A promise to give value in the future is sufficient to confer the rights of an HDC on one
in possession of a negotiable instrument.
The establishment clause of the U.S. Constitution prohibits the federal government
from establishing a state-sponsored religion.
If a seller asks a buyer to store nonconforming goods overnight, then the buyer is
entitled to reimbursement for the costs involved.
Crimes occurring in a business context are popularly referred to as white-collar crime.
Tariffs are imposed only on exports.
Under federal law, an electronic signature can be as valid as a signature on paper.
Private offerings of securities in unlimited amounts can be exempt from the registration
requirement of the Securities Act of 1933.
In many states, an operating agreement is not required for a limited liability company to
exist.
A sole proprietor must create a separate business organization to create a sole
proprietorship.
Even if goods are not identified to the contract, the title and risk of loss can still pass
from the seller to the buyer.
A restriction on commercial speech is valid as long as it forbids only the expression of
views on controversial issues.
Advertising will not be deemed deceptive so long as it appears to be based on factual
evidence, even if it is not.
Any corporation with less than $10 million in assets and fewer than five hundred
shareholders must register their securities with the Securities and Exchange
Commission.
International franchisees usually do not pay fees for the license to use a trademark or
trade name.
Counterfeiting is robbery.