A partnership agreement can include almost any terms that the partners wish.
An oral contract may be enforceable if enforcing the promise is the only way to avoid
injustice.
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.
In most situations involving sales, rights and liabilities are determined by who has the
title to the goods.
All federal government agencies must make their records available electronically on the
Internet.
An Internet service provider cannot be held liable for disseminating others’ defamatory
remarks.
Management’s behavior sets the ethical tone of a firm.
The checks and balances in the U.S. Constitution prevent any one branch of
government from exercising too much power.
A promise by one party to pay another for refraining from an action that one has a legal
right to undertake is enforceable.
Future advances against a line of credit can be subject to the same collateral.
Monopoly power may be proved by evidence that a firm used its power to control
prices.
The management of Sport Shoes Corporation, a U.S. firm, wants to expand into foreign
investment and employment markets. They are considering either opening their own
production facility in a foreign country or entering into a licensing agreement with a
foreign firm. What are the advantages and disadvantages of each of these courses of
action?
A tangible employment action is a significant change in employment status or benefits.
A lease is enforceable even if the premises are intended for an illegal purpose.
Under the covenant of quiet enjoyment, a landlord promises that a tenant will not be
disturbed in the possession of the premises.
A fact is objective and verifiable.
A borrower has a right to rescind a mortgage within three business days.
A court cannot dissolve a corporation for mismanagement.
Every portion of every meeting of a federal administrative agency does not have to be
open to public observation.
Oral evidence to “fill in the gaps” of a contract with incomplete terms can be introduced
at a trial.