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A nonnegotiable instrument's terms are not enforceable.
A limited liability company is identical to a Subchapter S corporation.
In general, transferees who are aware of facts that would make a reasonable person ask
questions are deemed to know what they would have learned if they had asked
questions.
Since 1947 and the end of the World War II era, the goal of the General Agreement on
Tariffs and Trade (GATT) has been to restrict world trade.
The process of incorporation involves the expenditure of funds for organizational
expenses.
An agent's liability as a party to a contract with a third person is not affected by the
degree of disclosure.
At common law, a minor cannot be held contractually liable for his or her necessary
medical expenses when the parent is unable or unwilling to pay.
Some courts have rejected the requirement of privity for malpractice and instead
approach each situation on a case-by-case basis.
When it is claimed that a contract is too indefinite to be enforced, a court will do its best
to find the intent of the parties and thereby reach the conclusion that the contract is not
too indefinite.
If a state or local Equal Employment Opportunity agency (EEO) exists, a party charging
discrimination must first file a complaint with that agency before filing a charge with
the EEOC.
Small children are afforded additional protection against the trespass rule through the
"attractive nuisance" doctrine.
The rights and duties of warehousers are regulated by the UCC.
Shareholders exercise direct control over their corporation.
The term "cyberspace" describes the World Wide Web and Internet communication.
An interest in a corporation is based on the ownership of one or more shares of stock of
the corporation.
If goods are specially manufactured and the buyer refuses to take them, it is possible for
the seller to recover as damages the full purchase price and keep the goods.
When a lease is assigned, the assignee becomes the sole obligor for rent payments, and
the original lessee is discharged from the lease.
A seller who makes a written express warranty for consumer goods costing more than
$50 must conform to FTC regulations.
