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The duration of a franchise is a matter determined by federal or state statutes.
A franchisor can suggest retail prices for the goods that a franchisee sells but cannot
mandate them.
A limited liability company must be managed by nonmembers.
A forged signature on a check has no legal effect as the signature of a drawer.
Financial institutions that exchange digital images of checks must also send the original
paper checks.
Title VII of the Civil Rights Act of 1964 applies to employers with fifteen or less
employees.
Comprehensive general liability insurance can encompass as many risks as the insurer
agrees to cover.
An undisclosed principal is not liable to a third party for a contract made by an agent.
If a homeowner defaults, or fails to make the mortgage payments, the lender has the
right to foreclose on the mortgaged property.
The words used in an insurance contract are given their ordinary meanings in light of
the nature of the coverage involved.
A "living will" is a will drafted and executed during a decedent's life.
Under the doctrine of respondeat superior, a principal may be liable for any harm that
his or her agent causes to a third party.
Those who knowingly violate the Clean Air Act may be subject to criminal liability.
When a franchise agreement contains a notice-and-cure provision, a franchisee's breach
of the duty of honesty and fidelity is not enough to allow the franchisor to terminate the
franchise.
Usually, the shareholder who receives watered stock must pay the difference between
the price paid for the shares and their fair market value to the corporation.
Limited liability companies are entities apart from their owners.
An insurance company may cancel an insured's policy for any reason and at any time.
