A tenant has a duty to maintain in a reasonably safe condition those areas under his or
her control.
Under the theory of negligence, the duty of care requires a careless act.
When the risk of loss for goods passes from a seller to a buyer is generally determined
by the contract between the parties.
In some states, misdemeanors are punishable by imprisonment for up to 10 years.
If there is no limited liability company (LLC) agreement covering a topic under dispute,
the state LLC statute will govern the outcome.
Territorial and consumer restrictions are per se violations.
A failure to exercise reasonable care is negligence.
Federal agencies must consider ways to reduce the economic impact of new regulations
on small businesses.
Mitch is a director and officer of Numero Uno, Inc. Mitch makes a marketing decision
that results in a dramatic decrease in profits for Numero Uno and its shareholders. The
shareholders accuse Mitch of breaching his fiduciary duty to the corporation. What is
Mitch’s best defense against this accusation? Later, the Numero Uno board considers a
resolution for the firm to compete with One-of-a-Kind Corporation. Mitch is a director
and shareholder of One-of-a-Kind. What is Mitch’s responsibility in this situation?
Bankruptcy proceedings are held in federal courts.
In a principal-agent relationship, the parties agree that the principal will act on behalf
and instead of the agent in negotiating and transacting business with third persons.
Centre City Properties, Inc., owns and manages a warehouse. DIY Home Improvement
Stores agrees to lease the warehouse for six years. Under the lease, DIY is obligated to
pay all of the utility costs. Two years into the term, DIY asks Centre City to modify the
lease to provide that the utility costs will be split equally between them. The landlord
agrees, but later decides it does not want to share the costs and refuses to pay. Is Centre
City bound to its agreement to share the utility costs? Why or why not?
Small claims courts hear both civil and criminal cases.
State workers’ compensation laws establish a procedure for employees injured on the
job to sue their employers.
An illusory promise is an enforceable promise.
A manufacturer’s duty of care extends to the inspection and testing of products bought
to incorporate in the final product.
Because the Constitution does not specifically a right to privacy, this right is denied to
people.