Third-party beneficiaries usually exist from the inception of a contract.
A treaty is an agreement or a contract between two (2.) or more nations that is formally
signed by an authorized representative and ratified by the supreme power of each
nation.
The United States Department of Labor is empowered to enforce the Fair Labor
Standards Act.
To make a tender offer, the tender offeror’s board of directors must approve the offer.
The Lilly Ledbetter Fair pay Act of 2009 affirmed the United States Supreme Court
decision in Ledbetter v. Goodyear Tire & Rubber Co., Inc.
Under the Fair Labor Standards Act, children ages 14 and 15 may work limited hours in
non-hazardous jobs approved by the United States Department of Labor.
A party cannot be petitioned into bankruptcy against that party’s will.
Tender of delivery occurs when the seller and buyer exchange promises and the
bilateral contract is formed.
Brad offers to sell his house to Vince for $500,000. Vince says that the price is too high
and offers to buy the house for $475,000. Brad says no. If Vince then says, “Okay, I
accept the offer at $500,000″, they have a contract.
An employee that takes leave under the Family and Medical Leave Act must be given
his or her exact same position back when they return from leave.
Members of the World Trade Organization “panel” are professional business executives
from member nations.
Matt is a computer dealer. Matt has a garage sale. At the garage sale, Matt sells an old
computer. Matt is considered a merchant when he sells the computer at his garage sale?
If a person is insane but not adjudged insane, any contract entered into by such person
is void.
General partners are personally liable for partnership debts in a limited partnership.
The doctrine of promissory estoppel is notan equitable exception to the strict
application of the Statute of Frauds.
The test determining if an employee can recover under workers’ compensation is
whether the injury resulted from the negligence of the employer.
An independent contractor is not an employee, even if he or she is authorized to enter
into contracts on behalf of the principal.
Regarding diversity of citizenship matters, corporations are considered to be citizens of
every state they do business in.
The fact that a contract is legally enforceable means that the police can be called to
make the other party live up to the terms of the contract.
Members of a professional corporation are usually held liable for the torts committed by
the corporation’s agents or employees.
If a bank pays a check with a forged drawer’s signature, the bank has a duty to credit the
drawer’s account if given timely notification.
The one-year rule under the Statute of Frauds measures the year from the time of
contract formation and not from the time that performance of the contract begins.
Since their creation, the protections in the Bill of Rights have generally been applicable
to state and local governments as well as the federal government.
Ordinarily, silence does not constitute a misrepresentation.
A forum-selection clause allows parties to a contract to designate and agree to the
jurisdiction of a court that otherwise might not have personal jurisdiction.
A profit-a-prendre gives the holder the right to remove something (for example, gravel,
minerals, grain, or timber) from another’s real property.
Certified checks are payable at any time from the date they are issued.
If a bank does not honor a check when there are sufficient funds in a drawer’s account
to pay a properly payable check, it is liable for wrongful dishonor.
The goal of the ULLCA is to establish comprehensive LLC law that is uniform
throughout the United States.
The Electronic Communications Privacy Act provides that stored electronic
communications may be accessed without violating the law by government and law
enforcement entities investigating suspected illegal activity without a validly-issued
warrant.
Agency relationships are formed by the mutual consent of an accessory and an agent.
The geographical area served by each United States District Court is referred to as a
precinct.
The Defense of Marriage Act forces states to recognize same-sex marriages performed
in other states.