If a seller repudiates a contract, the buyer’s damages do not have to be adjusted to
reflect any expenses that were saved as a result of the breach.
The identity of one of the parties to a contract is an example of a material fact.
Package labels must use words that the ordinary consumer understands.
Criminal law focuses on duties that exist between persons.
A credit collection agency may contact a debtor at any time.
In most cases, an offeror can revoke an offer as long as the revocation is communicated
before the offeree accepts.
An act must substantially affect interstate commerce to violate antitrust law.
There are 12 justices on the United States Supreme Court and they all receive life-time
appointments.
Home equity refers to the portion of a home’s value that is mortgaged.
Each member country of the TRIPS agreement must include in its domestic laws
intellectual property rights.
In a consolidation, the consolidating corporations become subsidiaries of the new
corporation.
After the first board, the directors are chosen by the corporate officers.
Performance that creates a legally binding contract may consist of the destruction of a
legal relationship.
Cutter Company makes and sells table saws, which are designed to be safe if used
properly. Erin buys a Cutter saw and lends it to her neighbor Frank. To reach a toolbox
on a high shelf in his garage, Frank props the saw at an angle against a cabinet and
climbs onto the saw. Frank loses his footing, slips off the saw, falls on the blade, and is
injured. He files a product liability suit against Cutter, on the ground of negligence. On
what basis could the maker prevail?
Whistleblower statutes protect employers from retaliation by dissatisfied employees.
Individual states may pass their own right-to-work laws.
Expenses that are caused directly by a breach of contractsuch as those incurred to
obtain performance from another sourceare compensatory damages.
A novation requires the existence of a previous, valid obligation.
If a warranty of infringement is breached and the buyer is sued by the claim holder, the
buyer need not notify the seller of the lawsuit.