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It is not possible to violate a business regulation without realizing it.
Under a destination contract, the risk of loss passes to the buyer when the goods are
duly delivered to the carrier.
There are legal questions involved when choosing an appropriate business
organizational form.
An "X" can qualify as a signature on a will.
Life tenants are persons who share ownership rights simultaneously.
Under the UCC, the meaning of any agreement must be interpreted in light of
commercial practices.
Ethical codes of conduct can set the ethical tone of a firm.
A sole proprietor may own and manage any type of business.
No contract can prohibit delegation of the duties of the contract.
Sara needs $1,500 to buy textbooks and other school supplies. Tomas agrees to loan
Sara $1,500, accepting as collateral Sara's car. They put their agreement in writing and
sign it. Sara keeps possession of the car. Does Tomas have an enforceable security
interest? How can Tomas let other creditors know of his interest in the car?
In most instances, an agency is not required to obtain a search warrant before a physical
search for evidence is conducted.
If a contract specifies a certain carrier, a substitution of a different carrier for any reason
breaches the contract.
A release does not require consideration to be legally binding.
An oral contract for a transfer of land is always enforceable.
If a principal cannot be contacted in an emergency situation, an agent cannot deviate
from previously given instructions.
The "first-in-time" rule means that an unperfected security interest takes priority over a
perfected security interest.
When the dominant party in a fiduciary relationship benefits from that relationship, a
presumption of undue influence arises.
A bankruptcy estate consists of all the debtor's interests in property currently held,
wherever located.
