How does a merchant differ from a seller

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Reference no: EM132353279 , Length: word count:4000

Business Law Questions -

Part A -

1. Why does government regulate business?

2. What is the difference between regulatory and nonregulatory agencies?

3. What is the procedure a federal agency must follow to develop a new rule?

Part B -

1. What is a warranty, and to what does a seller agree by making one?

2. What are the warranties made by all sellers? Briefly explain each of them.

3. How does a merchant differ from a seller?

4. What is a negotiable instrument?

5. How does the owner negotiate a negotiable instrument?

6. What is a demand instrument?

7. State the seven requirements of negotiability.

8. Must a draft contain the word "order" to be negotiable?

9. Does a reference in an instrument to a separate agreement make the order or promise conditional? Explain.

10. Who are the original parties to a promissory note? Explain.

11. What are the differences among a bond, a collateral note, a real estate mortgage note, a debenture, and a certificate of deposit?

12. Why must a time draft payable a specified number of days after sight be presented for acceptance?

13. What is an indorsement?

14. If an instrument is to be indorsed, where must the indorsement be found?

15. When there are multiple payees on an instrument, how can one know whether all must indorse or only one need indorse the instrument to negotiate it?

16. Upon what does imposition of liability on parties to negotiable instruments under the UCC depend?

17. What conditions must be met for a party to be held secondarily liable?

18. What are the three required conditions for a holder to be a holder in due course?

19. Why are there always three parties involved when an agent enters into a contract for the principal?

20. May all acts be delegated to an agent?

21. What authority does a general agent have in addition to express authority?

Reference no: EM132353279

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len2353279

8/6/2019 9:55:03 PM

Instructions: Need 4000 words. Every response must be properly cited. Proper citations rules must be followed (APA for all majors, except Legal Studies students, who must follow the Uniform Bluebook of Citations). All responses must be thorough, which requires at least 150 words per response. Do not include questions. Only submit your response. Including the question will increase the "matching" percentage as per SafeAssign, which will affect your "originality" grade. Draft your responses in MS Word or Google Docs to ensure that all work is saved. Upload one attachment for all responses in this Unit. Only use Times New Roman font (size 12) with one-inch margins on each side of your document. Number each response accordingly to ensure proper grading.

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