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Whether an individual partner or the partnership owns certain property determines who
gets it upon dissolution of the partnership and who shares in income from it.
A conditional indorsement is one by which the indorser makes the rights of the indorsee
subject to the happening or nonhappening of a specified event, but such an indorsement
is ineffective under Revised Article 3.
Even though contributory negligence is proven by a defendant in a state in which it acts
as a complete bar to recovery, the plaintiff may still recover if the defendant had the last
clear chance to avoid the injury.
An accommodation party will always be primarily liable on an instrument.
Embezzlement and forgery are considered white-collar crimes.
An implied in fact contract is formed by conduct.
What is the legal effect of an agreement that is criminal, tortious, or otherwise contrary
to public policy, and why does it have that effect?
