Questions from Business Law

Q: The U.S. federal courts are accepting too many lawsuits

The U.S. federal courts are accepting too many lawsuits initiated by foreigners that concern matters not relevant to this country.

Q: The UCC should require the same degree of definiteness of terms,

The UCC should require the same degree of definiteness of terms, especially with respect to price and quantity, as general contract law does.

Q: If a contract specifies a particular carrier, then the shipper must

If a contract specifies a particular carrier, then the shipper must use that carrier or be in breach of the contract—no exceptions should ever be allowed.

Q: We should eliminate the status of holder in due course for those

We should eliminate the status of holder in due course for those who possess negotiable instruments.

Q: Professor Wise is teaching a summer seminar in business torts at State

Professor Wise is teaching a summer seminar in business torts at State University. Several times during the course, he makes copies of relevant sections from business law texts and distributes them to...

Q: Why would the seller’s knowledge of the buyers’ limited resources support a

Why would the seller’s knowledge of the buyers’ limited resources support a finding of unconscionability?

Q: Suppose that Fitl and Strek had included in their deal a written

Suppose that Fitl and Strek had included in their deal a written clause requiring Fitl to give notice of any defect in the card within “7 days to 1 month” of its receipt. Would the result have been di...

Q: Suppose that after Lucy signed the agreement, he decided he did

Suppose that after Lucy signed the agreement, he decided he did not want the farm after all, and that Zehmer sued Lucy to perform the contract. Would this change in the facts alter the court’s decisio...

Q: What is a material breach of contract? When a material breach

What is a material breach of contract? When a material breach occurs, what are the nonbreaching party’s options?

Q: What would be the cost to individuals and businesses that use checks

What would be the cost to individuals and businesses that use checks if a similar law were passed in this country?