CJ and Danny have incorporated and obtained a $100,000 loan in their corporate name. The loan is payable with interest over five years. After paying on the loan regularly for two years, the business falters due to the economy, and CJ and Danny default on the loan. Their business has no assets. Which of the following statements best describes CJ and Danny's liability in this case?
Under Title VII, an employee alleging illegal discrimination has the right to file a complaint with the:
A) Equal Employment Opportunity Commission (EEOC)
Twenty years after you leave college you are rich and famous. Your college calls on you for a $5 million gift to renovate a classroom building and name the building in your honor. You tell them you will be glad to give the gift because you learned so much and that is why you are successful. A year later the building is renovated and the college asks for the money. You decide to spend it on a new
Bette backs out of City Parking Garage, colliding with Dill's car. Dill may recover $7,500 to cover the cost of the repairs if Bette failed to act as
A) a blameless person
A ________ exists when the incorporators fail in some material respect to comply with all the mandatory provisions of the incorporation statute yet comply with most mandatory provisions.
Jill Homeowner contracts with Ralph Roofer for Ralph to reshingle Jill's roof. Midway through the job, Ralph says that he cannot finish unless Jill promises to pay him an additional $500. There is no real basis for this demand; Ralph just wants more money. Even though she could have gotten one of six other roofers to finish the job at a reasonable price, Jill gives in and promises to pay the $500, after which Ralph completes the job. Later, Jill refuses to pay the additional $500, and Ralph sues her. Jill defends on the basis of duress. What are the chances of this defense working?
River City Building Supply contracts with Mango Janitorial for their services, but has little control over how the janitorial services are performed. Mango Janitorial is most likely an independent contractor
Alpha Inc. announces a new computer operating system to be marketed under the name McSoftware. McDonald’s Corp. asserts that the use of this name infringes on the McDonald’s family of trademarks characterized by the prefix “Mc” attached to a generic term. Alpha responds that “Mc” has come into generic use as a prefix and therefore McDonald’s has no trademark rights to the prefix. Alpha files an action, seeking a judgment that the mark McSoftware does not infringe on McDonald’s trademarks. What factors will the court consider in deciding this issue? What will be the probable outcome of the case? Explain.
Chair Company contracts to deliver a dozen suites of dining room tables and chairs to Furniture Store on May 1. On April 15, Chair tells Furniture that delivery will be delayed until June 1. Furniture may
Ross Pharmaceuticals manufactured a cold remedy that could be addictive. The product label did not carry any warnings about its use. Has Ross violated the law?
According to Article 2 of the Uniform Commercial Code (UCC), a sales contract can be created in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of a contract.
A department store clerk learns that her employer has placed a hidden video camera in the employee changing room. If she sues, the claim would most likely be for:
Al owes Tracy $500, due June 1 . Al, Tracy, and Ted mutually agree that Ted will pay Tracy instead of paying Al the money Ted owes Al. Such an agreement is an example of:
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