Quasi contracts are often used by courts, even in cases where there is an actual contract
that covers the area in controversy.
Class-action lawsuits are suits in which a number of persons join together to bring an
action.
If no time for acceptance is specified in an offer, the offer terminates after a reasonable
length of time.
An instrument “payable to bearer” is transferable but not negotiable.
Constructive delivery occurs when property is physically transferred.
Eppie gives a check to Fund Investments to buy 100 shares of stock in GR8 Tech
Corporation for Eppie. The price of the shares is constantly fluctuating. Fund
Investments asks Eppie to leave the amount of the check blank and allow it to fill in the
price when making the purchase. Eppie agrees. Fund Investments buys the stock when
the price is $4,000, but fills in the check for $5,000. The check is negotiated as payment
for a $5,000 debt to Hasty Accounting Services, which takes the check in good faith and
without notice of Fund Investment’ act. Hasty later learns that Fund Investments was
not authorized to fill in the check for $1,000 over the price. Is Hasty an HDC? If so, for
how much?
Statements made by in judicial proceedings are NOT privileged communications and
may be the basis for defamation.
A principal is responsible for all intentional torts committed by an agent.
A default judgment is a judgment entered against the party who brought the claim
before the court.
Dieter’s will provides for a distribution of his assets on his death. Who will “distribute”
Dieter’s property, and what are the steps involved?
The verdict in a summary jury trial is binding.
Food labels are not required to provide standard nutrition facts.
Any criminal activity occurring via a computer in the virtual community of the Internet
is a cyber crime.
A sole proprietorship lacks continuity on the death of the proprietor.
One cannot acquire ownership by possession by “capturing” a wild animal.
To qualify as a commercially reasonable sale, a secured party’s sale of collateral, after
default and repossession, must be private.
A special indorsement names the indorsee.