ICCSSL Business Law study plan

Diagram the offer-acceptance sequence for common-law contracts and for UCC Article 2 sales, marking where the mailbox rule, option contracts, and UCC 2-207 differing or additional terms change the outcome.

Reconstruct from memory the Statute of Frauds categories, the UCC 2-201 merchant confirmation exception, and the main-parties signature rules, then self-grade against your outline and rewrite every gap in your own words.

Distinguish consideration from promissory estoppel and from the pre-existing-duty and modification rules, including UCC 2-209 no-consideration modifications, using six short hypotheticals you write yourself.

Solve 40 multiple-choice items on formation and consideration, and log each miss with the single rule that would have produced the right answer.

Tabulate the defenses to enforceability, separating formation defects (fraud, duress, mistake, incapacity) from enforcement defenses (unconscionability under UCC 2-302, illegality, statute of frauds), and note the remedy consequence of each.

Apply the parol evidence rule and the commercial impracticability standard of UCC 2-615 to four fact patterns, writing one paragraph per pattern that states the outcome and the reason.

Compute expectation, reliance, restitution, and liquidated damages in three breach scenarios, and test each liquidated damages clause against the UCC 2-718 reasonableness standard.

Explain aloud, without notes, the rules governing assignment and delegation and third-party beneficiary classification, capping the explanation at five minutes.

Build a comparison grid of sole proprietorship, general partnership, limited partnership, LLC, and corporation covering formation, liability shield, management, taxation, and dissolution triggers.

Trace how the business judgment rule, the duty of care, and the duty of loyalty operate in a conflict-of-interest transaction, and state when entire fairness review displaces the presumption.

Map shareholder remedies, including derivative suits, demand requirements, inspection rights, and the special litigation committee device, onto two governance failure scenarios you construct.

Reconstruct the fiduciary duties of partners and LLC members under the uniform acts, and identify where the statutory default rules permit alteration by agreement.

Apply UCC Article 2 performance rules, covering tender of delivery, the perfect tender rule, the seller's cure right, and installment contract standards, to five buyer-seller disputes.

Differentiate the risk-of-loss rules for shipment and destination contracts, and identify how a breach before risk passes shifts the loss back to the seller.

Distinguish express warranties, the implied warranty of merchantability, and the implied warranty of fitness for a particular purpose, and state the notice and privity limits on each.

Compare UCC gap-filling terms with CISG default rules on place of delivery, price, and conformity, listing at least six divergences.

Classify agency relationships as actual express, actual implied, or apparent in six scenarios, and state the principal's liability for each under contract and tort theories including respondeat superior.

Explain the fiduciary duties an agent owes a principal and the principal's duties of compensation and indemnification, and identify the events that terminate agency by operation of law.

Summarize the statutory framework for wages, overtime, family and medical leave, and workplace safety, and identify which employment claims fall under which administrative exhaustion requirement.

Apply the elements of negligence, strict products liability for design, manufacturing, and warning defects, and the principal affirmative defenses to a consumer-injury fact pattern, writing a full IRAC answer.

Trace negotiability requirements, indorsement types, holder-in-due-course status, and the real and personal defenses available against a holder, using a chain-of-indorsement problem you build.

Walk through attachment and perfection of a security interest, ranking rules, purchase-money priority, and the filing system, then apply them to a competing-creditors dispute.

Outline the core prohibitions of the antitrust statutes, distinguishing per se offenses from rule-of-reason analysis, and match each to a fact pattern involving price fixing, tying, and monopolization.

Map the compliance obligations of securities offering exemptions, consumer financial protection, and privacy regulation onto a mid-size company's expansion plan.

Match each intellectual property right to its subject matter, duration, registration requirement, and infringement standard, and identify at least two overlap situations such as software protected by both copyright and trade secret.

Draft a licensing term sheet covering scope, exclusivity, royalty structure, sublicensing, warranties, indemnity, and termination, naming the clause that allocates infringement risk.

Order the bankruptcy estate claims under the priority scheme and identify which debts survive discharge in a chapter 7 case, including the nondischargeability grounds for fraud and willful injury.

Explain the automatic stay, the treatment of executory contracts, preference avoidance, and the mechanics of a chapter 11 plan confirmation in a two-page narrative without consulting materials.

Apply the professional conduct rules on competence, confidentiality, conflicts of interest, fees, and candor to two disciplinary scenarios, stating the violation and the correct course of action.

Compare the buyer and seller obligations under the international sales convention with the INCOTERMS delivery terms, and identify which document governs when the contract is silent.

Explain documentary credit mechanics, force majeure and hardship clauses, and arbitral enforcement under the New York Convention, using one cross-border shipment dispute.

Complete two full-length timed practice exams and produce a prioritized list of the ten rules you missed most often, with a one-line memory hook for each.