An agency can terminate once its purpose is achieved.
Joint venturers have the authority to enter into contracts that will bind the joint venture.
A divestiture is an order to a company to cease, or divest itself of, its anticompetitive
conduct.
The drawee who signs a draft or check is not primarily liable to any subsequent holders.
In some states, misdemeanors are punishable by imprisonment for up to 10 years.
A bailee must exercise reasonable care in preserving the bailed property.
Only a board of directors can initiate the dissolution of a corporation.
The First Amendment protects corporate political speech.
A forum-selection clause indicates the forum, or location, for the delivery of goods
purchased online.
An independent contractor is an employee.
Adding value to a piece of personal property by labor or materials is accession.
A patent and a copyright are examples of intellectual property, but a trademark is not an
example of intellectual property.
When an owner is unable to make mortgage payments, a lender may agree to a short
sale.
A corporation’s officers and other executive employees are hired by corporate
shareholders.
Securities of nonprofit, educational, and charitable organizations are not exempt from
the registration requirement of the 1933 Securities Act.
A minor has a reasonable time, after the minor reaches the age of majority, to disaffirm
a contract.
The validity of a provision permitting the franchisor to establish and enforce certain
quality standards is questionable.
It is a violation of federal law to destroy or deface any labeling required on a pesticide
or herbicide.
Through tort law, society compensates those who suffer injuries as a result of others’
wrongful conduct.