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The Eighth Amendment prohibits excessive bail and fines, as well as cruel and unusual
punishment.
Predatory pricing involves selling a product at prices substantially above the fair market
value.
A will is a final declaration of how a person desires to have his or her property disposed
of after death.
A signature must be the full name of a party.
Fungible goods are goods that are alike naturally or by agreement or trade usage.
All-risk insurance is property insurance that covers damage resulting from all risks not
specifically excluded.
Adding value to a piece of personal property by labor or materials is accession.
Judicial foreclosure is available in all states.
A bailee must exercise reasonable care in preserving the bailed property.
A holder cannot take an instrument for value by performing the promise for which the
instrument was issued.
A time draft is payable on sight.
A mortgage is a written document that gives a creditor an interest in a debtor's real
property such as security for a debt's payment.
Under federal law, only key employees who take temporary family or medical leave are
entitled to job reinstatement.
Prenuptial agreements are agreements made during a wedding ceremony that define
each partner's duties to one another during the marriage.
Performance that creates a legally binding contract may consist of an act.
Words or terms in contracts that are subject to more than one reasonable interpretation
can lead to bilateral mistakes.
A crime is an act so reprehensible that it is considered a wrong against society as a
whole, as well as against the individual victim.
Compensatory damages are stipulated in a contract in an amount that the parties believe
to be a reasonable estimate of the damages that will occur on a breach.
Under the Telephone Consumer Protection Act of 1991, it is illegal to use a prerecorded
voice in phone solicitations.
A failure to exercise reasonable care is negligence.
