A decision on a given issue by a court is not binding on an inferior court.
A customer has sixty days from the date of receipt of a statement of an electronic
transfer to notify the financial institution of any errors.
The courts can decide whether the other branches of government have acted within the
scope of their constitutional authority.
Some U.S. bribery laws are directed toward accountants.
A contract involving a sale is the only contract relating to an interest in land that must
be in writing to be enforceable.
A cyberterrorist might target a government agency, but not a business.
If a principal does not ratify an authorized contract, the principal is not bound.
Each bank in a collection chain must pass a check on before midnight of the day of its
receipt.
A foreign citizen can bring a civil suit in a U.S. court for a violation of a treaty of the
United States.
If a seller is a merchant, and the seller holds the goods, the risk of loss passes to a buyer
when the buyer takes physical possession of the goods.
Ethical codes of conduct can set the ethical tone of a firm.
A copy must be exactly the same as the original to infringe a copyright.
A list of customers cannot be a trade secret.
A misdemeanor is a crime punishable only by a fine.
A price-fixing agreement has the potential to lessen competition.
Corporate ethical policies must be clearly communicated to be effective.
A limited liability company is required to have an operating agreement.
Unless a contract provides otherwise, it is assumed to be a destination contract.
The first bank to receive a check for payment is the depositary bank.