Security interests in goods are governed by the common law rather than the UCC.
Conscious parallelism is sufficient in itself to suggest a conspiracy in violation of
Section 1 of the Sherman Act.
A federally protected trademark cannot be “abandoned” through simple non-use.
Albert breaches a contract with Bill in a state where the statute of limitations is six
years. Seven years later Bill wants to sue. The contract is unenforceable, rather than
void or voidable.
Beth, at age 17, sells an antique pin she inherited. Even if the buyer resells the pin to
someone who did not know that it was purchased from a minor, Beth can recover the
pin from the third person if she changes her mind about wanting to sell it.
Assault is principally a mental rather than a physical intrusion.
The purpose of Federal Contract Compliance Programs is to require affirmative steps to
provide opportunities for handicapped people in federal programs.
With respect to liability for improper dividends, a non-breaching director and an
innocent shareholder are both protected from liability due to their good faith.
A corporation must keep its funds separate from those of its shareholders.
In an output contract, the seller can operate a factory on a 24-hour-a-day schedule and
insist that the buyer take all of the output when that buyer had operated only eight hours
a day at the time the contract was made and the buyer had knowledge of the
eight-hour-a-day operating schedule.
Courts require that for a contract to be unenforceable based on unconscionability, both
substantive and procedural unconscionability must be equally present.
The right to property other than money, such as goods or land, is not assignable.
The Code and the Restatement both contain definitions of what constitutes
“unconscionable” conduct.
Antitrust law, as currently applied, focuses on the resulting entity’s absolute size.
Phoenix, Arizona may be classified as a PSD area with respect to some pollutants, but
not with respect to others.