Questions from Business Law

Q: Roy signs corporate checks for Standard Corporation. Roy writes a check

Roy signs corporate checks for Standard Corporation. Roy writes a check payable to U-All Company, to whom Standard owes no money. Roy signs the check, forges U-All’s indorsement, and cashes the check...

Q: Lynn draws a check for $900 payable to the order of

Lynn draws a check for $900 payable to the order of Jan. Jan indorses the check in blank and transfers it to Owen. Owen presents the check to First National Bank, the drawee bank, for payment. If the...

Q: Herb steals a check from Kay’s checkbook, forges Kay’s signature,

Herb steals a check from Kay’s checkbook, forges Kay’s signature, and transfers the check to Will for value. Unaware that the signature is not Kay’s, Will presents the check to First State Bank, the d...

Q: Able Corporation wants to build a new mall on a specific tract

Able Corporation wants to build a new mall on a specific tract of land. Able contracts with Sheila to buy the property. When Sheila learns the difference between the price that Able is willing to pay...

Q: Marie, owner of the Consumer Goods Company, employs Rachel as

Marie, owner of the Consumer Goods Company, employs Rachel as an administrative assistant. In Marie’s absence, and without authority, Rachel represents herself as Marie and signs a promissory note in...

Q: American Manufacturing Company (AMC) issues an employee handbook that states

American Manufacturing Company (AMC) issues an employee handbook that states employees will be discharged only for good cause. One day, Greg, an AMC supervisor, says to Larry, “I don’t like your looks...

Q: Ruth is a supervisor for Subs & Suds, a restaurant.

Ruth is a supervisor for Subs & Suds, a restaurant. Tim is a Subs & Suds employee. The owner announces that some employees will be discharged. Ruth tells Tim that if he has sex with her, he can keep h...

Q: Erin, an employee of Fine Print Shop, is injured on

Erin, an employee of Fine Print Shop, is injured on the job. For Erin to obtain workers’ compensation, does her injury have to have been caused by Fine Print’s negligence? Does it matter whether the a...

Q: Sam plans to open a sporting goods store and to hire Gil

Sam plans to open a sporting goods store and to hire Gil and Art. Sam will invest only his own capital. He does not expect to make a profit for at least eighteen months and to make little profit for t...

Q: How does licensing protect intellectual property?

How does licensing protect intellectual property?