Common law is the best and only source of legal authority.
Any crime committed with a computer is a cyber crime.
Remedies of the agent for breach of duty by the principal follow normal contract and
tort remedies.
Ophelia, an executive with Pharma Drug Distribution, Inc., has to decide whether to
market a product that might have undesirable side effects for a small percentage of
users. How should Ophelia decide whether to sell the product? How does the standard
of ethics that is applied affect this answer?
Normally, a dissociated member of an limited liability company (LLC) has the right to
force the LLC to dissolve.
Consequential damages are foreseeable damages that arise from a party’s breach of a
contract.
Sophie is the president of Tasty Foods Corporation, a wholesale grocery company. An
inspection by Uri, a government agent, uncovers unsanitary conditions caused by Vic, a
Tasty Foods employee, in the company’s warehouse. Will, a Tasty Foods vice president,
assures Uri that the situation will be corrected, but a later inspection reveals no such
corrections. Sophie knows nothing about any of this. Can Tasty Foods be convicted of a
crime in these circumstances? Can Sophie be held personally liable?
Every contract involves at least three parties.
An agent has the right to perform agency duties without interference by the principal.
The United States Supreme Court can review any case decided by any of the federal
courts of appeals.
In a general partnership, all partners have equal rights in managing the partnership.
Theft of confidential data by industrial espionage is a theft of trade secrets.
Acting in good faith gives a business firm a better chance of defending its actions in
court.
On a partner’s dissociation, his or her duty of loyalty to the partnership ends.
To be enforceable, a memorandum evidencing an oral contract that would otherwise be
unenforceable must include all essential terms.