Employers are required to give notice to employees that they will monitor their
employees’ e-mail.
Corporations are entitled to Fifth Amendment protection.
Civil disobedience is the remedy natural law proponents use to change positive law.
Unwillingness of businesses to voluntarily improve the ethics of their practices has little
practical effect on the regulatory environment.
In order to satisfy the statute of frauds, all partnership agreements must be in writing.
A direct sale by an American firm to a customer abroad, with terms of payment
commonly based on an irrevocable letter of credit, is an import sale.
A board of directors may enter into any contract or transaction necessary to carry out
the business for which the corporation was formed.
Courts can create law.
When arbitration is mandatory under a statute, the losing party generally can appeal
from such arbitration to a court.
In an action by a third party against the buyer that is based on the seller’s breach of
warranty, the buyer must give notice of the action to the seller.
Humberto called his friend John and asked him to come over immediately because
Humberto had suffered a stroke and might be dying. In their telephone conversation,
Humberto advised John that he wanted to give John his gold watch. Immediately after
their telephone conversation, Humberto wrote out a will that left his share in Blackacre
to John. Blackacre was the marital home of Humberto and Connie, who owned the
home as tenants by the entirety. Humberto died before John arrived at Blackacre. John
claims the watch and a share in the home. Connie contests both matters. Decide.
The property that is subject to the security interest is called collateral.
Manuel sued Patricia on a promissory note. Patricia admitted signing the note, but
raised the defense that Manuel was not a holder in due course. Can Manuel recover
without proving that he is a holder in due course?
Predatory lending is a practice on the part of the subprime lending market whereby
lenders take advantage of less sophisticated consumers or those who are desperate for
funds by using the lenders’ superior bargaining positions to obtain credit terms that go
well beyond compensating them for their risk.
An express warranty can be made orally or in writing.
The intent to make a gift requires an intent to transfer title at that time.
Under the common law and the majority rule, a landlord has no duty to mitigate
damages when the tenant abandons the premises before the expiration of the lease.
In a sale on approval, the buyer’s approval must be demonstrated by express words.