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Under the UCC, parties to a contract cannot limit or exclude consequential damages.
The basis for an employee's contribution to Social Security is the employee's age.
Punitive damages are generally available in contract disputes.
If the corporate directors fail to sue in the corporate name to redress a wrong suffered
by the corporation, then the shareholders can do nothing.
Merchants are not required to warrant that the goods they sell are fit for their ordinary
purpose.
It is not a crime to defraud the public through the use of ads on television.
If property is owned as community property, each spouse owns an undivided one-half
interest in it.
In cyberspace, no two businesses can use the same domain name.
Corporations can be perceived as owing ethical duties to groups other than their
shareholders.
To execute a valid will, a testator must remember the "natural objects of his or her
bounty."
A fanciful use of ordinary words may be trademarked.
For an item to be characterized as a "good" under the UCC, it must be intangible.
A pipe in Gert's house springs a leak. Gert contracts with Holly's Plumbing &
Construction Company to repair the pipe and fix the damage to Gert's house. Gert pays
10 percent of the price in advance. Holly's does the work, but Gert refuses to pay the
rest of the price. What can Holly's do, and how is it done?
The term consideration refers to the voluntary consent of all of the parties to a contract.
An applicant for insurance has a duty to disclose only material facts that the insurer
asks for.
For consumer goods costing more than $25, a written warranty must be labeled "full" or
"limited."
To create an enforceable security interest, the secured party must give value.
