sale. The predominant purpose of the transaction is the furnishing of a service. Mars sues Lars because he is unhappy with the good, not the service. Which is true?
Phil agrees to paint Jason’s house for $5,000. Halfway throu…
Phil agrees to paint Jason’s house for $5,000. Halfway through the job, Phil offers to paint Jason’s shed for an additional $2,000. Regarding the extra $2,000, which is true?
Ira created a new machine, the very first of its kind. In or…
Ira created a new machine, the very first of its kind. In order to be granted exclusive rights to his/her invention, Ira would apply for a _______ from a/the ________.
On Monday, Bill promises Ted that he will pay Ted $100 if Te…
On Monday, Bill promises Ted that he will pay Ted $100 if Ted mows his lawn the following Thursday. Thus, their contract is ___________.