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Courts have no difficulty applying traditional laws to crimes committed in cyberspace.
A buyer in the ordinary course of business has priority over any security interest created
by the seller.
A power of attorney can be given only to an actual attorney.
To be legally sufficient, consideration must include something of economic value.
If the parties to a sales contract state that a certain remedy is exclusive, then it is the
sole remedy.
"Forward-looking" financial forecasts are prohibited under SEC Rule 10b-5.
Common stock provides a proportionate interest in the corporation with regard to net
assets.
Corporations can be good citizens by promoting goals that society deems worthwhile.
Risks ordinarily assumed in business constitute consideration for the modification of a
contract.
On a partner's dissociation, his or her interest in the partnership must be purchased.
A law that restricts a fundamental right does not violate substantive due process if it
promotes a compelling state interest.
A covenant not to sue always bars further recovery.
Intermittent advances against a line of credit can be subject to the same collateral.
Only offshore oil facilities that discharge oil into navigable waters are liable for the
clean-up costs.
If no harm results from an allegedly negligent act, there is no liability.
A transfer of contract rights to a third party is an assignment.
When dissolution takes place by voluntary action, the shareholders are responsible for
winding up the affairs of the corporation.
A corporation has perpetual existence in most states unless the articles of incorporation
state otherwise.
