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The Model Business Corporation Act is a state statute that, like the UCC, has been
adopted by all of the states in the United States to make state incorporation statutes
uniform throughout the United States.
A principal who authorizes his agent to commit a tortious act with respect to the
property or person of another is not liable for the injury or loss sustained by that person.
Death or insanity of either the offeror or the offeree ordinarily terminates the offer.
Federal district courts may hear all matters collateral to the bankruptcy, even if these
matters are not normally permitted to be brought in federal court.
Realty owned concurrently by more than one person can be physically divided into
smaller, individually owned parcels by a process known as profit a prendre.
The liability of partners for a tort or breach of trust committed by any partner is
unlimited, personal liability.
