Questions from Business Law

Q: Is an illegal agreement enforceable? Why or why not?

Is an illegal agreement enforceable? Why or why not?

Q: Jonathan G. Lebed was a 15-year-old Internet

Jonathan G. Lebed was a 15-year-old Internet maven who, over about a six-month period, on 11 separate occasions “engaged in a scheme in which he purchased large blocks of thinly traded stocks and, wit...

Q: Why are contracts made with individuals who are required to be licensed

Why are contracts made with individuals who are required to be licensed, but are not, usually unenforceable?

Q: Legislation intended to protect the natural environment can have unexpected consequences and

Legislation intended to protect the natural environment can have unexpected consequences and may serve as a disincentive to business. Explain.

Q: How does society benefit from the actions of governments granting monopolies for

How does society benefit from the actions of governments granting monopolies for such services as cellular telephone service, railroads, and so on?

Q: What is the minimum dollar amount specified in the Uniform Commercial Code

What is the minimum dollar amount specified in the Uniform Commercial Code as a requirement for written contracts for the sale of personal property? Should this amount be greater?

Q: In auction sales, how is the legal requirement for a written

In auction sales, how is the legal requirement for a written contract satisfied? What problems might arise from this arrangement?

Q: Why do you think a prenuptial agreement dealing with the custody of

Why do you think a prenuptial agreement dealing with the custody of children would not be enforceable?

Q: Why does the Statute of Frauds apply only to executory contracts—

Why does the Statute of Frauds apply only to executory contracts—that is, contracts that have yet to be performed?

Q: Distinguish between a third-party beneficiary and an incidental beneficiary.

Distinguish between a third-party beneficiary and an incidental beneficiary.