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An auction"we ask you to bid on this item"is an offer.
A personal name is not protected under trademark law unless it acquires a secondary
meaning.
Shareholders have no responsibility for the day-to-day management of a corporation.
An agent can take advantage of an agency relationship to make a 'secret" profit.
Willful violations of the Securities Act of 1933 may be subject to criminal prosecution.
If no heirs are found, the property of a decedent is transferred to a charitable
organization.
Rules and regulations adopted by federal administrative agencies are compiled in the
Code of Federal Regulations.
A security interest is enforceable only if the collateral is in the secured party's
possession.
The intention to enter into a contract is judged by objective facts as interpreted by a
reasonable person.
It is a violation of federal law to destroy or deface any labeling required on a pesticide
or herbicide.
For an agent's implied authority to be effective, a principal must confirm it in writing.
An act must have a substantial impact on interstate commerce to violate antitrust law.
Until the time for performance under a contract expires, the seller has a right to cure.
A principal owes an agent a duty of accounting.
The measure of damages on a breach of contract is the amount that will impress on the
breaching party the harm that has been done.
An unconscionable contract can occur in a one-sided transaction in which one party has
substantially superior bargaining power.
A group of individuals getting together to finance a particular project may form a
syndicate.
Unlike those who violate statutes, violators of agency rules are not punished.
A federal case typically originates in a federal district court.
A fixed-term tenancy terminates at the end of the specified period without notice.
