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Dividends can be paid only in stock in other corporations.
A director does not need to disclose any conflict of interest before voting on a proposal.
A mechanic's lien is possessory.
Tangible property has physical existence.
A consumer who believes that he or she has been or may be victimized by identity theft
may place an alert on his or her credit file.
When there is a direct conflict between a federal and a state law, the state law is
rendered invalid.
Duress is a defense to the enforcement of a contract, but not a ground for rescission of a
contract.
A director usually serves on a corporation's board for a life term.
Lack of discriminatory intent is a complete defense to a charge of unlawful employment
discrimination.
A failure to return personal property is disparagement of property even if the rightful
owner consented to the initial taking.
If a contract is illegal, a court will not enforce it.
Intermittent advances against a line of credit can be subject to the same collateral.
Sexual harassment can only occur if sexual favors are actually demanded of an
employee.
A state long arm statute allows a court to exercise jurisdiction over out-of-state
defendants based on activities that took place within the state.
A bank may NOT pay any checks on a customer's account after the date of the
customer's death.
