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With a guaranty arrangement, the guarantor is secondarily liable.
A deposition is sworn testimony by a party to a lawsuit or any witness.
In most sales, sellers warrant that they have good and valid title to the goods sold.
A shareholders right to inspect corporate books and records is unlimited.
Petes Pizza employs Quincy as a delivery driver. Petes guarantees that an order will be
delivered within thirty minutes or there is no charge, and insists that its drivers meet the
limit. One night, while making a delivery, Quincy is caught in a traffic jam. To deliver
the pizza within the thirty-minute time limit, Quincy drives onto a sidewalk and hits
Ruth, a pedestrian. Is Petes liable to Ruth for her injuries? Is Quincy liable to Ruth?
Why or why not?
An unauthorized signature never binds the person whose name is signed.
Rules and regulations adopted by federal administrative agencies are compiled in the
Code of Federal Regulations.
An incidental third party beneficiary cannot sue to enforce the contract because the
benefit is unintentional.
Limited liability organizations do not protect their owners personal assets from liability
for the organizations obligations.
Compensatory damages are foreseeable damages that arise from a partys breach of a
contract.
Lenders are required to charge prepayment penalties on most subprime mortgages and
home equity loans.
The results of a consolidation are different from those of a mergerboth companies
remain.
A person who enters into a contract when he or she is intoxicated can void the contract
even if he or she understood the legal consequences.
With an adjustable-rate mortgage, the rate of interest paid by the borrower changes
periodically.
Acts of a purported agent in and of themselves can create an agency by estoppel.
