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Express warranties displace all inconsistent implied warranties.
To be legally sufficient, consideration must include something of economic value.
In most states, a person must be sixteen years of age to execute a valid will.
An ethics program can clarify what a company considers to be unacceptable conduct.
There are no exceptions to the employment-at-will doctrine.
If a contract for a sale of goods does not include a price term, a reasonable price can be
determined by looking at the market for the goods.
A person who receives an instrument as a gift normally possesses the rights of an HDC.
A deficiency judgment requires a borrower to pay the amount of debt remaining after
the collateral is sold.
Under the Restatement (Third) of Torts, accountants can be held liable for negligence to
any third parties.
Normally, when a nonbreaching party has been damaged by a breach of contract, he or
she has a duty to mitigate those damages.
Hackers sometimes rent their "crimeware as a service.
Making any material modification in the terms of a debtors contract, without the
consent of the surety, will not discharge the suretys obligation.
If no children or grandchildren survive a decedent who dies without a will, a surviving
spouse is entitled to the entire estate.
A state court can exercise jurisdiction over any property within the boundaries of the
state regardless of the property owners location.
Misrepresentation of a material fact can occur through words alone.
A gift is a voluntary transfer of property for which no consideration is given.
Compensatory damages compensate the nonbreaching party for injuries or damages
sustained by that party.
Any lawful contract can form the potential basis for an action based on wrongful in-
terference with a contractual relationship.
