Questions from Business Law

Q: What was the underlying social policy that prompted the Federal Trade Commission

What was the underlying social policy that prompted the Federal Trade Commission (FTC) to rule against Campbell’s?

Q: According to the FTC, ads must be substantiated by well-

According to the FTC, ads must be substantiated by well-controlled scientific studies or the ads will be considered deceptive. In one case, the FTC charged that the claims made in an ad for a sunburn...

Q: Is Dark Day’s trade acceptance a sight draft or a time draft

Is Dark Day’s trade acceptance a sight draft or a time draft?

Q: Does Dark Day’s trade acceptance serve as a substitute for money or

Does Dark Day’s trade acceptance serve as a substitute for money or as a credit device?

Q: If Smith had owed Larson the same amount as represented by Morrison’s

If Smith had owed Larson the same amount as represented by Morrison’s note and given the note to Larson as payment for the debt, would Larson have been able to hold Morrison liable on the note?

Q: If Larson had paid Smith for the note with a check,

If Larson had paid Smith for the note with a check, and before Smith cashed the check, Larson learned of Morrison’s defense against payment on the note, would Larson have qualified as an HDC?

Q: 1. Could the bank legally have terminated its promise to honor

1. Could the bank legally have terminated its promise to honor overdrafts? 2. Although this problem appears to be one involving a breach of contract, could there be any other grounds on which O’Bani...

Q: What is the mirror image rule?

What is the mirror image rule?

Q: The Crash writes to Bruce directing Bruce to act as The Crash’s

The Crash writes to Bruce directing Bruce to act as The Crash’s agent for booking concerts. The Crash adds a postscript telling Bruce to make no commitments until after communicating with them. The...

Q: When a check “bounces,” can a holder can resubmit the

When a check “bounces,” can a holder can resubmit the check, hoping that at a later date sufficient funds will be available to pay it?