To be effective, checks must be executed on forms that are printed expressly for that
purpose and issued by a bank or other financial institution.
Franchisors may be found liable for the wrongful conduct of their franchisees on an
apparent authority theory when the conduct of the franchisor creates an appearance of
authority.
Consideration is what a promisor demands and receives as the price for a promise.
When an agreement is illegal, parties are usually not entitled to help from the courts.
A party to an existing contract can modify the agreement without the other party’s
actual acceptance or approval.
Bud is unable to obtain a loan without some form of additional reassurances. Bud
comes to you for assistance. You are willing to help Bud, but you wish to protect
yourself from liability as much as possible. Would you prefer a surety or a guaranty?
The bank issuing the loan also wishes to protect itself as much as possible. Would the
bank prefer a surety or guaranty? If your oral assurances are enough to solidify the loan,
has a surety or guaranty been formed?
A restrictive indorsement specifies the purpose of the indorsement or the use to be made
of the paper.
Conville signed a note as an officer of the Hughesville Manufacturing Corporation, but
she did not name the corporation in the note or indicate that she was acting as an officer
for it. Later, she was sued by the Grange National Bank, the holder of the note. She
raised the defense that the corporation was liable on the note. Who was liable?
The duties of officers of a corporation are generally set forth in the articles of
incorporation.
Cyberlaw is a completely new area of law, unrelated to any established field of law.
If while trespassing a hunter kills game, the game belongs to that hunter.
Title VII of the Civil Rights Act of 1964, as amended, is the principal law regulating
equal employment opportunities.
Consumers must re-register every three years in order to stay on the National Do Not
Call Registry.
Generally, the tenant has the right to the exclusive possession of the premises during the
term of the lease.
Equal employment opportunity laws provide protection for minorities and women, but
the disabled are not within the protection of the laws.
A contract for the sale of goods with a price of $500 or more requires written proof to
be enforceable.