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Scienter is not a requirement for an accountant to be civilly liable under Rule 10b-5.
All interests in property that can be conveyed carry the right to immediate possession.
An indorsement that says, "Pay to the Order of John Jones, signed Michael Johnson" is
a blank indorsement that turns a check into bearer paper.
Substituted contracts discharge the original duties immediately.
Rights represented by a stock certificate or a promissory note are examples of
intangible property.
Businesses which wish to safeguard their technology while doing business in the
international sector would not want to consider the use of wholly owned subsidiaries.
A variance may be granted to permit deviation from a zoning ordinance where the
application of the ordinance to specific property would cause its owner particular
hardship unique to the property.
Explain what is meant by an implied warranty of habitability and how this doctrine has
changed the common law approach with respect to residential leases.
Section 402A of the Restatement applies only if the defective product is unreasonably
dangerous.
If a principal debtor defaults on a loan, an absolute surety will have to pay upon
demand of the creditor.
During the twentieth century it became harder to enter into a contract as well as to get
out of one.
The face of a promissory note contains the words, "Pay to the order of Jim Smith." A
holder of this note, other than Jim Smith, must have possession of the instrument and
the indorsement of Jim Smith.
Registration with the SEC ensures a potential investor as to the financial soundness of
the business represented by the stock.
A company claiming rights in a trademark may use the TM designation even if the mark
is not registered.
Under the RUPA, dissolution is the equivalent of termination of a partnership.
Describe and summarize what happens during the collection process once a check is
deposited in a customer's account. How does it get back to the drawee?
What is the basis for an accountant's potential criminal liability in rendering
professional services?
Rescission is usually permitted where the parties to a contract are both mistaken about a
material fact.
