Study Plan

Only available on StudyMode
  • Topic: Ethics, Contract, Business ethics
  • Pages : 10 (1916 words )
  • Download(s) : 451
  • Published : February 25, 2012
Open Document
Text Preview
LWC1 STUDY PLAN
CONTRACTUAL RELATIONSHIPS

Chap Study Questions
-10
1. What is the definition of a contract? An agreement between two or more parties for the doing or not doing of something specified. 2. Describe the various types of contracts. 1) Bilateral and Unilateral 2) Express and Implied

3) Executory and Executed

3. Identify and describe the theories of recovery in contract law. -17
1. What conditions would constitute a discharge of a contract? 1) Material breach 2) Minor breach
3) Anticipatory breach
4) Mutual Rescission
5) Accord/Satisfaction

2. Describe the conditions for a discharge of a contractual obligation. Full performance: the parties do what they promise.
Agreement: termination by mutual agreement.
3. Describe types of acceptable performance of a contract. Strict and substantial performance. Strict: requires one party to perform its duties perfectly. Substantial: generally sufficient to entitle the promisor the contract price, minus the cost of defects in the work. 4. What constitutes a breach of a contract? An unjustifiable failure to perform all or some part of a contractual duty without a valid excuse. -18

1. What is the definition of remedies? Methods the courts use to compensate an injured party 2. Describe the various types of remedies in contracts.
3. Identify and describe the theories of recovery in contract law General Questions
1. What is the point at which a legal agreement is said to have occurred? 2. What is the difference between an enforceable, unenforceable, express and implied contract? 3. Describe a situation where a breech of contract has occurred. 4. If there is a breech of contract, what remedies are available? Key Topics

1. Types of Contracts
2. Breech of Contracts
3. Remedies for Breech of Contracts

GOVERNMENT REGULATION OF BUSINESS

Chap Study Questions
39
1. What are the Sherman and Clayton Antitrust Acts?
2. Describe the key provisions of the Sherman and Clayton Antitrust Acts 3. Describe the variety of aggressive business actions that are illegal as violations of antitrust regulations. 40
1. What is the role of the Federal Trade Commission?
2. Describe prohibited sales activities under the FTC Act?
3. How is consumer credit regulated?
4. What is the Magnuson-Moss Warranty Act?
5. What government regulations apply to consumer product safety? 41
1. What is the role of the Environmental Protection Agency? 2. Describe requirements of the Clean Air Act?
3. Describe requirements of the Clean Water Act?
4. Identify regulations regarding waste disposal that business must follow? 5. What government regulations apply to consumer product safety? General Questions
1. What are common types of antitrust violations?
2. What is the Sherman Antitrust Act of 1890?
3. Describe the Clayton Antitrust Act of 1914.
4. What is the role of Federal Trade Commission?
5. What requirements were specified by the Federal Trade Commission Act of 1914? 6. What requirements are set forth by the Environmental Protection Agency? 7. Describe the Clean Air Act of 1963 and the Clean Water Act of 1977.

Key Topics
1. Antitrust Violations
2. Sherman Antitrust Act of 1890
3. Clayton Antitrust Act of 1914
4. Federal Trade Commission
5. Clean Air Act of 1963
6. Clean Water Act of 1977

DISPUTE RESOLUTION

Chap Study Questions
3
1. Describe alternative dispute resolution techniques.
2. List the advantages and disadvantages of the various alternative dispute resolution options. 3. How does the court system function in resolving disputes? 4. Compare and contrast the legal process for dispute resolution with alternative dispute resolution options. Key Topics

1. Dispute Resolutions – General
2. Mediation
3. Arbitration
4. Types of Courts

LABOR AND EMPLOYMENT LAW

Chap Study Questions
30
1. Describe the Family and Medical Leave Act, COBRA.
2. What are actions which would constitute...
tracking img