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Service of process is the process of obtaining information from an opposing party
before trial.
A "donee beneficiary is a type of an "incidental beneficiary.
A restriction on commercial speech is valid as long as it forbids only the expression of
views on controversial issues.
A personal name is protected under trademark law if it acquires a secondary meaning.
For shareholders to act during a meeting, a quorum must be present.
When the risk of loss for goods passes from a seller to a buyer is generally determined
by the contract between the parties.
If a loan is not paid within a reasonable time after a notice of default, the borrower will
receive a notice of sale.
In many states, a release requires a signed writing.
On a cashiers check, the drawer is also the drawee.
A minor may avoid any contract with an adult.
A contract can be created only when a promise is given in exchange for another
promise.
In most courts, auditors cannot be held liable to third parties for negligence in the
performance of their duties.
Professionals can limit their liability to some extent by disclaiming it.
A superseding cause is an intervening event that imposes liability on a defendant for
injuries caused by the intervening event.
A bankruptcy estate consists of all the debtors interests in property currently held,
wherever located.
A limited liability company must be managed by its members.
A creditor beneficiary can sue the promisor directly for breach.
Performance that provides a party with most of the benefits of a contract, in spite of a
deviation from the terms, is substantial performance.
A new corporations name can be deceptively similar to, but not the same, as the name
of an existing corporation doing business within the state.
