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A buyer who obtains substitute goods to replace goods that a seller did not deliver can
also recover damages from the seller.
An owner's license of a formula to make a certain product to an outside party is a
franchise.
Merchants must ship orders within the time promised in their ads.
On the breach of a contract involving the sale of land, money damages is always the
most appropriate remedy.
Once an employee receives workers' compensation, he or she can maintain a suit
against the employer for negligence.
With a few exceptions, all of the rules that govern partnerships apply to limited liability
partnerships.
The equal dignity rule does not apply to a corporate officer who, in an ordinary business
situation, acts on behalf of his or her firm.
The crime of bribery occurs when the bribe is offered even if it is not accepted.
In a contract in which goods and services are combined, the contract is always
considered an agreement for the sale of goods.
In ethical terms, a cost-benefit analysis is an assessment of the negative and positive
effects of alternative actions on individuals.
If a debtor offers to pay a debt owed to a creditor but the creditor refuses the tender, the
surety remains obligated on the debt.
Proximate cause exists when the connection between an act and an injury is strong
enough to justify imposing liability.
Corporate officers cannot be subject to penalties for violations of the Clean Air Act.
Before filing a registration statement, an issuer must attempt to sell, or at least offer to
sell, the securities.
A business that holds itself out as being a corporation may not be able to deny corporate
status, even if it makes no attempt to incorporate.
When an instrument has a forged indorsement, the loss usually falls on the first party to
take the instrument.
