Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Future members of a limited liability company (LLC) may enter into contracts on the
entity's behalf before the LLC is formed.
Generally, contract doctrines apply to a landlord-tenant relationship.
A false statement by an expert to a naive buyer usually will entitle the buyer to rescind
or reform a contract.
A business firm can sometimes predict whether a given action is legal.
In a consolidation, two or more corporations combine in such a way that each
corporation ceases to exist.
In a general partnership, all partners have equal rights in managing the partnership.
Restrictions on imports may include quotas.
Jade, Kelly, and Lila organize a nonprofit businessJKL Markets, Inc.to buy groceries
from wholesalers and sell them to consumers who buy a membership in JKL. Because
the firm is a nonprofit entity, it is able to sell the groceries for less than a commercial
grocer could. What form of business organization is JKL Markets? Is it significant that
JKL is incorporated?
A franchise exists when the owner of a trademark licenses its use to another party to
sell goods or services.
An innocent party can enforce a fraudulent contract and seek damages for any harm
resulting from the fraud.
The average prime offer rate is the rate offered to the least qualified borrowers as
established by a survey of potential borrowers.
Under the Constitution, the judicial branch interprets the laws.
An express contract does not need to be in writing.
Vague generalities and obvious exaggerations constitute deceptive advertising.
A closing argument is a statement by a party that results in a summary judgment in that
party's favor.
Dominique, a certified public accountant, provides accounting services to Eagle
Corporation. The services include preparing Eagle's financial reports and issuing
opinion letters based on the reports. In 2008, Eagle falls into serious financial trouble,
but neither Dominique's reports nor her opinion letters indicate this situation. Relying
on Dominique's portrayal of Eagle's financial situation, Eagle borrows a large sum of
money to build a new shipping facility. In lending Eagle the money, First National Bank
relies on Dominique's opinion letter. Dominique is aware of this reliance. If Dominique
did not engage in intentional fraud but was negligent, what is her potential liability?
A party who in good faith performs substantially all of the terms of a contract can
enforce the contract against the other party.
There is federal regulation of employers' retirement plans for employees.
