Questions from Business Law

Q: Various federal and state laws are intended to encourage competition. Analyze

Various federal and state laws are intended to encourage competition. Analyze and report on the benefits of competition to society.

Q: Zoning regulations have the effect of restraining trade because they limit the

Zoning regulations have the effect of restraining trade because they limit the activities of certain kinds of businesses. Explain how society benefits from such limitations.

Q: The Robinson-Patman Act prohibits price discrimination. What were the

The Robinson-Patman Act prohibits price discrimination. What were the ethical reasons that motivated the passage of this federal statute?

Q: Even though the parol evidence rule prohibits any oral amendments to a

Even though the parol evidence rule prohibits any oral amendments to a contract, try to envision circumstances when this rule might be unreasonable.

Q: Under the Statute of Frauds, an oral promise to take on

Under the Statute of Frauds, an oral promise to take on the debts of another is enforceable in some states. Can you think of any other activities that might be legally acceptable despite the fact that...

Q: A buyer places a deposit on an item valued at more than

A buyer places a deposit on an item valued at more than $500 but later wishes to cancel the order. Arguing that there is no written contract, could the buyer expect a refund of the deposit?

Q: Why must a contract that obviously cannot be completed within one year

Why must a contract that obviously cannot be completed within one year be in writing?

Q: A person dies without leaving a will. The administrator of the

A person dies without leaving a will. The administrator of the estate refuses to pay the deceased’s debts on the grounds that there is no written evidence of the obligation. Comment on the ethics of t...

Q: Describe the structure of our federal and state court systems.

Describe the structure of our federal and state court systems.

Q: Yikes, a U.S.-based manufacturer of shoes,

Yikes, a U.S.-based manufacturer of shoes, had plants in several countries in Southeast Asia and enjoyed considerable success in world markets as a result of a number of factors, including its excelle...