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Fraud occurs only when there is reliance on a statement of opinion.
Equity is a branch of law, founded in justice and fair dealing, that seeks to supply a
remedy when no adequate remedy at law is available.
A lien is an encumbrance on a property to satisfy or protect a claim for payment of a
debt.
The act of state doctrine provides that the executive branch of one country will not
examine the validity of public acts committed by a recognized foreign government
within its own territory.
Administrative law consists of the rules, orders, and decisions of administrative
agencies. .
A joint stock company is a hybrid of a partnership and a corporation.
A shipment contract requires that the seller deliver the goods to a particular location.
An unknown individual launches a series of attacks against the Web sites of Prime Sales
Corporation. The attacks significantly slow the sites, leading to $100 million in damage
in terms of lost work time, lost revenue, site repair costs, and other expenses. The
attacker does not intend to profit from the onslaught and in fact does not realize any
financial benefit from the effects. How is this attack most likely orchestrated? Who is
most likely to engage in this actthat is, whose habits and limitations are clearly suited to
such conductand why?
Pricing information is not a trade secret.
Under Title VII of the Civil Rights Act of 1964, most private firms are required to
implement affirmative action policies.
Some states impose a duty on a minor who disaffirms a contract to restore the adult
party to the position he or she held before the contract was made.
Obeying the law does not necessarily fulfill all ethical obligations.
The date when the principal of a bond is returned to the investor is called the maturity
date.
Law consists of enforceable rules governing relationships among individuals and
between individuals and their society.
A lender can make a higher-priced mortgage loan based on the value of the consumer's
home without verifying the consumer's other credit obligations.
Letters of credit are formal contracts that are often used in international sales contracts.
Jai owns an orchard behind Key's house and property. The only access to the orchard is
Key's driveway, which Jai uses to get to her orchard. Jai sells the orchard to Laurentz.
Can Laurentz use the right-of-way across Key's property?
An agency relationship must be based on an express or implied agreement that the
agent will act for principal and that the principal agrees to have the agent so act.
Before filing a registration statement, an issuer must offer to sell securities.
All international sales contracts should have a choice-of-language clause to designate
the official language by which the contract will be interpreted.
