If a principal does not ratify an unauthorized contract, the principal is not bound.
If a seller is not a merchant, and the goods are not to be moved, the risk of loss passes
to a buyer on tender of delivery.
Corporate directors and officers are insurers of business success.
An agent has a duty to keep and make available to the principal an account of all
property and funds received and paid out on behalf of the principal.
Dumping is the exporting of environmentally polluting goods to a foreign market.
A finder acquires title to mislaid property good against the whole world, including the
true owner.
An adjustable-rate mortgage is a standard mortgage with an unchanging rate of interest.
A person who transfers an instrument for consideration makes certain warranties to the
transferee.
Corporations’ chief executive officers are directly accountable for the accuracy of
financial statements filed with the Securities and Exchange Commission.
Stare decisis is a doctrine obligating judges to help persons who have failed to protect
their own rights.
An agency relationship may occur by operation of law in a family.
A license is the revocable right of a person to come onto another person’s land.
An insurer has a duty to avoid the payment of claims.
An incidental beneficiary can sue directly to enforce a promisor’s promise.
Under a deed in lieu of foreclosure, the property is conveyed to the lender in
satisfaction of the mortgage.
An act must substantially affect interstate commerce to violate antitrust law.