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The scope of an agent's authority is always known by the third party.
Negligence and fraud are easy to prove in a mass production world.
The relationship of landlord and tenant is always created by an express contract.
Employment law is based on a combination of contract law and the law established by
courts, lawmakers, and administrative agencies.
The assumption of risk defense has been abolished in several states.
A third party arrangement occurs when a corporate officer agrees to be personally liable
for a corporate note.
The United States Constitution provides that we have a right to be free from intrusions
by others.
A house-painting contract is discharged if continual rain makes it impossible to
complete the painting by the time specified in the contract.
The parol evidence rule does not apply to changes made after the signing of the
contract.
Consideration always must be an act or the promise to perform an act.
Whether there has been a waiver is a question of fact.
A coinsurance clause requires the insured to maintain insurance on the covered property
up to a certain amount or a certain percent of the value, generally 80 percent.
If a lost negotiable instrument is in bearer form at the time of the loss, the finder is
entitled to enforce payment.
A warranty may be express or implied.
A promissory note that is payable "on the date of my marriage" is nonnegotiable even if
the maker of the note marries.
Investors who lack inside information and have sold their stock during the relevant time
period may recover damages from insiders who have made use of the undisclosed
information.
A promise to grant a mortgage on real property does not require written proof because it
is not a transfer of land.
