Corporate governance can be defined as the relationship between a corporation and its
directors.
Any conspiracy that has a substantial effect on U.S. commerce is within the reach of the
U.S. antitrust laws.
A merchant is a person who deals in goods of the kind involved in the sales contract or
who holds herself or himself out as having skill or knowledge peculiar to the practices
or goods being purchased or sold.
Business ethics focuses on ethical behavior in the business world.
A fixed-term tenancy is created when a lease does not specify its duration.
A firm offer by a merchant may be oral.
Tender must occur at a reasonable hour and in a reasonable manner.
Giving an agent a power of attorney confers implied authority.
The public disclosure of private facts about a person is an invasion of privacy.
A market division by class of customer between rival firms violates antitrust law.
An employer may avoid laws regulating monitoring activities by informing employees
that they are subject to monitoring.
Strict liability depends on privity of contract between an injured party and a seller.
For an offer to be effective, the offeror must have a serious intention to become bound
by the offer.
“Forward-looking” financial forecasts are prohibited under SEC Rule 10b-5.
A de jure corporation is one that is one that has substantially complied with all
requirements for incorporation.
Insurance companies are exempt from antitrust laws whenever state regulation exists.