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Administrative law is created by administrative agencies, not by legislatures.
Zoning restrictions are absolute.
A transfer of a negotiable instrument can give a holder more rights than its prior
possessor.
The owners of a limited liability company are called shareholders.
Property voluntarily placed by its owner and inadvertently forgotten is abandoned
property.
To rescind a contract, the parties must make a second agreement that satisfies the legal
requirements for a contract.
An individuals repayment plan under Chapter 13 can be initiated only by the debtors
filing of a voluntary petition.
Under federal law, an employer can dismiss an employee because his or her wages are
being garnished.
In a bilateral contract, a party who makes a promise that benefits a third party is a
promisor.
Florence and Grady pool their money and talents to form Happy Home Builders, Inc.
They are the firms only shareholders, directors, and officers. After five years of
declining home prices, they decide to cease business. Can they simply dissolve their
corporation at will? If so, what are the steps in the process?
Venture capital is capital provided to new business ventures by professional, outside
investors.
Preemption is a doctrine under which a state law takes precedence over a conflicting
federal law.
Vague generalities and obvious exaggerations constitute deceptive advertising.
Usually, a private equity firm buys an entire corporation and may later reorganize it as a
publicly held corporation.
The Clean Water Act includes special provisions for toxic chemicals and for oil spills.
A special indorsement does not specify a particular indorsee.
