Questions from Business Law


Q: A building contractor is sued by homeowners alleging that their homes were

A building contractor is sued by homeowners alleging that their homes were poorly constructed resulting in several defects. The contractor adds to the lawsuit a building supplier that it claims provid...

See Answer

Q: How have the federal courts discouraged class-action lawsuits? What

How have the federal courts discouraged class-action lawsuits? What are the key requirements for federal courts to permit class-action suits?

See Answer

Q: Discuss why it is important to have a property right in the

Discuss why it is important to have a property right in the uses of things.

See Answer

Q: Why is taxation of private property legal?

Why is taxation of private property legal?

See Answer

Q: (a) Using an instance in which you bought or sold

(a) Using an instance in which you bought or sold something in the last week describe the terms of an express contract that might arise between the supplier and the seller. (b) When would an implied-i...

See Answer

Q: What is the nature of mediation that reduces the degree of judicial

What is the nature of mediation that reduces the degree of judicial supervision?

See Answer

Q: Describe how mediation can be used in conjunction with arbitration.

Describe how mediation can be used in conjunction with arbitration.

See Answer

Q: BMW, a German buyer, opens an irrevocable letter of credit

BMW, a German buyer, opens an irrevocable letter of credit in favor of Goodyear, an American seller, for the purchase of tires on BMW automobiles. BMW confirms the letter of credit with Goodyear’s ban...

See Answer

Q: (a) How should a licensor protect its investment in a

(a) How should a licensor protect its investment in a foreign country? (b) Is licensing a less risky approach for the seller than direct foreign investment?

See Answer

Q: What are the advantages and disadvantages of a joint venture with a

What are the advantages and disadvantages of a joint venture with a foreign firm?

See Answer