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An accountant can avoid liability by proving that his or her negligence was only the
proximate cause of the client's loss.
There are no exceptions to the rule that any duty can be delegated.
The means test forces more people to file for Chapter 7 bankruptcy rather than gave
their debts discharged under Chapter 13.
Insurance companies are exempt from antitrust laws whenever state regulation exists.
The Civil Rights Act of 1964 does not protect against reverse discrimination.
The failure of one party to perform a contract entitles the other party to rescind it.
An expression of opinion will usually create a warranty.
In a limited partnership, a limited partner is liable for all partnership debts.
The day-to-day business of a corporation is managed by officers employed by the board
of directors.
In contracts involving a carrier, a seller can complete performance through a shipment
contract or a destination contract.
A bank employee stealing funds from a client is an example of embezzlement.
A tenant is not responsible for the ordinary wear and tear of leased premises.
Employees who receive tips on the job cannot be paid less in direct wages than the
federal minimum wage.
If a customer does not have sufficient funds to pay a check available in his or her
checking account and the bank dishonors the check, the bank is liable to the customer.
Under the UCC, a contract for a sale of goods that does not include the quantity will not
fail for indefiniteness.
Any contract entered into with an unlicensed party is unenforceable.
