In sales law, a warranty is an assurance by one party of the existence of a fact on which
the other party can rely.
Each partner is an agent of the partnership in carrying out the usual business of the firm.
An agency relationship cannot exist in the absence of a formal agreement.
When the drawee of an unaccepted draft or check pays to a holder the amount due in
full, all parties to the instrument are discharged.
An invitation to submit bids”how much would you charge to do this work?is an offer.
A pledge is a promise by a debtor to take reasonable care of the collateral.
In a repayment plan case, after the debtor has completed all payments, the court grants a
discharge of all debts provided for by the plan.
The UETA does not require that an agreement to conduct a transaction electronically be
made electronically.
An offerors subjective intent determines the effectiveness of an offer.
It is not a crime to defraud the public through the use of ads on television.
Undue influence can occur when a named beneficiary is in a position to influence the
making of a will.
Identity theft occurs when a wrongdoer steals anothers form of identification.
Some states provide that in the absence of an agreement to the contrary each member of
a limited liability company has one vote.
A design defect is not the sort of product defect that will support the imposition of
liability on a strict product liability basis.
Most advertisements”this property for saleare offers.
Ellen contracts to buy six cases of vintage Fertile Valley wine from Grapes & Vines
Winery for $1,200. The contract states that delivery is to be made at Ellens residence
“on or before May 1, to be used for daughter’s wedding reception on May ” On May 1,
Grapes & Viness delivery van is involved in an accident, no wine is delivered that day,
and no one from Grapes & Vines tells Ellen. On the morning of May 2, Ellen buys the
wine from Happy Hill Winery. That afternoon, just before the reception, Grapes &
Vines tenders delivery of the wine at Ellens residence. She refuses tender. Grapes &
Vines sues her for breach of contract. How is the court most likely to rule?
Reformation allows a court to rewrite a contract to reflect the parties true intentions.
An accord and satisfaction requires that the amount of a debt be certain.