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The Check Clearing in the 21st Century Act (Check 21) applies only in about 75
percent of the states.
A law that limits the liberty of all persons may violate substantive due process.
The basis for an employee's contribution to Social Security is the employee's age.
For a certificate of deposit to be negotiable, it must be signed by the maker.
An agency coupled with interest is a relationship created for the benefit of the principal.
Mortgage loans are NOT contracts.
For an offer to be effective, the offeror must have a serious intention to become bound
by the offer.
For a minor to disaffirm a contract, he or she must present the contract to a court.
Any person who buys preferred stock has priority over a holder of common stock to
payment on the corporation's dissolution.
Federal courts are superior to state courts.
Constructive delivery satisfies the delivery requirement for an effective bailment.
A husband and wife may file a joint petition for bankruptcy.
Children must be at least thirteen years old to work in hazardous occupations.
To execute a valid will, a testator must not respond to improper pressure brought by
another person.
The terms of a shrink-wrap agreement may be enforced in the same way as the terms of
other contracts.
Duty-based ethical standards often come from religious precepts or through
philosophical reasoning.
A conveyance creating a fee simple defeasible transfers all ownership rights in the
property.
Obeying the law does not necessarily fulfill all ethical obligations.
Mouth-Waterin" Treats Company wants to sell its candy in a normal-sized package
labeled "Gigantic Size." NuFabrics, Inc., wants to advertise its sweaters as having "That
Wool Feel," but does not want to specify on labels that the sweaters are 100 percent
polyester. Can these firms market their products as they would like? If not, why not?
State e-signature laws are NOT uniform.
