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Any person who buys common stock acquires voting rights in a corporation.
After a contract is made, a supervening event may make performance impossible and
discharge the contract.
A unilateral mistake of fact will usually enable a party to a contract to avoid it.
A lawsuit involving a federal question can originate in a federal court.
The chief aim of the European Union and other trade organizations is to minimize trade
barriers among their members.
An accountant is not liable for a misstatement to a purchaser of securities who knew of
the misstatement but invested anyway.
Phishing occurs when a criminal poses as a member of the rock group Phish.
A foreign limited liability company (LLC) is an LLC owned by an entity outside the
United States.
A minor may accept and validate a contract with an adult.
A promise to deliver a gift is constructive delivery.
Corporations' chief executive officers are directly accountable for the accuracy of
financial statements filed with the Securities and Exchange Commission.
Embezzlement can be committed only by physically taking property from the
possession of another.
Before a principal can ratify a contract, the agent must withdraw from the deal.
If a party to a franchise contract fails to perform, he or she may be subject to a suit for
breach of contract.
A security interest that provides for a security interest in proceeds is a floating lien.
To bring an action against an employer based on intentional discrimination, a person
must show that he or she is a member of a protected class.
An assumption of risk defense does not require that a risk be voluntarily assumed.
The First Amendment protects symbolic speech.
