Negotiable instruments are examples of formal contracts.
A tenant can claim that there has been a constructive eviction even if the tenant
continues to occupy the rented premises.
In every contract there exists an expressed covenant of good faith and fair dealing.
Upon a seller’s tender of nonconforming goods and the buyer’s rejection of them, the
transaction has ended.
The powers of the officers of a corporation are controlled by the laws of agency.
In limited circumstances customer lists are protected under trade secret laws.
In addition to state legislatures and the United States Congress, all cities, counties, and
other governmental subdivisions have some power to adopt ordinances within their
sphere of operation.
A creditor must only file a proof of claim if the bankruptcy trustee does not know of the
existence of the claim.
When a contract to sell identified goods does not specify a place of delivery, but both
parties know that the goods are in a place other than the seller’s place of business, that
other place is the place of delivery.
The term “cyberspace” describes the World Wide Web and Internet communication.
Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, a
discharge is available only once every ten (10) years.
The United Nations Conventions on Contracts for the International Sale of Goods
(CISG) sets forth uniform rules to govern international sales contracts.
The delivery of a check is regarded as an assignment of money on deposit, and the
drawee bank is required to pay the holder the amount of the check.
An agent should never sign a contract using “by” or “per” and then his or her name.
Another term for par value is book value.