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In an FOB shipment contract title to the goods pass to the buyer when goods are
delivered to the carrier.
A surety may not raise the defense of mistake.
An assignment, if otherwise valid, takes effect the moment it is made.
Damages recoverable in a case of promissory estoppel are determined by the profits that
the promisee expected.
Courts look at each case at a given point in time and are not concerned with former
cases and rulings when making current decisions.
Spot zoning may result in such inequality as to be condemned by the courts.
Under United States law, the legal owner (titleholder) of property is free to engage in
any use of the property that he or she may desire.
In addition to issues of social responsibility, business values and ethics play an
important role in the success or failure of a business.
A corporation may be judicially dissolved when its management is deadlocked and the
deadlock cannot be broken by the shareholders.
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.
Statutes often require that the attestation of witnesses be made in the presence of the
testator and in the presence of each other.
Contractual intention is determined by objective standards.
The field of business ethics recognizes that social values typically must yield to the
profitability motive.
Over half of all Fortune 500 firms train their employees to recognize and deal with
particular types of behavior that breach their ethical codes.
If a contract calls for both rendering services and supplying materials to be used in
performing the services, the contract is classified according to its dominant element.
An agency hearing is generally not subject to the rules of evidence.
The Overseas Private Investment Corporation (OPIC) offers asset protection insurance
against risk of loss to plant and equipment, as well as loss of deposits in overseas bank
accounts, to companies that qualify on the basis of the involvement of a 'substantial
U.S. interest."
