The courts consider legitimate competitive behavior permissible only if it does not
result in the breaking of a contract.
If a life insurance applicant pays a premium but dies before the physical exam, there is
obviously no coverage.
The purpose of the exclusionary rule is to deter police from misconduct.
All powers not specifically delegated to the federal government are reserved to the
states.
An agent has a duty to keep and make available to the principal an account of all
property and funds received and paid out on behalf of the principal.
Under the “danger invites rescue” doctrine, a person who tries to rescue another
individual from harm is liable for any injuries to that individual.
Every contract involves at least two parties.
A failure to return personal property is disparagement of property even if the rightful
owner consented to the initial taking.
Copyright protection is automaticregistration is not required.
Before filing for bankruptcy, a consumer-debtor must receive credit counseling.
Hoppy steals two checks from Eagle Retail Stores, Inc.a blank check and a check
payable to the order of General Supplies Company (GSC), drawn on Eagle’s account
with First National Bank. Hoppy forges Eagle’s signature on the blank check and makes
it payable to himself. Hoppy forges GSC’s indorsement on the back of the check
payable to GSC, and adds “Pay to the order of Hoppy.” At Friendly Credit, Inc., Hoppy
indorses the back of both checks with his own name and gives them to Friendly for
cash. Friendly does not know about the theft or the forged signatures and presents the
checks to First National, which pays them. Eagle, which was not negligent, discovers
the forgeries and asks First National to recredit its account. Who suffers the loss on
each check?
Precise Engineering Corporation has a contract with Quik Mart Stores to provide
customized software for Quik’s inventory control system. Retail Outlets, Inc., Quik’s
competitor, induces Sam, a Precise subcontractor who is writing code for the Quik
software, to delay delivery of the code for one week. As a result, Precise’s delivery of
the software is delayed, and Quik sustains $500,000 in lost profits. On what ground
could Quik recover damages from Retail Outlets?
There are legal questions involved when considering ways to raise capital so a business
can grow.
A person who transfers an instrument for consideration makes certain warranties to the
transferee.
U.S. district courts have original jurisdiction in federal matters.
Stored-value cards are a form of digital cash.