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The function of the courts is to interpret and apply the law.
Generally, there is a uniform body of national corporate law.
The board of directors of each corporation involved must approve a share exchange.
The Bill of Rights protects individuals against types of interference by the federal
government.
No employee has a reasonable expectation of privacy in the workplace.
A party seeking to recover in quasi contract must show that he or she has been unjustly
enriched.
Dominique, a certified public accountant, provides accounting services to Eagle
Corporation. The services include preparing Eagle's financial reports and issuing
opinion letters based on the reports. In 2008, Eagle falls into serious financial trouble,
but neither Dominique's reports nor her opinion letters indicate this situation. Relying
on Dominique's portrayal of Eagle's financial situation, Eagle borrows a large sum of
money to build a new shipping facility. In lending Eagle the money, First National Bank
relies on Dominique's opinion letter. Dominique is aware of this reliance. If Dominique
did not engage in intentional fraud but was negligent, what is her potential liability?
In a sale or return, the seller delivers the goods to the buyer with the understanding that
the buyer can set aside the deal by returning the goods.
One way to acquire ownership rights to property is merely to possess it.
Privity of contract refers to the privacy that contracting parties should maintain with
respect to their contract.
A party's oral agreement to pay another's debt is enforceable if the party's main purpose
is to derive a benefit for himself or herself.
There are no exceptions to the rule that contracts voluntarily entered into will be
enforced.
The liability of professionals is based solely on common law.
An employer can require an employee to take a lie-detector test when investigating
losses attributable to theft.
Undue influence can occur when a named beneficiary is in a position to influence the
making of a will.
Constructive eviction occurs when a tenant moves off the premises in retaliation against
the landlord.
An incidental beneficiary can sue directly to enforce a promisor's promise.
Restrictions on imports may include quotas.
Administrative agencies can conduct warrantless searches in some situations.
A general partner has the power to dissociate from a limited partnership regardless of
what the partnership agreement specifies.
