Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
An exclusive-dealing contract is an agreement in which a seller agrees not to sell to a
buyer's competitors.
The state cannot dissolve a corporation under any circumstances.
An agency relationship created for a purpose that is contrary to public policy may still
be enforceable.
The shareholder's appraisal right extends to mergers and consolidations.
Attachment gives the debtor a defense against a creditor's attempt to enforce a security
interest in the debtor's collateral.
Certain employers must provide advance notice of a layoff to the affected workers or
their representative (if the workers are members of a labor union).
In every situation involving a forged drawer's signature or an alteration, a bank must
observe reasonable commercial standards of care in paying on a customer's check.
An individual debtor cannot exempt or exclude any property from the bankruptcy.
Labels on fresh meats are not required to indicate where the food originated.
Dividends can be paid from the undistributed net profits earned by the corporation.
Nelson is Organic Coffee Company's majority shareholder. Nelson decides to sell his
Organic Coffee stock. The sale will be an effective transfer of the control of the
company. Does Nelson owe a duty to Organic Coffee or its minority shareholders in this
situation?
A horizontal restraint is any agreement that in some way restrains competition between
rival firms competing in the same market.
Under the UCC, good faith means honesty in fact and the observance of reasonable
commercial standards of fair dealing in the trade.
A familiar example of an agent is the owner of a corporation.
The Environmental Protection Agency has not concluded that greenhouse gases,
including carbon dioxide emissions, constitute a public danger.
