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The right of exoneration allows the surety to require the principal debtor to pay his
obligation to the creditor.
Under the 1934 Act, an accountant's liability for false or misleading statements is based
on a good faith negligence standard.
A business's secret information is always best protected through patents, but trade secret
law may also be used as a back-up if the courts invalidate the patents or the patents
expire.
The major distinction between trespass to personal property and conversion is whether
the exercise of dominion or control was intentional.
You have just been asked to serve as a host for a visitor from France who is very
interested in the American legal system and the formation of law in the United States.
How would you explain the system of law in this country to your guest?
A corporation's adoption of a promoter's preincorporation contract made in the name of
the corporation usually releases the promoter from liability on the contract.
An environmental impact statement is required by NEPA if federal legislation or action
will have a significant environmental effect.
Discuss the fundamental rules of contractual liability between a principal and the third
party.
