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A third party cannot sue one of the partners of a partnership without suing all of the
partners of the partnership.
Any breach allows the nonbreaching party to sue for damages.
The alter-ego doctrine can be applied to a limited liability company.
An administrative adjudicatory hearing does not have to meet the constitutional
standards of due process.
Restrictions on imports may include prohibitions.
The Sherman Act, the Clayton Act and the Federal Trade Commission Act are all
examples of legislation designed to curb anticompetitive business practices.
The key federal statute regulating the credit and credit-card industries is basically a
disclosure law.
For an offer to be effective, the offeror must have a serious intention to become bound
by the offer.
Conditioning the sale of one product on the purchase of another is an exclusive-dealing
contract.
An employer may not hire an illegal immigrant under any circumstances.
A sole proprietorship lacks continuity on the death of the proprietor.
The UCC views the entire commercial transaction for the sale and payment for goods as
a single legal occurrence.
The rights of a third party beneficiary under a contract vest if the third party materially
changes his or her position in justifiable reliance on the promise.
Force majeure clauses in international business contracts commonly set forth the major
clauses of the contracts.
A bank that pays a customer's check with a forged drawer's signature can generally pass
the loss onto the customer.
Under the Statute of Frauds, fixtures, such as buildings, growing crops and minerals,
are treated as real property.
Plant life is not considered to be real property.
Corporate officers can usually be removed by the board of directors without cause.
