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To be ethical is to "do the right thing but it does not otherwise "pay.
If a note is payable in thirty days, payment is due by midnight on the thirtieth day.
Under federal law, an employer can dismiss an employee because his or her wages are
being garnished.
Even after a tenant assigns a lease, the tenant may be obligated to pay rent.
With an interest-only mortgage, the borrower can choose to pay only the interest
portion of the monthly payment for a specified period of time.
An agency relationship may not occur by operation of law in a family.
A profit is the right to make limited use of another persons real property without taking
anything from the property.
Few securities can be resold without registration.
Certain liquidation cases may be converted to repayment plan cases with the consent of
the debtor.
Expenses that are caused directly by a breach of contractsuch as those incurred to
obtain performance from another sourceare incidental damages.
Under rules of professional misconduct, an attorney should not engage in conduct
involving deceit.
An oral promise that an employer makes to employees regarding discharge policy may
be considered part of an implied contract.
If a principal does not ratify an unauthorized contract, the principal is not bound.
A trade name cannot be registered with the federal government if it is also a trademark.
A free-writing prospectus may be used before the Securities and Exchange Commission
completes its review of a related registration statement.
Damages are designed to punish a breaching party and deter others from similar
conduct.
An attorney may be liable in negligence to any third party who the attorney knows will
rely on the attorneys work.
In most states, a release requires a signed writing.
