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Once a discharge is granted, it may not be revoked, even if, for example, a debtor
concealed property to defraud a creditor.
On a lessee's insolvency, the lessor can stop delivery of the goods.
A party must own property to have an insurable interest in it.
The owner of intellectual property may put restrictions on the use of the intellectual
property in a license agreement.
A state constitution may resolve a conflict among documents involving a corporation.
Small claims courts hear both civil and criminal cases.
When Looking Glass Corporation wishes to issue certain securities, it must provide
sufficient information for Alice, and other unsophisticated investors, to evaluate the fi-
nancial risk involved. Specifically, the law imposes liability for making a false
statement or omission that is "material." What sort of information would Alice consider
material?
The extreme risk of an activity is a defense against imposing strict liability.
Tender of delivery requires that the seller or lessor hold the goods at the buyer's or
lessee's disposal, but not that the goods be conforming.
An "X" can qualify as a signature on a will.
One of the most common forms of securities are bonds issued by corporations.
With an interest-only mortgage, the borrower can choose to pay only the interest
portion of the monthly payment for a specified period of time.
An accountant is not liable for a misstatement to a purchaser of securities who knew of
the misstatement but invested anyway.
Whistleblower statutes protect employees from retaliatory discharge.
The Civil Rights Act of 1964 does not protect against reverse discrimination.
A seller's price list is not an offer.
A person who enters into a contract when he or she is intoxicated can void the contract
if he or she did not comprehend the legal consequences.
Employees are entitled to overtime pay only at their employer's discretion.
