Business law conduct invalidating assent

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Calhoun Editor-in-Chief: Rob Dewey Acquisitions Editor: Vicky True Developmental Editor: Kendra Brown Marketing Manager: Jennifer Garamy Marketing Coordinator: Gretchen Swann Content Project Manager: Scott Dillon Media Editor: Kristen Meere Sr. 779 Chapter 40: Securities Regulation 854 PART VIII: DEBTOR AND CREDITOR RELATIONS 783 THE SECURITIES ACT OF 1933 856 Chapter 38: Secured Transactions and Suretyship 784 SECURED TRANSACTIONS IN PERSONAL PROPERTY 784 Definition of a Security 856 Registration of Securities 857 Exempt Securities 860 860 863 Exempt Transactions for Issuers Essentials of Secured Transactions Classification of Collateral 786 785 Exempt Transactions for Non-Issuers Attachment 788 Perfection 792 Priorities Among Competing Interests Concept Review: Exempt Transactions for Issuers Under the 1933 Act 864 Liability 865 THE SECURITIES EXCHANGE ACT OF 1934 867 797 Disclosure 868 872 Concept Review: Methods of Perfecting Security Interests 797 Concept Review: Requisites for Enforceability of Security Interests 798 Concept Review: Priorities Default 803 Business Law in Action SURETYSHIP 806 Concept Review: Disclosure Under the 1934 Act Liability 873 Business Law in Action 874 803 Concept Review: Civil Liability Under the 19 Acts 881 Ethical Dilemma: What Information May a Corporate Employee Disclose?

Frontlist Buyer: Kevin Kluck Production Service/Compositor: Cadmus Communications Sr. 882 804 807 Nature and Formation Rights of Surety 809 Chapter 41: Intellectual Property 887 810 Trade Secrets 887 Trade Symbols 890 Trade Names 895 Copyrights 895 Patents 899 Concept Review: Intellectual Property 821 Defenses of Surety and Principal Debtor Ethical Dilemma: What Price Is “Reasonable” in Terms of Repossession?

Operation and Dissolution of General Partnerships.32. Limited Partnerships and Limited Liability Companies.

Formation and Internal Relations of General Partnerships.31.

Form and Content 464 Transfer 481 Holder in Due Course 497 Liability of Parties 519 Bank Deposits, Collections, and Funds Transfers 540 Part VI: Agency 565 29. Relationship with Third Parties 587 © MARK BOND iv [close] Contents in Brief v Part VII: Business Associations 613 31. 515 Chapter 30: Relationship with Third Parties 587 RELATIONSHIP OF PRINCIPAL AND THIRD PERSONS 587 Contract Liability of the Principal Business Law in Action 590 587 Chapter 27: Liability of Parties 519 CONTRACTUAL LIABILITY 519 Signature 520 Liability of Primary Parties 522 Liability of Secondary Parties 523 Business Law in Action 527 Termination of Liability 527 Concept Review: Contractual Liability 528 LIABILITY BASED ON WARRANTY 529 Business Law in Action 593 Tort Liability of the Principal 597 Criminal Liability of the Principal 603 RELATIONSHIP OF AGENT AND THIRD PERSONS 603 Contract Liability of Agent Tort Liability of Agent 603 607 Warranties on Transfer 529 Warranties on Presentment Ethical Dilemma: When Should an Agent’s Power to Bind His Principal Terminate? Chevron Chemical Company, LLC, 456 Border State Bank of Greenbush v.

23 Introduction to Sales and Leases 356 Performance 377 Transfer of Title and Risk of Loss 398 Product Liability: Warranties and Strict Liability 415 Sales Remedies 440 Part V: Negotiable Instruments 463 24. 559 Duties Among Partners 627 Rights Among Partners 630 [close] x Contents Concept Review: Partnership Property Compared with Partner’s Interest 632 Ethical Dilemma: When Is an Opportunity a Partnership Opportunity?

Windows is a registered trademark of the Microsoft Corporation used herein under license. He is currently professor of Business Law at the Kenan-Flagler School of Business, University of North Carolina at Chapel Hill, and is past president of the Southeastern Regional Business Law Association. Barry Roberts is currently professor of Business Law at the Kenan Flagler School of Business, University of North Carolina at Chapel Hill, and is a member of Who’s Who in American Law and the North Carolina and Pennsylvania Bars. Civil Dispute Resolution 50 Constitutional Law 77 Administrative Law 96 Criminal Law 112 Intentional Torts 130 Negligence and Strict Liability 150 Part III: Contracts 173 9. 1052 [close] Contents xiii Chapter 49: Interests in Real Property 1060 Freehold Estates 1060 Leasehold Estates 1062 Concept Review: Freehold Estates 1063 Concurrent Ownership 1070 Nonpossessory Interests 1072 Concept Review: Rights of Concurrent Owners 1072 Applying the Law: Interests in Real Property 1075 Chapter 51: Trusts and Wills 1097 TRUSTS 1097 Types of Trusts 1097 Creation of Trusts 1100 Concept Review: Allocation of Principal and Income Termination of a Trust DECEDENT’S ESTATES 1103 1103 1104 Wills 1104 1108 Business Law in Action Chapter 50: Transfer and Control of Real Property 1080 TRANSFER OF REAL PROPERTY 1080 Intestate Succession 1109 Administration of Estates 1110 Ethical Dilemma: When Should Life Support Cease? Department of Transportation, 102 American Manufacturing Mutual Insurance Company v. Mc Oskar Enterprises, Inc., 253 Any Kind Checks Cashed, Inc.

Macintosh and Power Macintosh are registered trademarks of Apple Computer, Inc. Library of Congress Control Number: 2 0 0 8 9 3 9 3 6 1 Student Edition ISBN 13: 978-0-324-59356-3 ISBN 10: 0-324-59356-2 South-Western Cengage Learning 5191 Natorp Boulevard Mason, OH 45040 USA Cengage Learning products are represented in Canada by Nelson Education, Ltd. in Mathematics from the University of North Carolina at Chapel Hill and a J. He is a member of Who’s Who in America, Who’s Who in American Law, and the North Carolina Bar. Professor Roberts has written numerous articles on such topics as antitrust, products liability, constitutional law, banking law, employment law, and business associations. 1110 Contract of Sale 1081 APPENDICES 1084 Deeds 1082 Secured Transactions Adverse Possession A-1 1086 1086 PUBLIC AND PRIVATE CONTROLS Appendix A: The Constitution of the United States of America A-2 Appendix B: Uniform Commercial Code (Selected Provisions) B-1 Zoning 1086 Eminent Domain 1087 Private Restrictions on Land Use 1090 Appendix C: Dictionary of Legal Terms C-1 Index I-1 Ethical Dilemma: Where Should Cities House the Disadvantaged?

Art Director: Michelle Kunkler Cover/Internal Designer: Craig Ramsdell Cover Image: Main image: © Mark Bond/i Stock Photo Secondary Image: © Getty Images, Inc. 813 Chapter 39: Bankruptcy 820 FEDERAL BANKRUPTCY LAW 901 Case Administration—Chapter 3 822 Ethical Dilemma: Who Holds the Copyright on Lecture Notes?

© 2010, 2007 South-Western, Cengage Learning ALL RIGHTS RESERVED. 902 [close] xii Contents Chapter 42: Employment Law 907 Labor Law 907 Concept Review: Unfair Labor Practices 909 Employment Discrimination Law 909 Business Law in Action 920 Concept Review: Federal Employment Discrimination Laws 921 Employee Protection 921 Ethical Dilemma: What (Unwritten) Right to a Job Does an Employee Have?

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