When the principal ratifies the act of the unauthorized person, such ratification does not
release the unauthorized person from liability, since he or she acted without authority.
The term dumping refers to the sale of damaged goods in a foreign market to cut the
losses that would otherwise be caused by the damage.
An agreement that calls for the commission of a civil wrong is illegal and void.
A contract of insurance is to be interpreted as it would be understood by a person with
technical knowledge of the law or of insurance.
A “best efforts” clause is always deemed too indefinite to be enforceable.
Personal property generally becomes a fixture if it is so attached to the realty that it
cannot be removed without materially damaging the realty.
Suzy Anders enters into an oral contract to purchase a tract of land from Bill Hermes.
The land is considered worthless, but Anders feels that she has discovered a possible
usage that would drastically increase the value of the land. To assure herself of the
potential value of the land, Anders orally hires an attorney to investigate the title and
records associated with the land in question. Before gaining any information from her
attorney, Anders orally contracts with a builder to construct a huge building on the site.
Because of the size of the project, a completion time is difficult to predict. Anders now
discovers that the land is indeed useless, a fact that she obtains through information
from her attorney.
Anders now refuses to honor her contracts with Hermes, her attorney, and the builder.
Must Anders honor her contractual agreements?
When necessary medical care is provided to a minor, a parent is liable at common law
for the medical expenses provided the minor child.
Under the Semiconductor Chip Protection Act reverse engineering exemption,
competitors may study mask works but may not use the results of that study to design
their own semiconductor chip.
Agreements that are contrary to public policy are not binding.
In limited circumstances customer lists are protected under trade secret laws.
A victim of a tort may sue and recover money damages.
In a large corporation, the shareholders are often the managers of the corporation.
The Noise Control Act sets the standards for lawn mowers, automobiles, and other
devices often found in suburban neighborhoods.
When a buyer materially breaches a contract, the seller may cancel it.
The Equal Employment Opportunity Commission (EEOC) establishes equal
employment opportunity policy under the laws that it administers.