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Generally, a corporation that purchases the assets of another corporation is
automatically responsible for the liabilities of the selling corporation.
A price-fixing agreement has the potential to lessen competition.
The Bill of Rights confers absolute rights, not subject to interpretation by the United
States Supreme Court.
A covenant not to compete between ongoing businesses is always enforceable.
Some constitutional protections apply to business entities.
Unions must allow their members to participate in union meetings.
C.I.F. stands for "cost, insurance, freight."
Under the doctrine of respondeat superior, an agent is liable for the principal's
negligence.
Taking private property for public use requires the payment of "just compensation."
Federal agencies must consider ways to reduce the economic impact of new regulations
on small businesses.
Before obtaining a discharge in bankruptcy, a consumer-debtor must attend a consumer
education course (unless such a course is unavailable).
Any person can ask for copies of any information on that person contained in federal
government files.
All employees are entitled to overtime pay.
A seller with voidable title can transfer good title to a good faith purchaser for value.
Managers must apply different standards to themselves than they apply to their
employees.
The establishment clause of the U.S. Constitution prohibits the federal government
from establishing an official religion.
Building subcontractors are not independent contractors.
An oral contract for a sale of goods priced at $499.99 must be in writing to be
enforceable.
In winding up a general partnership, partners receive distributions of profits before
non-partner creditors are paid.
