The finder of lost property is usually entitled to a judicially-determined reward for
finding and caring for the property until the rightful owner reclaims it.
Charitable subscriptions by which individuals make pledges to finance the construction
of a college building, a church or another structure for charitable purposes are binding
to the extent that the donor should have reasonably realized that the charity was relying
on the promise in undertaking the building program.
When a party refuses to perform a contract when the time for performance arises, an
anticipatory repudiation has occurred.
The criminal law of all states is the same because all states have adopted a uniform
criminal code.
An after-acquired property clause in a consumer security agreement can cover only
goods acquired by the debtor within thirty (30) days after the creditor gave value to the
debtor.
When a court finds a clause of a contract unconscionable at the time it was made, it
may enforce the remainder of the contract.
A properly mailed acceptance takes effect when mailed, even if it never is received by
the offeror.
Herman Corporation is engaged in preparing a marketing campaign consisting of
electronic and print images. Drawings and photographs for the campaign are coming
from a variety of sources, including popular magazines, international newspapers, and
web sources. The marketing vice president asserts that the company may use the images
under the fair use doctrine. What factors should be considered in the application of the
fair use doctrine?
A board of directors’ oversight responsibilities for its company’s business affairs do not
include evaluating management’s performance.
Although processes and machines are eligible for patent protection, manufactures and
compositions of matter are not.
Administrative agencies may make the rules, police the community to see the rules are
obeyed, and sit in judgment to determine violations of their rules.
A deed, like a contract, must be supported by consideration to be effective.
Shareholders exercise direct control over their corporation.
A will, to be effective, always must be dated.
Legislation commonly requires that an installment-sale contract specify the cash price,
down payment, finance charges, and insurance costs.
The CISG governs all contracts between parties in the countries that have ratified it.
If an order or promise is not for money, the instrument is not negotiable.
A divestiture order is a decree ordering a defendant to dispose of excessive ownership
or control of interests in competing enterprises.