Questions from Business Law

Q: In 1967, large oil reserves were discovered in the Prudhoe Bay

In 1967, large oil reserves were discovered in the Prudhoe Bay area of Alaska. As a result, State revenues increased from $124 million in 1969 to $3.7 billion in 1981. In 1980, the State legislature e...

Q: Maryland enacted a statute prohibiting any producer or refiner of petroleum products

Maryland enacted a statute prohibiting any producer or refiner of petroleum products from operating retail service stations within the State. The statute also required that any producer or refiner dis...

Q: The Federal Aviation Act provides that “The United States of America

The Federal Aviation Act provides that “The United States of America is declared to possess and exercise complete and exclusive national sovereignty in the airspace of the United States.” The city of...

Q: The Public Service Commission of State X issued a regulation completely banning

The Public Service Commission of State X issued a regulation completely banning all advertising that “promotes the use of electricity” by any electric utility company in State X. The commission issued...

Q: E-Z-Rest Motel is a motel with 216 rooms

E-Z-Rest Motel is a motel with 216 rooms located in the center of a large city in State Y. It is readily accessible from two interstate highways and three major State highways. The motel solicits patr...

Q: Explain whether each of the following transactions results in a valid negotiation

Explain whether each of the following transactions results in a valid negotiation: (a) Arnold gives a negotiable check payable to bearer to Betsy without indorsing it. (b) Golden indorses a negotiable...

Q: A farmer made a contract in April to sell a grain dealer

A farmer made a contract in April to sell a grain dealer 40,000 bushels of corn to be delivered in October. On June 3, the farmer unequivocably informed the grain dealer that he was not going to plant...

Q: State Z enacted a Private Pension Benefits Protection Act requiring private employers

State Z enacted a Private Pension Benefits Protection Act requiring private employers with 100 or more employees to pay a pension funding charge upon terminating a pension plan or closing an office in...

Q: A state statute empowered public school principals to suspend students for up

A state statute empowered public school principals to suspend students for up to ten days without any notice or hearing. A student who was suspended for ten days challenges the constitutionality of hi...

Q: Iowa enacted a statute prohibiting the use of sixty-five-

Iowa enacted a statute prohibiting the use of sixty-five-foot double trailer truck combinations. All of the other midwestern and western States permit such trucks to be used on their roads. Despite th...