What factors contributed to the initial ineffectiveness of the Sherman Act when it was first enacted?
> How can businesspersons encourage ethical conduct in their workplaces?
> What is the difference between a cashier’s check and a certified check?
> When an indorsement is forged or unauthorized, who bears the burden of loss?
> What are two situations in which unauthorized signatures arise?
> What is the key to liability on a negotiable instrument?
> In what circumstances will a holder be considered to have notice that an instrument is defective?
> What does it mean to take an instrument in good faith?
> What is the effect of a blank indorsement?
> When is an indorsement required?
> What is the difference between assignment and negotiation?
> What indicates that an instrument is payable on demand?
> Why is the study of business ethics important?
> Are only unconditional promises or orders negotiable? If yes, why? If no, why not?
> What is the extent of the liability of a credit cardholder for unauthorized charges?
> Which federal agency oversees the practices of banks, mortgage lenders, and credit-card companies?
> Which federal rule protects consumers who buy goods over the phone, through the mail, or online?
> What are three forms of deceptive advertising?
> Which federal agency is empowered to prevent unfair and deceptive trade practices?
> What are four defenses to product liability?
> What types of defects are recognized in product liability law?
> How does negligence-based product liability differ from strict product liability?
> What is product liability?
> How is the power of eminent domain invoked?
> When does an implied warranty of merchantability arise?
> What is an express warranty?
> What is a title warranty and when does it arise?
> According to the parol evidence rule, can evidence be used to explain or supplement the terms of a contract?
> When can a buyer or lessee sue to recover damages from a seller or lessor?
> When can a seller or lessor bring an action to recover damages from a buyer or lessee?
> In what situations can a buyer or lessee revoke his or her acceptance of goods?
> When and how does a buyer or lessee pay for goods?
> What is the perfect tender rule?
> What does tender of delivery require?
> How does international and U.S. law protect property rights in outer space?
> Under the UCC, in the case of a merchant, what does “good faith” mean?
> What can a party to a sales or lease contract obtain to protect against a financial loss if goods are damaged, destroyed or lost?
> Who bears the risk of loss when a sales or lease contract is breached?
> What determines who suffers a financial loss if goods are damaged, destroyed, or lost?
> In a transaction for a sale of goods subject to a shipment contract, when does title pass?
> If a contract calls for a sale or lease of goods that are already in existence, when does identification take place?
> What is the difference between legal and ethical standards? How are legal standards affected by ethical standards?
> In what circumstances might a tying arrangement be considered procompetitive?
> What are the ethical values underpinning antitrust laws, and why are those laws applied to tying arrangements in particular?
> What is an exclusive dealing contract?
> When are price-fixing agreements lawful under the Sherman Act?
> What is the difference between a per se violation and a violation that is analyzed using a rule of reason?
> What is a horizontal restraint?
> What is price discrimination?
> Does the modification of an agreement subject to the UCC need new consideration to be binding?
> How does the Sherman Act affect international business?
> What is a monopoly?
> Is it ethical for an administrative agency to reverse or otherwise alter its policy when the change increases the financial burden on the regulated parties?
> Identify and briefly describe laws that make agencies more accountable through public scrutiny.
> How do courts hold agency authority in check?
> Given that an administrative law judge is a member of the agency prosecuting a case, what safeguards promote fairness?
> What is a major advantage of agency rulemaking?
> Why are most disputes resolved at, or soon after, the investigatory stage of an agency action?
> How does an agency use its investigative powers?
> How may the acceptance of an offer to buy, sell, or lease goods be made?
> What is “the administrative process”?
> How might the Internet expedite formal rulemaking procedures?
> How is an administrative agency created?
> What is a constructive trust?
> How does a living trust differ from a testamentary trust?
> What four elements must be present to create a valid trust?
> What is a codicil?
> What are the four basic requirements for a valid will?
> What are the three requirements that must be satisfied in order for a testator to demonstrate his or her testamentary capacity?
> What is the purpose of a residuary clause?
> When does the common law govern contracts for sales and leases of goods?
> How does a specific devise or bequest differ from a general devise or bequest?
> How might the availability of a secure online repository for a person’s will affect a challenge to the will?
> What is a will?
> What is the difference between an assignment of a lease and a sublease?
> Can a landlord be held liable for injuries caused by the crimes of third persons?
> To what extent may a landlord be held liable for injuries caused by defects on the premises?
> When may a tenant withhold the payment of rent?
> What factors will a court consider in deciding whether a defect is substantial enough to violate the implied warranty of habitability?
> What is retaliatory eviction?
> How might the doctrine of unconscionability affect the validity of leases?
> When is a sale?
> Why do nations impose laws to restrict or facilitate international transactions?
> Why is knowledge of business law essential for any businessperson?
> Why is interest expense said to cost the firm substantially less than the actual expense, while dividends cost it 100 percent of the outlay?
> When does insider trading occur? What government agency is responsible for protecting against the unethical practice of insider trading?
> Why is profit maximization, by itself, an inappropriate goal? What is meant by the goal of maximization of shareholder wealth?
> Why are institutional investors important in today's business world?
> What issue does agency theory examine? Why is it important in a public corporation rather than in a private corporation?
> Why is trend analysis helpful in analyzing ratios?
> Explain how the Du Pont system of analysis breaks down return on assets. Also explain how it breaks down return on stockholders’ equity.
> What form of partnership allows some of the investors to limit their liability? Explain briefly.
> If we divide users of ratios into short-term lenders, long-term lenders, and stockholders, in which ratios would each group be most interested, and for what reasons?
> What procedure(s) would you recommend for a multinational company in studying exposure to political risk? What actual strategies can be used to guard against such risk?
> Howell Auto Parts is considering whether to borrow funds and purchase an asset or to lease the asset under an operating lease arrangement. If the company purchases the asset, the cost will be $10,000. It can borrow funds for four years at 12 percent inte
> What factors influence a U.S. business firm to go overseas?
> What is meant by translation exposure in terms of foreign exchange risk?
> Explain how exports and imports tend to influence the value of a currency.
> List the factors that affect the value of a currency in foreign exchange markets.
> What allegations are sometimes made against foreign affiliates of multinational firms and against the multinational firms themselves?
> Comment on any dilemmas that multinational firms and their foreign affiliates may face in regard to debt ratio limits and dividend payouts.
