BUS LAW 33594

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Under the Constitution, the judicial branch is responsible for foreign affairs.
An accountant's liability under the Section 10(b) and Rule 10b-5 of the Securities
Exchange Act of 1934 requires privity of contract.
A seller does not have to use words such as "warrant" to make an express warranty.
A forged indorsement does not transfer title.
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Individuals have a right to obtain access to information about them collected in
government files.
Under a deed in lieu of foreclosure, the property is conveyed to the lender in satisfaction
of the mortgage.
An insurance application is part of the insurance contract.
In certain instances of fraud, a court may "pierce the corporate veil" to hold the
shareholders individually liable.
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A business trust is created by a written trust agreement.
A primary obligation is created when a party agrees to pay for something on the
condition that a certain other party does not make the payment.
Unless otherwise agreed, inspection of goods can take place at any reasonable place and
time and in any reasonable manner.
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Punitive damages are recoverable in contract law for an intentional breach of contract.
The American Law Institute was the only organization involved in developing the
Uniform Commercial Code.
To hire employees from other countries, an employer must first obtain the approval of
the U.S. Immigration and Customs Enforcement.
A recording statute allows deeds to be recorded to give notice to the public.

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