New York follows the “contact” rule in determining when third persons can sue
accountants for negligence.
Until proven valid, a rule adopted by an administrative agency is considered invalid by
the courts.
If a thief sells stolen property to a good-faith buyer, the buyer acquires title to the
property.
When contributory negligence is proven, damages awarded as reduced based on the
plaintiff’s degree of fault.
Unlisted companies that have assets less than $10 million and fewer than 500
shareholders are subject to the reporting requirements of the Securities Exchange Act of
1934.
A letter from a collection agency to a consumer that gives the impression a lawsuit is
about to be brought against the consumer when in fact it will not be brought is not a
violation of the Fair Debt Collection Practices Act.
Larceny is best defined as the taking of personal property from the presence of the
victim by the use of force or fear.
All types of patents available under U.S. law are entitled to the same quality and
duration of protection once initial filing is perfected with the Patent and Trademark
Office in Washington, D.C.
Manis owns 100 shares of stock of the Linquist Corporation. She sells her stock to
Sosnik and delivers to him: (1) her stock certificate for 100 shares and (2) a written,
signed assignment of the 100 shares to Sosnik. The assignment form printed on the
back of the share certificate is left blank and is not signed. Sosnik refuses to take the
certificate and the assignment on the ground that Manis must fill in and sign the
assignment form on the stock certificate to make the transfer of stock effective. Is he
correct?
An offeror makes an offer to an offeree.
Bad faith sometimes exists just because a transferee takes an instrument under odd
circumstances.
The formation of contracts in cyberspace is always governed by the law of the United
States.
For the past century, the United States Supreme Court has generally followed the
“living document” view in interpreting the Constitution.
Within each state in the United States, only one constitution is in force.
The United States Supreme Court can never function as a court of original jurisdiction.
A holographic will is an unwitnessed will that is written by the testator entirely by hand.