Administrative agencies may make the rules, police the community to see the rules are
obeyed, and sit in judgment to determine violations of their rules.
Copying trademarks by using the Internet is an intellectual property issue.
The Willett Seed Company stored its goods with the Augusta Warehouse Company and
received a negotiable warehouse receipt. The Willett Seed Company then borrowed
money from the Georgia Railroad Bank and pledged the warehouse receipt as security.
The seed company defaulted, and the bank demanded the goods from the warehouse.
The warehouse stated that it already had delivered the goods to the seed company on
the strength of that company’s promise that it would surrender the receipt shortly
thereafter. The bank sued the warehouse for the value of the goods. Will the bank win?
When a provision of an endorsement conflicts with a provision of a policy, the
endorsement controls.
Unlike warehouse receipts, bills of lading and airbills are documents of title.
The attorney general of a state may bring a class action suit to recover damages for
those injured by an antitrust violation which raised prices.
A crime consists of three elements: the mental state, the intent, and the act.
An otherwise vague contract may be clarified by references in the contract to other
documents or agreements.
An output or requirement contract is not enforceable unless the parties include an
estimate of prospective amounts.
When the time for payment of rent is not fixed by the lease, rent is generally held to be
due in advance.
An involuntary bankruptcy case is commenced by creditors filing a petition with a
bankruptcy court.
A bank must be given a reasonable amount of time to put a stop payment order into
effect.
Shares of stock that have been issued to stockholders in a corporation are said to be
outstanding.
Title and risk of loss always pass to the buyer at the same time.
The bid of each contractor for a job is considered an offer.
An administrative agency is barred from examining the records of a business enterprise
by the constitutional guarantee against unreasonable searches and seizures.