For a minor to disaffirm a contract, he or she must present the contract to a court.
A quasi contract is not enforceable by a court.
A copy does not need to be exactly the same as the original to infringe a copyright.
At least in theory, Congress can regulate every commercial enterprise in the United
States.
A contract for the sale of minerals is considered to be a contract for the sale of goods if
the severance is to be made by the seller.
A principal who causes a third person to believe that another person is the principal’s
agent can be estopped from denying the agency relationship.
A writ of execution is a writ that puts in force a court decree or judgment.
The Children’s Internet Protection Act requires public schools and libraries to use
filtering software to block children’s access to adult contact on Web sites.
A delegator is a party who transfers his or her obligation under a contract to another
party.
Brock is a shareholder of Competent Homebuilders Corporation (CHC). For the last
few years, business has not been profitable for CHC. The firm has lost money on its
operations. There has been some profit through sales of company assets, but the board
of directors has refused to declare a dividend. This last year, the firm’s accountants
failed to file federal income tax returns and the board refused to pay the tax. Brock
takes a close look at the firm and protests to the board, in particular over the failure to
declare a dividend, but the board ignores the complaint. Which of these events, if any,
would form a ground for a court to order the dissolution of CHC, on Brock’s petition? If
the court denies the petition, could Brock and the other shareholders dissolve CHC?
Falsifying public records is forgery.
State constitutions are supreme within their respective borders.
Under the principle of comity, all foreign governments are subject to all U.S. laws.
The good faith requirement applies to both the holder and the transferor.
If a partnership’s liabilities are greater than its assets, the partners bear the losses.
Duty-based ethical standards often come from religious precepts or through
philosophical reasoning.
Shareholder’ meetings must occur at least annually.
Undue influence can occur when a named beneficiary is in a position to influence the
making of a will.
In a tenancy in common, the interests are divided.
An accountant who prepares a financial statement in good faith may avoid liability
under Section 18 of the Securities Exchange Act of 1934.