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For a warranty to qualify as a full warranty, the warrantor must guarantee free repair or
replacement of the defective product.
Following the stock market crash in 1939, Congress enacted a series of statutes
designed to regulate securities markets.
The concept of federalism is that the states are more powerful than the central
government.
A lease is a contract that transfers the right to the possession and use of named goods
for a set term in return for certain consideration.
The Electronic Signature in Global and National Commerce Act does not allow
electronic contracts to satisfy the Statute of Frauds because the writing requirement
cannot be satisfied with an electronic contract.
The Occupational Safety and Health Act requires that the employer provide a
workplace free from all danger or hazards.
Federal and state law has concurrent jurisdiction regarding copyright law.
Any defect present in a manufactured product is considered a defect in manufacture.
A trade acceptance is a sight draft that arises when credit is extended with the sale of
goods.
Specific performance of personal service contracts is not granted, because the courts
would find it difficult or impracticable to supervise or monitor performance of such a
contract.
Chuck goes to a restaurant and orders a tuna salad sandwich. He takes a bite and breaks
a tooth on a bone. Chuck cannot successfully sue the restaurant, because everyone
knows that fish have bones and he should have been more careful.
When a new partner joins an existing partnership, the new partner has only limited
liability for the obligations of the partnership in existence at the time he or she became
a partner.
If there is no time for the police to obtain a warrant, the police may still arrest the
suspect without obtaining an arrest warrant.
Under the defense of comparative negligence, a party who is partially at fault for
causing his or her own injuries is barred from recovering damages from the defendant
in a product liability action.
If a minor is extremely mature and of above-average intelligence, her contract will be
valid.
A United States Trustee is a federal government official who has responsibility for
handling and supervising many of the administrative tasks associated with a bankruptcy
case.
The Sociological School of jurisprudence emphasizes the following of precedent.
With disability insurance, the payments made to the insured are generally based on the
degree of disability.
Under UCC 4-401(c), to require a bank to abide by a postdated check, the drawer need
only postdate the check to some date in the future.
An acceptance must be clear, ambiguous, and have only one (1.) possible meaning.
All defendants except the issuer may assert a "due diligence" defense against the
imposition of Section 11 liability.
Generally, a buyer may take physical possession of the goods and inspect them within a
reasonable time without having accepted the goods.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires an
individual filing for bankruptcy to receive pre-petition and post-petition credit
counseling.
Security interests may be taken in real property.
An "equitable" division of property means that the property is divided between the
parties as equally as possible.
The Noerr Doctrine protects competitors in all circumstances where they jointly petition
the government regarding the enactment or repeal of law, or to get the government to
take some other action.
The Securities Act of 1934 authorized the Securities and Exchange Commission to
regulate the solicitation of proxies.
In terms of the international affairs of the United States, the Constitution gives most of
the power to the individual states.
The Williams Act provides for both civil and criminal penalties for violation.
The Court of Appeals for the Federal Circuit was created in the Constitution.
Foreign nationals employed in foreign countries by U.S.-controlled companies are
covered by Title VII of the Civil Rights Act of 1964.
Under the Uniform Computer Information Transactions Act, consumers are held
responsible for electronic errors such as ordering more copies than intended if there was
a confirmation procedure and the consumer erroneously confirmed the incorrect
quantity.
The primary goal of compensatory damages is to place the parties in the position that
they were in prior to the formation of the contract.
In a Title VII action, the sum of compensatory and punitive damages is capped at
different amounts of money, depending on the size of the employer.
In real property law, one characteristic of a license is that it can be revoked at any time
by the grantor of the license.
It is legal for workers to strike for part of the day and work the remainder of the day, so
long as the strike is not violent.
