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A contract may have to be in writing to be enforceable even if its performance is
possible within a year.
Anyone who writes a book has automatic copyright protection in every country in the
world.
The simplest form of business is a sole proprietorship.
A court will not pierce the corporate veil of a corporation that is formed merely to
evade an existing legal obligation.
Damages are awarded for whatever injury a nonbreaching party suffers, whether or not
the breaching party could have foreseen the injury.
Firing a worker who refuses to perform an illegal act violates public policy.
The same principles that govern the filing of a liquidation petition apply to
reorganization proceedings.
A surety is secondarily liable for the debt of a principal.
The Securities Exchange Act of 1934 provides for continuous, periodic disclosures by
publicly held corporations.
Ethics is concerned with the fairness or justness of an action.
In a repayment plan case, the plan must provide for payment of all obligations in full.
A person whose name is forged on an instrument is liable to pay only a holder in due
course the value of the forged instrument.
Pam borrows $5,000 from Quality Auto Sales to buy a car. When Pam does not pay the
loan or return the car, Quality wants to transfers the right to the payment to Rapid
Collection Agency. Rapid agrees to pay Quality for this right, but for a price that is less
than the amount owed. Can Quality transfer this right to Rapid without Pams consent?
If so, and Quality committed fraud in the deal with Pam, could Pam legitimately refuse
to pay Rapid? Explain.
Generally, contract doctrines apply to a landlord-tenant relationship.
An easement can be created by implication.
The least common forms of securities are bonds issued by corporations.
A minor may disaffirm a contract only if the subject matter is illegal.
The UETA covers only e-records and e-signatures relating to a transaction.
