Most franchise agreements provide that termination must be “for cause.”
To vote their shares, shareholders must attend a meeting and vote in person.
States’ authority to regulate Internet gambling is limited to their physical boundaries.
Quotas are limits on the amounts of goods that can be imported.
Federal labor law protects employees’ right to strike.
If goods fail to conform to a contract in any way, the buyer or lessee must reject them.
One of the requirements of a valid contract is a fair price.
Under the Fourth Amendment, a general search warrant and a general search through a
person’s belongings are permitted.
When a check “bounces,” its holder can resubmit the check later, hoping that sufficient
funds will be available.
An attachment is a court-ordered seizure and taking into custody of property before the
securing of a judgment for a past-due debt.
An applicant for insurance has a duty to disclose only material facts that the insurer
asks for.
In a limited partnership, the liability of a general partner is limited to the amount of
capital he or she has invested in the partnership.
Private offerings of securities in unlimited amounts can never be exempt from the
registration requirement of the Securities Act of 1933.
An easement can be created by implication.
Florence and Grady pool their money and talents to form Happy Home Builders, Inc.
They are the firm’s 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?
An unconditional assignment of rights in a contract will extinguish the rights of the as-
signor.