Questions from Business Law


Q: Discuss trial periods and returns.

Discuss trial periods and returns.

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Q: Discuss how the delivery of shipments affects the passage of title,

Discuss how the delivery of shipments affects the passage of title, and how f.o.b. shipping point and f.o.b. destination differ.

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Q: Explain both sellers’ and buyers’ remedies for breach of sales contracts.

Explain both sellers’ and buyers’ remedies for breach of sales contracts.

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Q: Explain the term warranty and distinguish between express and implied warranties.

Explain the term warranty and distinguish between express and implied warranties.

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Q: Explain the various forms of an agent’s authority.

Explain the various forms of an agent’s authority.

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Q: Describe the duties of (a) an agent to a principal

Describe the duties of (a) an agent to a principal, (b) a principal to an agent, (c) a principal and third party to each other, and (d) an agent and third party to each other, in light of whether the...

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Q: Define sole proprietorship and discuss its advantages and disadvantages.

Define sole proprietorship and discuss its advantages and disadvantages.

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Q: Define partnership and discuss the advantages and disadvantages of organizing as a

Define partnership and discuss the advantages and disadvantages of organizing as a partnership, as well as the advantages and disadvantages of being a limited partner.

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Q: Explain the major characteristics of a corporation.

Explain the major characteristics of a corporation.

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Q: Explain why and how an administrative agency is formed.

Explain why and how an administrative agency is formed.

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