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To be enforceable, a memorandum evidencing an oral contract that would otherwise be
unenforceable must include all essential terms.
In most states, if neither party requests a jury, there will be no jury trial.
A seller must provide a written warranty for consumer goods.
If a seller is not a merchant, and the seller holds the goods, the risk of loss cannot pass
to a buyer.
The article of corporation cannot exclude shareholders voting rights.
A defendant may be relieved of liability by showing that a criminal act was necessary to
prevent an even greater harm.
Under certain conditions, a purchase-money security interest will take priority over a
previous creditors interest in after-acquired property.
Business ethics applies only to the owners, operators, and employees of corporations.
Gender can be a determining factor in an employers decision to hire, fire, or promote an
employee.
A person who does not know about a reward can still claim it.
A corporate director is the owner of the corporation.
The death of a customer revokes a banks authority to pay an item.
General Equity Corporation enters into a contract with Honi, who agrees to create
artwork for Generals main office building. Honi delays and eventually refuses to
perform. Meanwhile, General contracts to sell the building to Ideal Investments, Inc.,
but before the transaction is complete, Jewel Funds Company offers to pay a higher
price. General refuses to transfer the building to Ideal. In separate suits by General
against Honi and by Ideal against General, each plaintiff seeks specific performance.
How might the court rule in each case, and why?
Private offerings of securities in unlimited amounts can be exempt from the registration
requirement of the Securities Act of 1933.
Under the Fourth Amendment, a general search warrant and a general search through a
persons belongings are permitted.
