False, both parties are released from it 5. A request or invitation to negotiate is an offer. False, an offer is a promise to do or refrain from doing something 6. An acceptance can impose new conditions or change the terms of the original offer without rejecting it. False, the acceptance creates a legally binding contract 7. An e-contract must meet basic requirements that are […]

Common law and equity: the reasons behind the creation of equity. What is it and how is it different from common law? What is the present relationship between common law and equity? Methodology In order to provide a broader image of the principles applied by equity and the common law, secondary research was carried out. The process involved both gathering information from the internet websites […]

Resolving Ethical Business Challenges Chapter One 1. What are the potential ethical issues faced by Acme Corporation? Acme is essentially bribing buyers to purchase their products. This could backfire on them if the buyers company gets wind of it. The reaction of the company may be to fire their buyer and cut off Acme all together. This of course could be potentially fatal for Acme […]

A bank advertises home loans at low-interest rates for its account holders for three months. Toward the end of the second month, the bank withdraws the offer. Sam opens an account with the bank because of the offer. He is, however, a little late applying for the loan and the offer is withdrawn before his application is processed. Sam sues the bank. In this case, […]

Charlie is going to rescind the contract. He demands return of his money and compensation for the loss of commission on several high profile sales of his business. He wants to rescind the contract because the package of software recommend by Carmine was obsolete, despite Carmine’s assurances. This problem is concerned with the contents of the contract which is term in the contract, the misrepresentation […]

Business Law Answer Key This is a comprehensive key to all the questions, including some chapters which we did not cover. You are responsible only for chapters on the syllabus. Ch. 1 A. 3 B. 5 C. 1 D. 2 E. 4 1. F 2. T 3. F 4. T 5. T 6. B 7. D 8. D 9. A 10. E Ch. 3 A. […]

Executive Summary In order to fully understand the dichotomy of this case there must first be an anlysis of the salient points.  This case of international trade law applies to transactions for goods or services that cross national boundries.  Parties stated herein were affected by disputes regarding contractual rights and duties  The case concerns government substantive and procedural law at an international level. Case backround […]

Business law really tends to describe an extensive body of bylaws that tend to govern the business transactions. Business law also includes every major aspect of trade together with the advertising as well as marketing collection plus the bankruptcy, contracts, banking, secured transactions, negotiable instruments and trade as a general rule. It is sometimes considered as a branch of communal law however it deals with […]

Contemporary Canadian Business Law: Principles and Cases Tenth Edition Chapter 15: Case 9 Case 9 deals with a homeowner (the principle) who lists her property for sale and enters into an agreement with an agent to facilitate a sale with a third party. Over the course of the agency agreement a prospective buyer inspected the property but didn’t make an offer before the agency agreement […]

Week 2 – Yoleida Villalobos 14. 2 Real Property Robert Briggs and his wife purchased a home located at 167 Lower Orchard Drive, Levittown, Pennsylvania. They made a down payment and borrowed the balance on a 30-year mortgage. Six years later, when Mr. and Mrs. Briggs were behind on their mortgage payments, they entered into an oral contract to sell the house to Winfield and […]