Describe when termination by alteration occurs.
> Identify the requirements for obtaining a patent.
> Discuss intellectual property and explain how such is protected.
> Explain how a will is revised or revoked.
> Staples, following extensive injuries in an automobile accident, was declared mentally incompetent. He imagined himself to be in command of a large army engaged in protecting the country against an invasion. He ordered several large tents, sleeping bags,
> Discuss the types of gifts covered by a will.
> Identify the purpose of a will.
> Explain how liability is determined and whether the landlord or tenant is likely to be found liable.
> Explain several reasons for termination of leases.
> Discuss the characteristics of bailments, including the six typical reasons for transferring goods and creating a bailment.
> Define and explain the purpose of a bailment.
> Distinguish between real and personal property.
> Describe when commercial paper is deemed dishonored.
> Explain when presentment of commercial paper occurs.
> Identify the purpose of endorsing commercial paper.
> Forrer was an employee of Sears for many years. He eventually left because of health problems and began operating a farm. Sears persuaded Forrer to return to work on a part-time basis, and about one month later promised permanent employment if Forrer gav
> List and explain the nonessentials for negotiability of commercial paper.
> Identify the parties to commercial paper.
> Distinguish between the two basic kinds of commercial paper: promises to pay (notes) and orders to pay (checks and drafts).
> Distinguish between voluntary filing and involuntary filing in bankruptcy.
> Explain the conditions under which individuals and businesses become insolvent and default on their loans.
> Identify organizational forms that are not business entities.
> Describe limited liability companies.
> Identify the business organizational forms available in the United States whose purpose is to earn a profit.
> Differentiate between the principal–agent and employer–employee relationship.
> Explain how an agency may be terminated.
> Jackson, a widow who was desperate for money, sold land to her brother, Seymour, for $275. Later Seymour found valuable timber on the land and sold some of it for $2,353. When Jackson realized that the property was worth much more than she had originally
> Discuss the four ways in which an agency may be created.
> Classify the two major kinds of agents.
> Describe the principal–agent relationship.
> Explain the provisions of the Magnuson-Moss Warranty Act.
> Identify the three kinds of implied warranties.
> Identify the four kinds of express warranties.
> Identify the various provisions of the law that protect consumers and third parties who suffer physical injuries or financial losses.
> Discuss auction sales and conditional sales.
> Describe the special requirements of contracts for labor and materials.
> Discuss the difference between entire and divisible contracts.
> Without first obtaining the required marriage license, Evelyn and Joseph Carabetta were married in a religious ceremony. Thereafter, they lived together as husband and wife. They raised four children, all of whose birth certificates listed Joseph Carabet
> Identify the classifications of sales contracts, including oral, written, express, and implied.
> Distinguish between a contract for sale and a contract to sell.
> Discuss the concept of title in relation to the law of sales.
> Describe the passage of title to fungible goods.
> Discuss sales by persons with possession of, but not title to, goods.
> Define conditional sales and identify the two types of conditions found in contracts for conditional sales.
> Explain when title to goods passes.
> Distinguish between the two main types of property, and indicate which one is subject to the law of sales.
> Explain how title and certificates of title relate to the concept of ownership.
> Discuss the remedies for breach of contract, and provide examples of situations that would be appropriate for each remedy.
> William Storey Sr. promised his nephew, William Storey II, that he would pay him $5,000 if his nephew avoided drinking, using tobacco, swearing, and playing cards and billiards for money until he became 21 years old. The nephew agreed to the offer and ke
> Identify the circumstances under which a contract would be terminated by operation of law.
> Explain termination by impossibility of performance.
> Identify seven ways in which a contract may be terminated.
> Provide examples of contracts that may be assigned by a court of law.
> Explain the legal concept of delegation of duties.
> Identify three kinds of contracts that may not be assigned.
> Interpret the legal concept of assignment of rights.
> Identify two instances in which a contract may involve third parties.
> Discuss the Statute of Frauds.
> Esposito hired Excel Construction Company to repair a porch roof for $625 while she was out of town on vacation. All terms of the agreement were specified in a written contract, but the agreement failed to specify whether it was the front or rear porch t
> Explain how the parol evidence rule affects the addition of supplementary provisions to a written contract.
> Describe the requirement of proper form of contracts, and name instances when contracts (a) should not be in writing, (b) should be in writing, and (c) must be in writing.
> Explain the provisions of two major laws governing illegal restraint of trade: the Sherman Antitrust Act and the Robinson-Patman Act.
> Identify four kinds of agreements that are in violation of public policy.
> Identify four kinds of agreements that are in violation of statutes.
> Assess the legal status of contracts made by persons who are incompetent.
> Explain what is meant by contractual capacity and define competent parties.
> Identify four kinds of agreements that lack consideration.
> Define the term general release.
> Define unconscionable contracts.
> While in the custody of the New Castle Youth Development Center (YDC), 17-year-old Betts suffered a tragic spinal cord injury while attempting to make a tackle during a football game. Following the injury, Betts sued YDC and several of its staff members,
> Define undue influence and explain its impact upon the validity of a contract.
> Explain the concept of mistake in the eyes of the law.
> Explain misrepresentation and how it differs from fraud.
> List seven ways in which a lack of a meeting of the minds may cause defective agreements.
> Identify the three ways in which an offer may be terminated.
> Explain and provide examples of the two requirements for a valid acceptance.
> Identify the first step in reaching agreement and forming a valid contract.
> Describe the enforceability of contracts in terms of valid, void, and voidable contracts.
> Identify the six elements of an enforceable contract.
> Explain the purpose of a contract.
> The IRS filed a lawsuit against Stern to collect unpaid income taxes, penalties, and interest that had amassed over 10 years. In response, Stern petitioned the court to disallow the IRS from collecting his tax debt, arguing that discrepancies existed bet
> Distinguish between agreements and contracts.
> Identify the sources of contract law.
> Describe the nature of a contract.
> Discuss how the Internal Revenue Service administers the collection of income taxes pursuant to the Sixteenth Amendment.
> Discuss the current state of constitutional law with respect to the Second Amendment.
> Explain the legal concept of liability and provide examples.
> Identify some of the major legal areas that impact health care.
> Identify other environmental issues for which there is growing concern.
> Identify several factors that influence the changing global climate.
> Identify several types of pollution that are of great concern to society.
> Rensch left two diamond rings for cleaning at Riddle’s Mall in Rapid City, South Dakota. Riddle’s had advertised free ring cleaning to the public. When Rensch returned for the rings, he found that a clerk had mistakenly given them to another customer. Th
> Describe the theories of law under which private citizens may sue persons and businesses that harm the environment.
> Describe how the government regulates businesses in relation to the environment.
> Explain how the federal government regulates itself in the area of environmental protection.
> Discuss the international legal environment and state how trade sanctions and embargoes, export and import controls, and boycotts are utilized by governments to achieve economic and political ends.
> Discuss the doctrine of comity.
> Define international law and identify its major sources.
> Discuss global business and cite reasons for the increased need for international law.
> Describe how the National Highway Traffic Safety Administration is responsible for the safety of automobiles sold in the United States.
> Identify examples of consumer products regulated by the Consumer Product Safety Commission.
