Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
A prospectus sets forth the key information contained in the registration statement.
If an instrument bears a restrictive indorsement, any further transfer or negotiation is
effectively barred.
The authority of corporate employees and other officers is generally limited to the
duties of their offices.
The statement, "I doubt that I can perform the contract," is a repudiation of the contract.
Parties with rights in a negotiable instrument can be assignees or holders.
Investors who lack inside information and have sold their stock during the relevant time
period may recover damages from insiders who have made use of the undisclosed
information.
The creditors of Sara Delano have petitioned for involuntary bankruptcy proceedings
against her. Delano has been consistently late in paying her obligations for the past year.
Two months before the petition was filed, a custodian was appointed to protect Delano's
property. In her statement contesting the bankruptcy petition, Delano pointed out that
she had dealt in good faith and could not be shown to be guilty of any act of
misconduct. In addition, she cited her willingness to allow a custodian to be appointed
as an indication of her intention to avoid bankruptcy and honor her obligations. Can she
prevail?
When there is a direct conflict between a federal and a state law, federal law prevails
under the supremacy clause.
The employer of an independent contractor does not have control over the performance
of the work by the independent contractor.
Parol evidence is not admissible to show fraud, duress or mistake.
A buyer returning to the seller a raincoat that shrank in the rain is revoking acceptance.
United States common law requires that case precedents be followed under all
circumstances.
If there is a joint venture, the fault or negligence of one venturer will not be imputed to
the other venturers.
A typical situation where the doctrine of economic frustration applies is when the party
suffers a loss when a gain was expected.
Action taken by shareholders without holding a meeting is valid under the RMBCA if it
is evidenced by a written consent signed by all the shareholders entitled to vote on the
action.
