Lenb - Study guides, Class notes & Summaries

Which of the following is an accurate statement regarding a minor's right to disaffirm a contract? - ️️A minor has the right to disaffirm a contract until a reasonable time after reaching the age of majority. Married _______ were historical considered to have no or limited capacity to enter into contracts. - ️️women According to the majority of jurisdictions, which of the following is an accurate statement regarding a minor's right to disaffirm a contract when the considerati...

employee are entitled to full pay if they take time off from work under the family and medical leave act - ️️false If an appellate judge agrees with the majority's decision, but for different reasons, the judge may write a "concurring" opinion. - ️️false a defendant in a lawsuit is to be provided by the plaintiff with a copy of the complaint. that process is called ___________ - ️️service of process under employment-at-will, an employee may quit at any time - ️️tru...

arbitrary mark - ️️words that have some dictionary meaning before being adopted as trademarks, but have no relationship to the product/service. "Apple" Pierson vs. Post (1805) - ️️Post is hunting for a fox, chases it all day long until they tire it out. Finally, when it's cornered, his neighbor Pierson hops out of the grass and shoots the fox and claims the fox. Pierson wins since he has proof he killed the fox. Pursuit and wounding is not enough in common law brand diluti...

What are some examples of a federal executive order? - ️️FDR internment camps for Japanese people in the US during WWII. Trumps travel ban( ruled unconstitutional) What are some examples of a state executive orders? - ️️Gov. Kemp establishing a Code of Ethics for Executive Branch Officers and Employees What is Civil Law? - ️️The body of laws that govern the rights and responsibilities either between persons or between persons and their government (general dispute) What is Crimi...

Parties not named in a partnership agreement can be considered partners through a partnership by estoppel. Identify a true statement about such a party who is considered a partner. - ️️In many states, the party can be held liable for the costs of the damages to the customer. Which of the following is not a duty of partners to one another? - ️️The beneficiary duty to the other partners A ______ proprietorship is a business in which one person is in control of the management and pro...

John enters into an agreement to lease an apartment for five years, conditioned on him not being called to active duty in the National Guard. If he is called to serve, this is a condition ______, and his obligation to be bound by the lease is discharged. - ️️subsequent If a homeowner enters into a contract with a builder to replace the windows in his house, there is a(n) ______ condition that the builder will be allowed to enter the house to complete the window removal and installation...

LENB Test 4 contract ️legally enforceable set of promises 4 elements to a valid contract ️agreement, consideration, contractual capacity, legal object agreement ️made up of an offer made by offeror to enter a contract acceptance ️offeree accepts terms consideration ️bargained for exchange Contractual Capacity ️the legal ability to enter into a binding agreement legal object ️to be enforceable, the contract cannot be either illegal or against public policy contract l...

The [Flexibility, Compensation, Historical, Beneficial] Committee of the board of directors assesses performance and designs a system that better aligns the officers' interests with that of the shareholders. - ️️Compensation True/False: SEC Rule 10b-5 applies only to cases that involve the trading of securities on organized exchanges, such as the New York Stock Exchange - ️️False Insider trading involves individuals who are: a. inside prison at the time the allegedly illegal tra...

Unconscionable Contract or Clause - ️️A contract or clause that is void on the basis of public policy because one party was forced to accept terms that are unfairly burdensome and that unfairly benefit the stronger party A Mailbox Rule - ️️The common law rule that acceptance takes effect, and thus a contract is formed, at the time the offeree sends or delivers the acceptance using the communication mode expressly or impliedly authorized by the offeror Agreement - ️️A mutual und...