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The rule of law imposing vicarious liability on an innocent employer for the wrong of
an employee is known as the doctrine of respondeat superior.
When a sales contract is broken by the buyer, the seller has only the remedies of lien
and resale available.
Under the Due Process Clause, certain rules are traditionally employed to determine
jurisdiction under state "long-arm" statutes. These rules are not applicable to businesses
that choose to transact on the Internet.
Both general partnerships and limited partnerships are created only through the process
of executing a certificate.
Consumer protection statutes may require a writing that is more detailed than the
writing required by the statute of frauds provision of the Uniform Commercial Code.
Because administrative agencies have broad powers, they are subject to strict
procedural rules as well as disclosure requirements.
For a security interest to attach, the creditor must file a financing statement.
A party to an existing contract can modify the agreement without the other party's
actual acceptance or approval.
A delivery is sufficient if it is made in accordance with the terms of the contract to sell.
If a restrictive covenant is valid, it binds only the original grantee in the deed that
created the covenant.
When a negotiable instrument is negotiated by delivery without indorsement, the
warranty liability of the transferor runs only to the immediate transferee.
A person who is harmed by a conspiracy that violates the Sherman Antitrust Act may
sue the wrongdoers for four times the actual damages.
All federal courts are expressly created by the United States Constitution.
A direct sale to customers abroad by an American firm, with terms of payment
commonly based on an irrevocable letter of credit, is an import sale.
The Clayton Act prohibits price discrimination between different buyers of like
commodities when the effect may be to substantially lessen competition.
Consequential damages may not be recovered, even if they were within the
contemplation of the parties at the time of contracting.
Ordinarily, the drawee bank is liable to the drawer when it pays a check on which the
drawer's signature has been forged.
When a suretyship or guaranty contract is entered into after and separate from the
original transaction, there must be new consideration for the promise of the guarantor.
A copyright is the exclusive right given by federal statutes to the creator of a literary or
an artistic work to use, reproduce, and display the work.
Administrative agencies are not subject to the constitutional protections afforded
individuals and businesses.
