A course of performance is the conduct that occurs under the terms of a particular
agreement.
Insurance coverage is never effective until a formal written policy is issued.
All states require that members of certain professions to have licenses.
Generally, federal securities law are patterned after states’ antifraud laws.
Food labels are not required to provide standard nutrition facts.
Under the doctrine of strict liability, people are liable for the results of their acts only if
their intentions are malicious.
An offer does not need to be communicated to the offeree to become effective.
The measurement of compensatory damages for breach of contract is the same for all
types of contracts.
A lender’s failure to comply with federal mortgage disclosure requirements extends the
borrower’s right to rescind the loan to no more than seven days.
The Sherman Act, the Clayton Act and the Federal Trade Commission Act are all
examples of legislation designed to curb anticompetitive business practices.
Anyone who writes a book has automatic international copyright protection.
A third party cannot sue one of the partners of a partnership without suing all of the
partners.
Sales of securities must occur within five days of registration.
Focusing on a firm’s short-term profits without considering the company’s long-term
needs may be acting unethically.
A director is a fiduciary of a corporation.
Any judgment is enforceable.
If an offeror does not expressly specify a certain mode of acceptance, then acceptance
can be made by any reasonable means.