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Treaties made by the United States are not deemed part of the law.
When a contract falls within the statute of frauds, the signatures of both parties must be
shown to the court.
Testate distribution describes the distribution that is made when the decedent leaves an
invalid will.
A tenancy in common is a form of ownership by two or more persons.
A bailee can pass good title to a good-faith purchaser, even when the sale was not
authorized by the owner and the bailee has no title to the goods but is in the business of
selling those particular types of goods.
Liens on land may be created voluntarily by the owner of land or involuntarily against
the wishes of the owner.
In a complex funds transfer, an intermediary bank may receive and transmit the
payment order.
Different rules of law govern the vicarious liability of principals and employers.
When a party refuses to perform a contract at the time of performance, a repudiation
has occurred.
Under the 1990 Remedies Act, the SEC may start administrative proceedings against
any person or entity, whether regulated by the SEC or not.
Illegality, such as a note for gambling, is a universal defense.
The parol evidence rule generally precludes testimony that would contradict a complete
written contract.
A requirements contract is too vague to be a legally-enforceable agreement.
Goods are called identified goods when they have been selected as the goods called for
by a sales contract.
Legislation commonly requires that an installment-sale contract specify the cash price,
down payment, finance charges, and insurance costs.
