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Bylaws are the internal rules of management for a corporation.
All oral contracts are enforceable under the UCC.
Home equity is the portion of a home's value that is "paid off."
In most contracts, promises of performance are not expressly conditioned.
There is really no reason to be acquainted with business laws and government regu-
lations, except to pass this test.
A corporation whose security does not qualify for an exemption can avoid the cost and
complexity associated with registration.
Express powers of a corporation can be found in the articles of incorporation.
The possession of monopoly power alone does not constitute the offense of
monopolization.
If the goods or their tender fail to conform to the contract, the buyer can accept part and
reject part.
Once the time for performance under the contract has expired, the seller or lessor can
never exercise the right to cure.
A quasi contract is not a true contract.
There is at least one circumstance in which a person cannot refuse to testify on Fifth
Amendment grounds.
A gift must be supported by legally sufficient consideration.
The TRIPS agreement covers computer programs.
The Eighth Amendment prohibits excessive bail and fines, as well as cruel and unusual
punishment.
The simplest form of business is a sole proprietorship.
All contracts must be in writing to be enforceable.
