If a warehouse receipt provides for the delivery of the goods “to the bearer,” the receipt
may be negotiated by transfer of the document.
The tort of intentional infliction of emotional distress requires proof of outrageous
conduct and resulting emotional distress in the victim.
In an administrative hearing, an administrative law judge hears the complaint and has
the authority to swear witnesses, take testimony, make evidentiary rulings, and make a
decision to recommend to the administrative agency heads for action.
A bank’s customer whose signature has been forged may be barred from holding the
bank liable if the customer’s negligence substantially contributed to the making of the
forgery.
Because the power to regulate interstate commerce has been interpreted broadly,
Congress has great power to adopt regulatory laws affecting the economy.
Partners have no authority after dissolution to create new obligations, but they do retain
authority to perform any acts necessary to wind up the business.
A corporation must have at least two shareholders.
Coppersmith executed and delivered negotiable notes to the payee, Charlene. The payee
endorsed the notes to Whitehurst but did not deliver them. Instead, she kept the notes in
her possession because she wanted to collect the interest during her life and wanted the
endorsee to have the notes on her death. After Charlene’s death, her executor,
Cartwright, found the notes. Both Cartwright and Whitehurst sought to enforce the
notes against Coppersmith. Who was entitled to do so?
A lease is the relationship by which one person is in lawful possession of real property
owned by another.
Damages representing annoyance ordinarily may not be recovered in a
breach-of-contract action.
Due process includes the right to be heard, question witnesses, and present evidence.
The fact that parties share profits and losses is strong evidence of the existence of a
partnership.
To have the status of a holder in due course, a person must first be a holder.
If questions of fact are involved, the court will decide the case based on the pleadings
alone.
Donna called her stockbroker Henry and told him to purchase 300 shares of Royex
Corporation shares at $15 per share, the current market price. Henry agreed to do so,
but became distracted and failed to do so. The price of the shares rose $3 in price that
day. In the evening, Donna in a telephone conversation agreed to sell 300 shares of
Royex to Sid. Assuming Henry and Donna dispute the validity of the contracts, which
of the contracts are enforceable in court?
“Race norming,” a process whereby the results of hiring and promotion tests are
adjusted to ensure that a minimum number of minorities are included in application
pools, is a lawful form of affirmative action.
A sale of goods is defined under UCC Article 2 as transfer of title to intangible property
for a price.
When a buyer has broken a sales contract, the seller may resell the goods or the balance
of them in the seller’s possession.
The tort of false imprisonment requires the detention of a person without his or her
consent.
In January, a buyer and a seller agreed on the sale of 10,000 pounds of tomatoes to be
delivered on July The contract stated that the seller would set the price on June 15 and
that the buyer would pay the price on delivery. On June 15, the market price of
tomatoes was approximately 75 cents per pound. The seller set the price at $50 per
pound and the buyer demanded that the price be lowered.
When the parties could not agree, a lawsuit developed. The key issue was whether the
seller had the right to set the $1.50 price. Decide.