If a merchant receives and cashes a check for partial payment of a debt and the check
bears the notation that the amount is in full payment of a disputed sum, the total debt is
released.
An employment contract always will state a time or duration for the contract’s
applicability.
Employers have access and control rights to their employees’ e-mail.
When a lease runs for an indefinite period, which may be terminated at any time by the
landlord or the tenant, a tenancy at will exists.
The fact that there has been a series of contracts between the parties and that one party’s
offer has always been accepted before by the other does not create any legal obligation
to continue to accept subsequent offers.
Barnes agrees with Morgan to enter into the management of a new subdivision of
residential housing. Morgan appoints Barnes as his manager for the duration of the
development program. During the course of the construction, Barnes decides to use
funds specified for the subdivision for an office space project that Barnes alone has
been interested in completing. Morgan is very angry on learning of Barnes’ actions and
terminates the agency. Barnes insists that the agency cannot be terminated in this
manner. Is Barnes correct?
State laws that attempt to indemnify corporate directors against personal monetary
liability for gross negligence are void as contrary to public policy.
Quasi-contractual liability will generally be imposed when the cost of performing a
contract is greater than had been expected.
Commercial paper facilitates the transfer of funds and payment.
Shares of stock that have been issued to stockholders in a corporation are said to be
outstanding.
A will cannot be modified by merely crossing out a clause and writing in something
new.
The law requires parties to be fair and reasonable in the making of a contract.
Law is often defined as the body of principles that courts will enforce.
A notice of dishonor may be oral, written or electronic.
A living will, now legal in most states, provides that if the testator becomes unable to
express his or her wishes and is in an irreversible, incurable medical condition, he or
she does not want life-sustaining medical treatments.
Unless restricted in the lease, a tenant may generally use the premises for any lawful
purpose for which they are adapted.