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Under no circumstances can a non-partner be regarded as an agent whose acts are
binding on the partnership.
Revocation is effective on dispatch.
To avoid liability for negligence, a business owner must protect its patrons against all
risks.
If a voidable contract is avoided, the parties to it are released from it.
An accountant is required to discover every impropriety, defalcation, and fraud in a
client's books.
The concept of a floating lien applies to a constantly changing inventory.
If a buyer repudiates a contract, the seller cannot recover damages.
A group of individuals getting together to finance a particular project may form a
syndicate.
The checks and balances in the U.S. Constitution prevent any one branch of
government from exercising too much power.
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.
The office in which a financing statement should be filed depends on the creditor's
location.
State employers are not immune from private suits brought by employees under the Age
Discrimination in Employment Act of 1967.
A director is a fiduciary of a corporation.
A will is probated in part to establish its validity.
State securities laws apply mainly to intrastate transactions.
Some states require franchisors to provide presale disclosures to prospective
franchisees.
