Under the Fourth Amendment, a general search warrant and a general search through a
person’s belongings are permitted.
When an agency relationship is terminated, the principal has a duty to personally notify
third parties who knew of its existence.
Loan flipping occurs when a lender convinces a homeowner to refinance soon after
obtaining a mortgage.
A restriction on commercial speech is valid as long as it forbids only the expression of
views on controversial issues.
If, before the time for performance, a buyer communicates an intent not to perform, the
seller can consider the buyer in breach and pursue a remedy.
Suppliers are generally required to expect reasonably foreseeable misuses of their
products.
If a principal ratifies a contract without knowing all of the facts, the principal can
rescind the contract.
An otherwise valid contract may be unenforceable if it is not in writing.
The element of intent is not very important in determining whether a contract has been
formed.
Once a writ of execution has been issued, the debtor cannot pay the judgment and
redeem the property until after a sale has taken place.
Any person who buys preferred stock has priority over a holder of common stock to
payment on the corporation’s dissolution.
College Copy Shop (CCS) compiles, copies, and sells reading materials to students. The
compilations are prepared on the instructions of professors, who indicate which parts of
which publications should be included for their students. The copied materials include
texts published by Deep Topics, Inc. CCS does not obtain the permission of Deep
Topics, or any of the other original publishers of the copied materials, and does not pay
royalties on the sales of the compilations. Deep Topics and others file a suit against
CCS, alleging infringement of their intellectual property rights. Which type of
intellectual property is involved in this situation? What is CCS’s likely defense? How is
a court most likely to rule? Explain.
The President determines the jurisdiction of the federal courts.
A franchisor can set the retail prices for the goods that a franchisee sells.
When a member dissociates form a limited liability company, the member’s duty of
loyalty continues.
A bearer instrument is an instrument that does not designate a specific payee.
An implied contract is implied from the conduct of the parties.
When a document of title is required, title passes to a buyer when and where the
document is delivered.
State limited liability company statutes are uniform.