Ethics is a philosophical concept that deals with values related to the nature of human
conduct.
The tort of invasion of privacy always requires the misappropriation of another’s name
or likeness.
As Courts now tend to accept an agency’s reasonable interpretation of a statute
involving a technical matter, even though it was not the only interpretation that could
have been made.
A contract provision requiring that suit be brought within one (1) year does not violate
public policy, although the statute of limitations would allow two (2) years in the
absence of such a contract limitation.
While most states have adopted limited liability company statutes, few states have
created statutes allowing the formation of limited liability partnerships.
A license may be terminated at the will of the licensor.
Under both the CISG and the UCC, a buyer may reject goods only if the tender of the
goods is a fundamental breach of the contract.
An agreement is illegal when either its formation or performance is a crime or a tort, or
it is contrary to public policy.
In a residential lease, it is commonly held that there is an implied warranty of
habitability.
Sondra realized on Tuesday that she had dropped her bank EFT card after using it at an
automatic teller machine. She telephoned the bank on the following Monday to notify it
of the loss. By that time, someone had used the card to withdraw $800 from Sondra’s
account. The bank said it would cover $300 of that amount. Sondra sued for the full
amount, claiming that she had exercised reasonable care in reporting the loss, especially
because the card was lost on bank premises. Will she be able to recover the full $800?
Moral standards based on positive law may allow businesses to conduct themselves
unfairly so long as their actions are not illegal.
If an instrument states no time for payment, the note is payable on demand.
Making improvements is a duty that falls on the tenant.
Rejection of an improper tender of goods constitutes a revocation of acceptance on the
part of the buyer.
Planting trees or erecting a fence, although otherwise lawful, constitutes a public
nuisance when it creates a traffic hazard by obscuring an intersection.
A ‘short-swing” profit is realized by a corporate insider from selling corporate securities
less than one (1) year after purchase.
A dispute arose in a small factory and the workers decided to strike concerning the
firing of an employee for union-organizing activity. As the strike wore on without
resolution, the employer hired what the employer called permanent replacements for the
strikers. Eventually, the strike was settled. Are the fired workers entitled to getting their
jobs back?
Negligence and fraud are easy to prove in a mass production world.