Charges of undue influence are frequently made by those who are denied benefits in a will. What steps might a testator take, while still alive, to reduce the likelihood of these charges being made?
> Identify the elements of fraud.
> Distinguish between bids, advertisements, and public offers, and describe how each relates to offer and acceptance.
> Explain and provide examples of the three requirements for a valid offer.
> Explain the status of contracts and differentiate between executory and executed contracts.
> Discuss criticism of administrative agencies.
> Explain the similarities and differences between administrative agencies and governments.
> Describe product liability and the tort upon which it is based.
> List the rights of employees who are members of labor unions.
> How does the Americans with Disabilities Act define disability? Provide some examples.
> Identify types of legal documents for which electronic signatures are not valid and explain why the law excludes these.
> Provide examples of cases that are addressed by the Eighth Amendment.
> State the four rules relating to online sales of securities and explain the importance of these.
> Identify at least three typical company policies that restrict e-mail sent or received by employees while on the employer’s premises.
> Explain how the law protecting the privacy of e-mail differs, depending on whether the e-mail is sent from home or from work.
> Explain several reasons for termination of leases.
> Discuss the level of care a bailee is required to give for each of several kinds of bailments.
> Discuss the special requirements of mutual-benefit bailments concerned with (a) storage, (b) parking lots, (c) work and services, (d) hotels, and (e) common carriers.
> Distinguish among (a) bailment for the sole benefit of the bailee, (b) bailment for the sole benefit of the bailor, (c) mutual-benefit bailment, and (d) constructive bailment, and provide examples of each.
> Discuss the importance of acceptance, possession, and return of goods as they apply to bailments.
> Explain the characteristics of various kinds of deeds, and transfers of real property through eminent domain and adverse possession.
> Discuss real property as it relates to land, buildings, and fixtures. How does personal property convert to real property?
> Identify and explain four protections provided by the Fifth Amendment.
> Discuss severalty ownership, tenancy in common, joint tenancy, and community property.
> Discuss the law and liability as applied to bad checks and to forged, raised, and materially altered checks.
> Discuss the major differences between the two basic kinds of commercial paper: promises to pay (notes) and orders to pay (checks and drafts).
> Explain the debtor education and credit counseling requirement under the Bankruptcy Abuse Prevention and Consumer Protection Act.
> List some exceptions to the doctrine of employment at will.
> Name five advantages for individuals who select alternative dispute resolution over litigation and give an example of each.
> List some examples of debts that are not discharged under a Chapter 7 bankruptcy.
> How can Internet service providers protect themselves against a charge of copyright infringement?
> When is insider trading of securities illegal?
> Compare and contrast the two main statutes that cover the sale and distribution of securities in the United States.
> How does social media facilitate identity theft?
> When posting reviews on social media, what might be a defense to a claim of defamation?
> What are three ways that social media could be used that would infringe on trademark rights of a company?
> What are some of the legal problems with using social media posts as evidence?
> How does evaluating social media use for determining creditworthiness potentially violate federal law?
> Identify two crimes that could be carried out using social media.
> Explain why an employer would restrict an employee’s speech on social media.
> Describe the two types of actions by the debtor prohibited under bankruptcy law that were discussed in this chapter.
> Identify five types of laws that restrict speech but would, nonetheless, be constitutionally permissible.
> Distinguish the Electronic Communications Privacy Act from the Computer Fraud and Abuse Act in terms of intent to commit a crime.
> Give three examples of unauthorized uses of computers that can result in criminal prosecution.
> Name four rights that may be violated when individuals gain access to computers without proper authorization.
> Distinguish between design patents and other forms of patents.
> Name the requirements that must be met for an invention to receive a patent.
> When does the fair use doctrine apply to copyrighted works?
> Give several examples of literary, creative, or artistic works for which a company may be granted a copyright.
> Explain the way the court distributes the estate of someone who dies intestate.
> Explain both the duty of loyalty and the duty of care as these pertain to corporate directors and officers.
> Explain why the law requires the testator to have testamentary capacity.
> Explain each of the requirements of a valid will.
> Discuss types of legacies, bequests, and devises covered by a will.
> Discuss the reasons a person prepares a will.
> Explain how liability for injuries suffered by a tenant’s guests in common areas is determined and whether the landlord or tenant is likely to be found liable.
> Should a tenant have the right to remove fixtures he or she has added to the premises? Why or why not?
> If a landlord should fail to make the repairs promised in the lease, what recourse does the tenant have?
> If a tenant chooses to use leased premises for purposes other than the one stipulated in the lease, why would a new agreement be required?
> Discuss the difference between a lease and a license and state the advantages and disadvantages of each.
> Discuss constructive bailments and explain how they differ from other kinds of bailments.
> Differentiate among corporate shareholders, directors, and officers.
> Discuss the six typical reasons for transferring goods and creating a bailment.
> Identify and provide examples of rights in real property.
> Discuss both inter vivos gifts and gifts causa mortis.
> Distinguish between real and personal property.
> State statutes usually declare that commercial paper that is given for gambling transactions or at usurious rates of interest is void. Can a person pay off an illegal gambling debt by check?
> What is the difference between a contract and a negotiable instrument as it concerns consideration?
> Describe the defenses against payment of commercial paper that are concerned with the acts or circumstances leading to the issue of the paper rather than to the paper itself.
> What kind of an endorsement allows an endorser to avoid liability for payment even if the maker or drawer defaults on the instrument?
> Under what circumstances are a minor’s checks valid?
> Why would a person who receives a check want to limit its negotiability, and how would this be done?
> Identify two advantages and two disadvantages of organizing as a partnership.
> What are the benefits and drawbacks to the consumer of using electronic funds transfers, automated teller machines, and point-of-sale systems?
> Discuss circumstances that might require stopping payment on a check.
> If a checkbook is stolen and checks are written by the thief and cashed, who bears the loss?
> Explain the two ways in which commercial paper differs from ordinary contracts.
> Describe the process used in a Chapter 11 bankruptcy.
> List some examples of priority debts under a Chapter 13 bankruptcy.
> List some examples of exempt property under Chapter 7 of the federal bankruptcy law.
> Explain the differences between a limited partnership and other partnerships.
> Identify the four forms in which businesses are generally organized.
> Explain how an agency may be terminated.
> Name four advantages and two disadvantages of organizing as a sole proprietorship.
> Describe the requirement of probable cause under the Fourth Amendment.
> Cite some examples of how unethical behavior in our world has negatively affected business practices.
> Andy Roddick is the new owner of Ace Computer Services. At the end of August 2017, his first month of ownership, Roddick is trying to prepare monthly financial statements. Below is some information related to unrecorded expenses that the business incurre
> Maher Inc. reported income from continuing operations before taxes during 2017 of $790,000. Additional transactions occurring in 2017 but not considered in the $790,000 are as follows. 1. The corporation experienced an uninsured flood loss in the amount
> Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. a. What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to accumulate a fund of $90,000 b
> Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) a. What is the future value of $7,000 at the end of 5 periods at 8% compounded interest? b. What is the present value of $7,000 due 8
> In your audit of Jose Oliva Company, you find that a physical inventory on December 31, 2017, showed merchandise with a cost of $441,000 was on hand at that date. You also discover the following items were all excluded from the $441,000. 1. Merchandise o
> C. Reither Co. reports the following information for 2017: sales revenue $700,000, cost of goods sold $500,000, operating expenses $80,000, and an unrealized holding loss on available-for-sale securities for 2017 of $60,000. It declared and paid a cash d
> Eddie Zambrano Corporation began operations on January 1, 2017. During its first 3 years of operations, Zambrano reported net income and declared dividends as follows. The following information relates to 2017. Income before income taxâ€&br
> Jurassic Park Co. prepares monthly financial statements from a worksheet. Selected portions of the January worksheet showed the following data. During February, no events occurred that affected these accounts. But at the end of February, the following i
> The adjusted trial balance for Ed Bradley Co. is presented in the following worksheet for the month ended April 30, 2017. Instructions Complete the worksheet and prepare a classified balance sheet. Ed Bradley Co.xls Home Insert Page Layout Formulas
> The following are selected ledger accounts of Spock Corporation at December 31, 2017. Spock’s effective tax rate on all items is 34%. A physical inventory indicates that the ending inventory is $686,000. Instructions Prepare a cond
> The stockholders’ equity section of Hendly Corporation appears below as of December 31, 2017. Net income for 2017 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $18,000,000 (before tax) as a
> Wayne Rogers Corp. maintains its financial records on the cash basis of accounting. Interested in securing a long-term loan from its regular bank, Wayne Rogers Corp. requests you as its independent CPA to convert its cash-basis income statement data to t
> Jill Accardo, M.D., maintains the accounting records of Accardo Clinic on a cash basis. During 2017, Dr. Accardo collected $142,600 from her patients and paid $55,470 in expenses. At January 1, 2017, and December 31, 2017, she had accounts receivable, un
> The following information was taken from the records of Roland Carlson Inc. for the year 2017: income tax applicable to income from continuing operations $187,000, income tax applicable to loss on discontinued operations $25,500, and unrealized holding g
> Presented below are selected account balances for Homer Winslow Co. as of December 31, 2017. Instructions Prepare closing entries for Homer Winslow Co. on December 31, 2017. (Omit explanations.) $ 60,000 75,000 45,000 18,000 12,000 15,000 410,000 I
