Theoretically, Congress can regulate every commercial enterprise in the United States.
Chris promises Dina $40,000 if she graduates from Eagle College. Dina enrolls in
Eagle, attends full-time for four years, and graduates. When Dina asks Chris for
$40,000, Chris says, “I dont remember promising you $40,000. But if there was a
promise, its not enforceable, because we didnt bargain for it. And even if there was a
promise that would otherwise be enforceable, I revoke it now. Can Dina enforce Chriss
“promise? Why or why not?
Under the doctrine of respondeat superior, an agent is liable for the principals
negligence.
A business that holds itself out as being a corporation may not be able to deny corporate
status, even if it makes no attempt to incorporate.
A free-writing prospectus may be used before the Securities and Exchange Commission
completes its review of a related registration statement.
In most states, if neither party requests a jury, there will be no jury trial.
An illegal contract is valid if the parties to it were unaware of the illegality.
Reliance on a misrepresentation is justified if the misrepresentation is an obviously
extravagant statement.
State law may mandate that an incontestability clause be included in an insurance
policy.
A firm that is attempting to meet the competitions price may have a defense to liability
for price discrimination.
Stored-value cards are a form of digital cash.
Generally, the funds represented by a deposited local check must be available for
withdrawal within one business day.
Foreign exchange markets comprise a worldwide system for buying and selling
currency.
A severable contract is unenforceable as a violation of public policy.
A buyer has no right to accept goods that fail in any respect to conform to the terms of a
contract in every detail.
A long arm statute permits a court to exercise jurisdiction over an out-of-state
defendant.