When a credit application is refused, it is sufficient that the lender give the applicant a
written statement saying: “application refused.”
Transfer or possession and use of bailed property without compensation is a gratuitous
bailment.
In some states an exculpatory clause protects the accountant from a malpractice suit
brought by a third party but now from a suit brought by a client.
At common law, a minor cannot be held contractually liable for his or her necessary
medical expenses when the parent is unable or unwilling to pay.
Business corporations exist to make a profit.