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Private parties cannot sue violators of Section 10(b) and Rule 10b-5.
A mechanic's lien is possessory.
An accountant's liability under the Securities Act of 1933 requires privity of contract
with the purchaser of a security.
An oral contract may be enforceable if the person making the promise could foresee
that the promisee would rely on the promise.
A U.S. citizen can bring a civil suit in a U.S. court against a U.S. entity for a tort
allegedly committed overseas.
Dumping is the exporting of environmentally polluting goods to a foreign market.
In a destination contract, the seller is required to deliver the goods to a particular
destination.
A bank is not responsible for determining whether a signature on a customer's check is
genuine.
The members of a limited liability company enjoy limited liability.
A customer has a right to stop payment on a check that has been certified or accepted by
a bank.
General Equity Corporation enters into a contract with Honi, who agrees to create
artwork for General's main office building. Honi delays and eventually refuses to
perform. Meanwhile, General contracts to sell the building to Ideal Investments, Inc.,
but before the transaction is complete, Jewel Funds Company offers to pay a higher
price. General refuses to transfer the building to Ideal. In separate suits by General
against Honi and by Ideal against General, each plaintiff seeks specific performance.
How might the court rule in each case, and why?
A divestiture is an order to a company to cease, or divest itself of, its anticompetitive
conduct.
A limited liability company is a citizen of every state in which it does business.
If a corporation fails, the shareholders are all individually liable.
Persons whose names appear in a corporation's stock book are ordinarily entitled to
notice of shareholder' meetings and the right to vote.
In most cases, only a corporation's common stockholders need to approve a merger.
It is estimated that over 70 percent of the goods imported to the United States are
counterfeit.
