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An indorsement limiting payment to a particular person is effective.
The Code does not excuse performance based upon commercial impracticability.
Any debtors may seek relief under Chapter 7 of the Bankruptcy Code.
Most courts consider a merger clause to be conclusive proof of an integrated contract.
In general, minors have liability for their torts.
How are remedies of the seller for breach of contract by the buyer categorized by their
orientation? What remedies are within each of the categories?
In a civil case, as few as six jurors are permitted, but there must be 12 jurors in a
criminal case.
The Code has expanded the rights of good faith purchasers with respect to sales by
minors.
The Third Restatement of Torts limits the defense of assumption of risk to express
assumption of the risk.
The element of exchange is absent where a promise is given for an act that has already
been done.
A nonprofit corporation may make a profit, but it may not be distributed to members,
directors, or officers.
Foreseen plaintiffs under the Restatement view of tort liability for an accountant include
potential investors and the general public.
A negotiable electronic document of title running to the order of a named person or
bearer is negotiated by delivery which, according to Revised Article 7 of the UCC,
means a voluntary transfer of control.
Statutory provisions do not protect creditors upon the dissolution of a corporation.
The Revised Act requires that demand be made upon the board of directors to enforce
the corporate right at issue in all cases as a prerequisite to bringing a derivative suit.
Upon the death of a beneficiary who held more than a life estate, his interest in the trust
reverts to the trustee.
Incidental damages do not include expenses in connection with effecting cover.
Copyright protection lasts for the period of an author's life plus an additional 75 years.
