Business Law Notes, Questions, and Study Resources

what is a Lease

A product made in conformity with a manufacturer’s design specifications is not considered defective regardless of a flaw in the design. Group of answer choices True False

Under the doctrine of strict liability, a defendant’s liability depends on privity of contract. Group of answer choices True False

Juliah, married out of community of property to Pieter, died intestate on 1 October 2024. She is survived by the following persons: 1. 2. 3. 4. Pieter, her spouse; Her two daughters, Sue and Lara; Three grandchildren, Lucy and Olga (children of a predeceased son, Chris) and Ethiel, Sue's son; Debbie, Susan's daughter from a previous marriage. REQUIRED: Show how this intestate estate will be distributed, with the aid of a diagram, if the distributable amount in Susan’s estate amounts to R3 100 000.

What are the powers and functions of the Tariff Advisory Committee?

"Which of the following is an example of a general partnership? Yvonne opens her first business selling sporting goods. She hires a marketing manager, an accountant, and several sales staff to help her manage the demand for her goods. When she files her annual taxes, she claims 100% of the profits of the business on her individual tax return. Stefanie's photography business has grown so quickly that she needs to invest in more equipment. She brings in a partner who provides the capital to purchase the new equipment, but who has no control over the day-to-day operations of the business. Jonathan and Craig's catering business is going through a rough patch wherein the debts exceed the income. Jonathan is worried because he is personally liable for the whole of the company's debts, but Craig is only liable for the initial $50,000 that he invested. Ken and Paul start a graphic design business together. When Ken fails to deliver on a contract with a customer, Ken and Paul are held equally responsible when the customer sues for damages."

Request For Proposal (RFP) What is the purpose of an RFP? Where have you seen or used an RFP? Describe the five guidelines for drafting a formal RFP when hiring external contractors.

The most common civil lawsuit in the health care industry is an action known as a _____________. A. contract dispute B. property dispute C. tort D. class action case