Selling securities under an exemption for which the securities do not qualify results in
liability.
The equal dignity rule requires the parties to a transaction to treat each other with equal
dignity.
A signature can be made by use of any device or machine.
A contract does not need to be in writing to be enforceable if the contract makes
performance within one year possible.
The doctrine of promissory estoppel does not apply unless there is a clear and definite
promise.
A director or officer is required to exercise the care that an ordinarily prudent person
would exercise in similar circumstances.
State employers are not immune from private suits brought by employees under the Age
Discrimination in Employment Act of 1967.
Gelato Cheese Company, a major processor of cheese sold throughout the United
States, employs one hundred workers at its principal processing plant. The plant is
located in Heartland Corners, which has a population that is 50 percent white and 25
percent African American, with the balance Hispanic American, Asian American, and
others. Gelato requires a high school diploma as a condition of employment for its
cleaning crew. Three-fourths of the white population completed high school, compared
with only one-fourth of those in the minority groups. Gelato has an all-white cleaning
crew. Has Gelato violated the Civil Rights Act of 1964? Explain.
Shareholders must attend a shareholders meeting to vote their shares.
If a buyer wrongfully refuses to accept goods, the seller can bring an action to recover
the damages sustained.
In determining whether copyright protection should be granted, the central issue is the
idea that forms the basis for a work.
No offer can be accepted by silence.
Securities offerings in unlimited amounts can be exempt from the registration
requirements in certain circumstances.
A release does not require consideration to be legally binding.
There are no benefits to establishing a more formal business arrangement than a sole
proprietorship.
Dumping is the sale of imported goods at “greater than fair value.
The loan that a lender provides to enable a borrower to purchase real property is a
mortgage.
A contract to commit a crime is a contract and therefore enforceable.
A negotiable instrument cannot be transferred by assignment.
Filing a corporate name with the appropriate state official will protect the name as a
trade name within the state and within contiguous states.