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By virtue of an agency, one person can make contracts at numerous places with many
different parties at the same time.
The Equal Pay Act prohibits variation in wage rates paid to men and women based
solely on gender.
John, a 17-year-old, purchased a ping-pong table and four new ping-pong paddles. A
week after he turned 18, John tried to return the ping-pong paddles. He told the seller
that he had decided to keep the table. Can John avoid the contract in this way?
The legal concept of property is limited to tangible physical objects.
Generally, advertisements, catalog prices, and circulars are offers that can be accepted.
Insurance is a contract by which one party for a stipulated consideration promises to
pay another party a sum of money on the destruction of, loss of, or injury to something
in which the other party has an interest, or to indemnify that party for any loss or
liability to which that party is subjected.
In a case of the sale of property, time is not regarded as of the essence when there has
not been any appreciable change in the market value or condition of the property and
when the person who delayed does not appear to have done so for the purpose of
speculating on a change in market price.
Grund, a night club performer, financed the purchase of a drum set to be used in his
night club act. The collateral is classified as a consumer good.
No law requires a seller to make an express warranty.
A writing that is offered to satisfy the statute of frauds must have been written for that
purpose.
When a negotiable instrument is assigned, the transferee has the rights of the transferor.
The due process clause limits both governmental and private action.
All states stipulate that there shall be no fewer than three directors for each corporation.
An assignee of a contract can bring suit on the contract only in the name of the assignor.
The Toy Corporation issued 200 shares of stock with no par value. The articles of
incorporation provided that the board of directors had the right to fix the value of the
stock. Through subscription agreements between the directors and two subscribers, 101
shares were issued to Maria Perez for $5,000, and 99 shares were issued to Ken Pilar
for $15,000. Toy is now insolvent and is unable to pay the $6,000 it owes to Pine, its
major supplier. Pine has brought suit against Perez, claiming that the subscription
agreement was invalid. How will the case be decided?
Planting trees or erecting a fence, although otherwise lawful, constitutes a public
nuisance when it creates a traffic hazard by obscuring an intersection.
