Lenb 3135 - Study guides, Class notes & Summaries

The [Flexibility, Compensation, Historical, Beneficial] Committee of the board of directors assesses performance and designs a system that better aligns the officers' interests with that of the shareholders. - ️️Compensation True/False: SEC Rule 10b-5 applies only to cases that involve the trading of securities on organized exchanges, such as the New York Stock Exchange - ️️False Insider trading involves individuals who are: a. inside prison at the time the allegedly illegal tra...

LENB 3135 Chapter 10: The Formation of Traditional and E-Contracts test , Questions and Answers Verified 100% Correct | Latest Update

Unconscionable Contract or Clause - ️️A contract or clause that is void on the basis of public policy because one party was forced to accept terms that are unfairly burdensome and that unfairly benefit the stronger party A Mailbox Rule - ️️The common law rule that acceptance takes effect, and thus a contract is formed, at the time the offeree sends or delivers the acceptance using the communication mode expressly or impliedly authorized by the offeror Agreement - ️️A mutual und...

Impossibility of Performance - ️️A doctrine under which a party to a contract is relieved of his or her duty to perform when performance becomes objectively impossible or totally impracticable (through no fault of either party) Novation - ️️The substitution, by agreement, of a new contract for an old one, with the rights under the old one being terminated. Typically, this involves the substitution of a new party for one of the original parties to the contract Anticipatory Repudiati...

Firm Offer - ️️An offer (by a merchant) that is irrevocable without consideration for a period of time (not longer than three months) - by a merchant must be in writing and must be signed by the offerer Intangible Property - ️️Property that cannot be seen or touched but exists only conceptually, such as corporate stocks and bonds. Article 2 of the Uniform Commercial Code does not govern this Cover - ️️A buyer or lessee's purchase on the open market of goods to substitute fo...

LENB 3135 Chapter 11: Contract Performance, Breach, and Remedies test , Questions and Answers Verified 100% Correct | Latest Updat

LENB 3135 Chapter 12: Sales and Lease Law Exam, Questions and Answers Verified 100% Correct | Latest Update

In addition to NAFTA, name some other other important regional trade agreements. - ️️- CAFTA-DR - KORUS FTA Sovereign Immunity - ️️The United States courts will not hear a case against the government of another nation with limited exceptions Which of the following are included as a "foreign state" under the Foreign Sovereign Immunities Act (FSIA)? a. a political subdivision of a foreign state b. an instrumentality of a foreign state c. a citizen of the foreign state d. a ...

LENB 3135 Chapter 7: International and Space Law Questions and Answers Verified 100% Correct | Latest Update

LENB 3135 Chapter 10: The Formation of Traditional and E-Contracts- Questions & Answers