In an emergency, an administrative agency can act beyond the scope of the statute that
created it.
A bailee’s duty of care for bailed property depends on the type of bailment.
A partner admitted as a partner into an existing partnership has unlimited liability for all
obligations of the partnership arising before such admission.
An employer cannot be held liable for the sexual harassment of an employee by a
supervisor.
Preferred stock is ordinarily nonvoting stock.
An easement may be destroyed by an act of the grantor.
Silence of Congress indicates that Congress is unwilling to make changes to an existing
law.
Funds from the Superfund are used to pay the cost of eliminating or containing
condemned waste sites.
Employers are accountable when employee use e-mails to defame competitors.
A firm offer is an offer that states that it is to be irrevocable, or irrevocable for a stated
period of time.
If an instrument states no time for payment, the note is payable on demand.
For business crimes, managers cannot be held criminally responsible for the conduct of
their employees.
When large-size enterprises plan to merge, they must give written notice to the
Interstate Commerce Commission.
A waiver of a breach may be either express or implied.
When duties under a contract are delegated, the party making the delegation remains
responsible for the performance of the contract just as though no delegation had been
made.
A party who speaks with a reckless disregard for the truth not knowing of the falsity of
his or her words cannot be liable for fraud.
Suzy Anders enters into an oral contract to purchase a tract of land from Bill Hermes.
The land is considered worthless, but Anders feels that she has discovered a possible
usage that would drastically increase the value of the land. To assure herself of the
potential value of the land, Anders orally hires an attorney to investigate the title and
records associated with the land in question. Before gaining any information from her
attorney, Anders orally contracts with a builder to construct a huge building on the site.
Because of the size of the project, a completion time is difficult to predict. Anders now
discovers that the land is indeed useless, a fact that she obtains through information
from her attorney.
Anders now refuses to honor her contracts with Hermes, her attorney, and the builder.
Must Anders honor her contractual agreements?