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Question
AAA Delivery Service contracts to deliver Best Pizza Company's goods to its customers for $5,000, payable in advance. Best pays the money, but AAA fails to perform. Can Best rescind the contract? Can Best also obtain restitution? What does it mean to "rescind" a contract? How is a contract rescinded? What is restitution? How is restitution accomplished? Explain.Answer
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Related questions
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b. look in a telephone directory.
c. review listings in the Martindale-Hubbell Law Directory.
d. all of the above.
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Fact Pattern 41-1
Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly faster computer chip. Adam buys Beta stock and tells his friend Cathy, who also buys Beta stock. When the new chip is announced three weeks later, Adam and Cathy sell their stock for a big profit.
Refer to Fact Pattern 41-1. Regarding Adam's profits on the purchase and sale of Beta stock, under Section 16(b) of the Securities Exchange Act of 1934 Beta may recapture
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Q:
Fact Pattern 41-1
Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly faster computer chip. Adam buys Beta stock and tells his friend Cathy, who also buys Beta stock. When the new chip is announced three weeks later, Adam and Cathy sell their stock for a big profit.
Refer to Fact Pattern 41-1. Under SEC Rule l0b-5, Adam would not be liable if he had waited to buy Beta stock until
a. after Adam told Cathy of the new chip.
b. after Cathy bought Beta stock.
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b. for a violation of a treaty of the United States or of the law of nations.
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c. a licensing.
d. an expropriation.
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China and India form an agreement to govern their commercial exchanges with one another. This is
a. a bilateral agreement.
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c. a multilateral agreement.
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