The board of directors of Z & X Corporation declared cash dividends of $5 per share. If
these dividends are not paid, a shareholder can bring suit to require payment.
Matt sells bikes at a local discount store. To encourage Bob to buy a more expensive
model than he originally contemplated, Matt tells Bob, “This is the most awesome bike
money can buy at this price. You can expect lots of riding pleasure.” Based on this
statement Bob buys the bike. A week later, before his bike is fully paid for, Bob sees a
far superior bike for a lower price at another store. Bob can avoid his contract with Matt
because of fraudulent misrepresentation.
A social guest is a public invitee.
Today most crimes are covered by statutory law rather than by the common law,