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An accountant is not liable for a false statement that affects the price of a security if the
buyer or seller of the security knew the statement was false.
A mere acknowledgment of a debt is not sufficient to create a negotiable instrument.
Punitive damages are recoverable in contract law for an intentional breach of contract.
An agent who signs just her own name on an instrument will be personally liable to a
holder in due course who has not notice of her agency status.
A judges view of the law is of little importance in a common law legal system.
Whenever an employer discharges an employee in violation of an employment contract,
the employee may bring an action for whistleblowing.
When a nation moves from a state-controlled economy toward free enterprise, it must
develop a new set of business laws. If you could start from scratch, what kind of
business law system would you adopta civil law system or a common law system?
What factors should be considered in deciding the business regulations to impose?
Each bank in a collection chain must pass a check on before midnight of the next
business day following its receipt.
The types of product defects that have traditionally been recognized in product liability
law include inadequate warnings.
Those who find lost property cannot acquire ownership rights through mere possession
of it.
A shipment contract requires a seller to deliver goods at a particular destination.
A contract to do something that is prohibited by statutory law is void.
In some circumstances, a shareholder may petition a court to have the corporation
dissolved.
No financial institution can disclose nonpublic personal information about a consumer
to an unaffiliated third party under any circumstances.
Devoting time, energy, and skill to partnership business is a partners duty and a
compensable service.
Presentment warranties protect the person to whom an instrument is presented for
payment.
Cash surrender value is the amount an insured must pay to cancel a policy.
