The distinctions between a surety and a guarantor have been abolished in all states.
Monopsony power is market power on the buy side of a market.
Land assigned by zoning laws for business activities is designated as being for
commercial use.
A tender offer can be conditioned on the receipt of a specified number of outstanding
shares by a certain date.
A limited liability company can be taxed as a corporation.
No one can refuse to accept a substitute check as proof of payment.
All of a debtors pay can be garnished.
Both the buyer and the seller can have an insurable interest in identical goods at the
same time.
The assignment of the same contract right to two different parties automatically cancels
both assignments.
In a consolidation, two or more corporations combine so that each corporation
continues to exist.
An effective delivery requires that a donor retain control and dominion over the subject
matter of a gift.
Healthy Harvest Company runs a candy and fruit processing and packaging plant. Most
of Healthy Harvests business is done during holiday seasons, especially between
Halloween and New Years Day, and in the spring. The company hires a large temporary
workforce during its busiest times. Occasionally, a position opens for an individual with
highly specialized skills, particularly to operate and maintain the companys inventory
and sales control systems. Can Healthy Harvest hire noncitizens for its temporary,
seasonal work? Can the company hire a noncitizen with special skills for certain jobs?
If so, what procedures must the employer follow in both situations to do this hiring? If
not, how can Healthy Harvest be assured that it is hiring only citizens?
A sanction known as counteradvertising requires a company to focus its marketing on
point-of-sale displays.
A covenant not to sue is against public policy.
An intended third party beneficiary can sue a promisor directly for breach of contract.
Generally, a dissociated member of a limited liability company (LLC) has the right to
have his or her interest in the LLC bought out by the other members.
Violations of Section 16(b) of the Securities Exchange Act of 1934 include the sale by
insiders of stock acquired less than six months before the time of sale.
An executor is a personal representative named in a will.