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An instrument that promises to pay "in goods" can be negotiable.
Liability can be imposed on those who are negligent in not discovering fraud in
connection with a registration statement or prospectus.
Few laws directly apply to the security of e-money payment information and e-money
issuers' financial records.
A merger, a consolidation, or a share exchange changes the rights and liabilities of
shareholders, the corporation, and the corporation's creditors.
Professionals are required to deliver services but the competency of the services is
never an issue.
Warehouse companies are not liable for loss or damage to property resulting from
negligence.
A contract for a sale of real property or services is a contract for a sale of goods.
Through agents, a principal can conduct only one business operation at a time.
A person must have contractual capacity to be an agent.
A franchisee is generally economically independent of the franchisor's integrated
business system.
If, before the time for contract performance, one party clearly communicates to the
other the intention not to perform, the other party must wait to see if the repudiating
party will decide to honor the contract despite the avowed intention to renege.
In most bailments, the bailee can retain the goods given by the bailor and return
equivalent property.
Employees of private (nongovernment) employers have some privacy protection under
the U.S. Constitution.
Most states imply a warrantythe implied warranty of habitabilityin the sale of new
homes.
The Equal Pay Act and other federal laws prohibit employers from engaging in
gender-based wage discrimination.
Limited liability company operating agreements typically contain provisions relating to
management.
A security interest can cover property in which the debtor has ownership or possessory
rights in the present or in the future.
