REG 8 MISC BK Flashcards
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What makes a document of title negotiable?
If by terms goods are to be delivered to order or to bearer.
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What is Article 7 concerned with?
Warehouse receipts and bills of lading.
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What are warehouse receipts?
They represent goods stored in a warehouse.
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Define bills of lading.
Goods that are being transported by a carrier.
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What is a conglomerate merger?
A merger by companies in different industries.
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Define monopoly.
When a firm has sufficient market power to control prices or exclude competition (a firm that has 70% + market share).
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GR: What types of restraints are illegal per se? What types use rule of reason?
Horizontal restraints are illegal per se. Vertical restraints use rule of reason.
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When is a CTR needed?
For transactions over $10,000
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Who pursues criminal enforcement actions for money laundering?
Only the DOJ.
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Purpose of ERISA?
To establish rules for retirement plans in cases where the employer already has a retirement plan in place. It does not require the employer to have a plan.
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What does the equal pay act pertain to?
Sex only.
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What does Title VII cover?
All types of discrimination except age discrimination.
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How much of a given debt do co-sureties have to pay?
They always have to pay their pro-rata share, based on their maximum liability.
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What is exoneration in cases of suretyship?
“Fuck you principal, you pay”
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What is subrogation in cases of suretyship?
“I’ve paid your debt and I’m the creditor now, principal. And I’m gonna show up at your house every Saturday.” (“Tony Soprano” clause)
