Xenia and Yasmin have agreed that so long as Xenia owns less than 30% of the shares of their corporation XY Corp. Xenia is not entitled to name herself or anyone else to the board of directors. Yasmin causes XY to double the number of shares it has outstanding in the hands of third parties so as to ensure that Xenia will not have any chance of owning 30% or more of XY Based on the result in the litigation between eBay and Craigslist in the class slides in the Learning Module for business organizations, Xenia would be successful in challenging this action by Yasmin and XY. True O False Craft Engineering, Inc., contracts for a sale of technical instruments to Detail Design Company, on which performance is due, Craft notifes Detail that it will not perform. This is O rejection of performance. O anticipatory repudiation. O revocation of acceptance. O perfect tender. According to the UCC, which of the following would most likely NOT be considered a "merchant: eBay seller specializing in "Star Wars" memorabilia O Best Buy O your retired Aunt Fern selling a used television at a garage sa O McDonald's Karen is injured while driving a sports car manufactured by Excel Motor Car Company. Karen sues Excel, and alleges that there were design defects in the car that caused her injuries. As demonstrated in Case 14.3. Riley v.Ford Motor Co., a court O will only find for Karen if there was a manufacturing defect o will weigh Karen's recklessness in driving the car against the utlity of having enjoyable sports cars on the road Owill weigh the risk of harm from the detect apainst its utility to Karen and the public will automaticaly nule in favor of Karen because sports cars are inherently dangerous Dede dropped out of Evergreen University without paying all of her tuition for her last semester. Dede then fled for bankruptcy. Later, Dede asked that Evergreen provide her with a copy of her transcript. Under the reasoning of Case Example 149, In re Kuehn,if Evergreen refused to provide her with a copy until she paid her tuition, this would violate O the preferential transfers prohibitions of the bankruptcy code O the automatic stay provisions of the bankruptcy code the basic living expenses provisions of the bankruptcy code the subrogation provisions of the bankruptcy code The majority of all bankruptcies in the U.S. are related to medical debt credit card debt O student loan debt O gambling debt Xenia and Yasmin have agreed that so long as Xenia owns less than 30% of the shares of their corporation XY Corp. Xenia is not entitled to name herself or anyone else to the board of directors. Yasmin causes XY to double the number of shares it has outstanding in the hands of third parties so as to ensure that Xenia will not have any chance of owning 30% or more of XY Based on the result in the litigation between eBay and Craigslist in the class slides in the Learning Module for business organizations, Xenia would be successful in challenging this action by Yasmin and XY. True O False Craft Engineering, Inc., contracts for a sale of technical instruments to Detail Design Company, on which performance is due, Craft notifes Detail that it will not perform. This is O rejection of performance. O anticipatory repudiation. O revocation of acceptance. O perfect tender. According to the UCC, which of the following would most likely NOT be considered a "merchant: eBay seller specializing in "Star Wars" memorabilia O Best Buy O your retired Aunt Fern selling a used television at a garage sa O McDonald's Karen is injured while driving a sports car manufactured by Excel Motor Car Company. Karen sues Excel, and alleges that there were design defects in the car that caused her injuries. As demonstrated in Case 14.3. Riley v.Ford Motor Co., a court O will only find for Karen if there was a manufacturing defect o will weigh Karen's recklessness in driving the car against the utlity of having enjoyable sports cars on the road Owill weigh the risk of harm from the detect apainst its utility to Karen and the public will automaticaly nule in favor of Karen because sports cars are inherently dangerous Dede dropped out of Evergreen University without paying all of her tuition for her last semester. Dede then fled for bankruptcy. Later, Dede asked that Evergreen provide her with a copy of her transcript. Under the reasoning of Case Example 149, In re Kuehn,if Evergreen refused to provide her with a copy until she paid her tuition, this would violate O the preferential transfers prohibitions of the bankruptcy code O the automatic stay provisions of the bankruptcy code the basic living expenses provisions of the bankruptcy code the subrogation provisions of the bankruptcy code The majority of all bankruptcies in the U.S. are related to medical debt credit card debt O student loan debt O gambling debt
