Employment testing and educational requirements must be “job-related”; that is,
employers must prove that employment testing and educational requirements bear a
relationship to job performance.
The statement, “I doubt that I can perform the contract,” is a repudiation of the contract.
An employee is hired to work under the control of the employer and the
employer-employee relationship requires the consent of both parties.
A bona fide purchaser of stock is shielded from the claim that the transfer was made in
violation of a transfer restriction that was unknown to the purchaser and that was not
noted conspicuously on the certificate.
A notice of dishonor may be oral, written or electronic.
If a crime does not hurt an identifiable person, it is not a tort.
The aim of consumer protection legislation is to protect persons of limited means and
limited knowledge.
Individual intentions, as expressed in contracts and wills, will not be given effect in the
United States unless expressly authorized by law.
The rights of a holder of a duly negotiated warehouse receipt are extinguished by the
warehouser’s surrender of goods to the depositor.
A corporation must have at least two shareholders.
Any false statement in an application binds the insured.
If monetary damages would be an adequate remedy, then an action for specific
performance is not appropriate.
The distinction between offer and acceptance is no longer relevant in cyberlaw.
A limited partner may never sue the business.
Rejection of an improper tender of goods constitutes a revocation of acceptance on the
part of the buyer.
The debts of a decedent are paid prior to distribution of any balance of the estate to
those entitled to receive it.
Negotiation of commercial paper results in lesser rights to transferees than those rights
afforded assignees of contracts under contract law.
A contract made by an incompetent person after a guardian has been appointed is
voidable.
Due diligence is the process by which the buyer of property conducts a thorough
investigation of the property and its uses to determine whether environmental or
nuisance problems exist.
The Insider Trading and Securities Fraud Enforcement Act of 1988 gave the SEC
authority to bring an action against an individual purchasing or selling a security while
in possession of material, inside information.