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The UCC treats merchants more leniently than others in transactions involving goods.
The failure to appoint a trustee will destroy a trust.
About half of all bankruptcy petitions are involuntary petitions.
Under the Code, a contract to sell or lease personal property is recognized whenever the
parties manifest such an intent, even if they cannot identify a precise moment the
contract was formed.
Exclusion of consequential damages for personal injuries resulting from breach of
warranty in the sale of consumer goods is prima facie unconscionable.
Comparative negligence by a plaintiff results in the plaintiff's being completely unable
to recover.
Torts are civil cases, not criminal cases.
"Shelf registrations" have to do with delayed sales of stock.
Directors have the power to bind the corporation when acting individually rather than as
a board.
The Truth-in-Lending Act would not require disclosure of the amount that would be due
if the borrower had paid cash instead.
Statements in advertisements and catalogs do not constitute express warranties.
Postdating an instrument will destroy its negotiability.
If the partnership agreement does not specify when a limited partner may withdraw or
specify a definite time for the limited partnership's dissolution, a limited partner may
withdraw upon giving at least one month's written notice to each general partner.
In a contract to sell necessaries to a minor, these goods and services are limited to
medical care, food, and shelter.
Within each federal district court is established a bankruptcy court staffed by
bankruptcy judges.
Earned surplus would include undistributed net profits, income, gains and losses from
the date of incorporation.
"Pay to the order of Charles Chapman" is a special indorsement.
The purpose of bail bond in a criminal proceeding is to assure the appearance of the
defendant in court.
