Questions from Business Law

Q: Westinghouse sold uranium in long-term contracts at fixed prices,

Westinghouse sold uranium in long-term contracts at fixed prices, betting that market prices would be stable or fall (as they had been). But this was a bad bet: Uranium prices skyrocketed as a result...

Q: Jacobs Builders entered into a contract with Kent to build him a

Jacobs Builders entered into a contract with Kent to build him a home. The agreement stated that Jacobs would use only certain brand-name materials. Upon completion of the home, Kent discovered that J...

Q: 1. You plan to open a store in Chicago, specializing

1. You plan to open a store in Chicago, specializing in rugs imported from Turkey. You will work with a native Turk who will purchase and ship the rugs to your store. You are wise enough to insist on...

Q: Evans built a house for Sandra Dyer, but the house had

Evans built a house for Sandra Dyer, but the house had some problems. The garage ceiling was too low. Load-bearing beams in the “great room” cracked and appeared to be steadily weakening. The patio di...

Q: Krug International, an Ohio corporation, had a contract with Iraqi

Krug International, an Ohio corporation, had a contract with Iraqi Airways to build aeromedical equipment for training pilots. Krug then contracted for Power Engineering, an Iowa corporation, to build...

Q: 1. The following agency is charged with the regulation of electronic

1. The following agency is charged with the regulation of electronic communications: A. National Security Agency B. Federal Trade Commission C. Federal Communications Commission D. None of the above...

Q: 1. You Be the Judge: WRITING PROBLEM. An undercover

1. You Be the Judge: WRITING PROBLEM. An undercover drug informant learned from a mutual friend that Philip Friedman “knew where to get marijuana.” The informant asked Friedman three times to get him...

Q: 1. You are a vice-president in charge of personnel

1. You are a vice-president in charge of personnel at a large manufacturing company. In-house detectives inform you that Gates, an employee, was seen stealing valuable computer equipment. Gates denies...

Q: PepsiCo entered into a contract to sell its corporate jet to Klein

PepsiCo entered into a contract to sell its corporate jet to Klein for $4.6 million. Before the deal closed, the plane was sent to pick up PepsiCo’s chairman of the board, who was stranded at Dulles a...

Q: Walgreens operated a pharmacy in the Sara Creek mall. As part

Walgreens operated a pharmacy in the Sara Creek mall. As part of this long-term lease, Sara Creek agreed not to lease mall space to another pharmacy. During an economic recession, Sara Creek’s largest...