Price fixing is the primary example of a per se violation of the Sherman Act.
An “X” or a thumbprint could constitute a signature under the Code.
A devise is a gift by will of personal property.
Fraud in the inducement will render an agreement void.
Because the language of Section 1 of the Sherman Act is so narrow, there is little room
for judicial interpretation in establishing what constitutes a violation.
Social coercion to enter into a contract cannot be a basis for avoidance of the contract.
The National Cooperative Research Act is designed to inhibit formation of joint
ventures.
The “perfect tender rule” would allow a buyer to keep merchandise that deviates from
the contract without having to perform himself.
The Clean Air Act’s 1990 Amendments sought to hasten attainment of certain air quality
standards, but failed to address specifically the subject of ozone pollution.
A patent last for life, while a copyright ends after 50 years.
A contract to sell life insurance is covered by Article 2 of the Uniform Commercial
Code.
Upon the termination of an agency, the agent’s actual authority ceases. However, his
apparent authority may continue until actual notice of the termination is given to third
parties.
The Norris-La Guardia Act gave federal courts the power to issue injunctions in
nonviolent labor disputes.
An example of language creating a suretyship as meant under the statute of frauds
would be the following: “If my business partner does not write out the check for the
supply bill for our company, I will.”
Amendments to Article 2 of the UCC were promulgated in 2003 to reflect
developments in the law and business practices and to accommodate electronic
commerce.