Argument:  This bread machine was made by the same company that made my coffeemaker. I’ve had the coffeemaker for 3 years and it works great, so this bread machine should work fine. In the argument above, who or what is the source analogue? (REMEMBER: In all of these “fill in the blank” answers, be sure to type in each answer very carefully (including correct spelling) so that D2L would not mark it entirely wrong  due to a simple error by the student.)

Name this legal term: The action of a court to disregard the corporate entity and hold the shareholders personally liable for corporate debts and obligations. “Piercing the __________________ ____________________” (2 words)

What is the source of law for the “Franchise Rule”?  

Suppose an individual constructs a rocking chair with lumber that they do not own. The rocking chair is more valuable than the raw materials it was made with, the lumber. Who should legally gain title to the rocking chair?    

Department heads in independent agencies can be constitutionally removed by the President at will.

Principal is a classic automobiles dealer. As is common in the classic automobiles business, Principal acquires inventory by using a group of buyers to purchase classic automobiles on his behalf. The buyers are given credentials identifying them as buyers for Principal, and they use these credentials to introduce themselves to potential sellers. The buyers, using Principal’s contract forms, enter into contracts with sellers. Principal trains the buyers to be able to evaluate potential purchases and sends them into the field with specific instructions as to the items Principal wants them to buy. Agent, one of Principal’s buyers, was sent out to purchase classic automobiles for Principal. Agent was expressly prohibited from committing Principal to pay more than $15,000 cash for any one car. Agent was also expressly limited to only contracting to purchase classic automobiles made before 1975. Agent was specifically prohibited from agreeing to purchase any Jaguar or Mercedes-Benz. Agent was provided with credentials to introduce themselves to potential sellers along with Principal’s contract forms to use for any contracts with sellers. Principal’s contract forms included prominent language indicating that the form was not to be used to purchase a Jaguar or Mercedes-Benz, due to some bad luck Principal had in the past with some rogue agents. During the next several months, the following transactions took place:Using Principal’s credentials, Agent contracted to buy a 1963 Buick for $17,000 from Buickseller, who believed that Agent was acting on behalf of Principal.  Principal, who has received a demand from Buickseller, does not want to pay $2,000 more than his maximum intended budget for the ’63 Buick and tells Buickseller he doesn’t want to purchase the car. Agent contracted with Jaguarseller to purchase a 1970 Jaguar on Principal’s behalf for $15,000. Principal now refuses to pay Jaguarseller. When Principal learned of Agent’s transactions with Buickseller and Jaguarseller, he decided to stop using Agent as his buyer. Principal sent Agent a letter terminating his agency and asking Agent to return the credentials that Principal had provided to Agent. Is Principal liable to:1. Buickseller for the purchase of the 1963 Buick? Explain. 2. Jaguarseller for the purchase of the 1970 Jaguar? Explain.

Personal property that is installed for a commercial purpose by a tenant, who leases the real property from a landlord. What is this personal property called?  “________________ Fixture”

Name 3 official ways for a corporate fiduciary to breach the duty of loyalty.

Which of the following enables courts to reverse agency actions that are “arbitrary, capricious, or an abuse of discretion”?

Select the legal term for this nonpossessory property interest: a right to cross or otherwise use someone else’s land for a specified purpose.