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To satisfy the statute of frauds, the writing must be signed and must include the price of
the goods.
When property is transferred to a trust, the trustee has legal title and the beneficiary has
equitable title.
An act that is a felony in one state be a felony in all states.
After the expiration of the incontestability period of a life insurance policy, the insurer
must pay the face amount of the policy when the insured dies and cannot claim that in
obtaining the policy, the insured had been guilty of misrepresentation, fraud, or any
other conduct that would entitle it to avoid the contract of insurance.
In a sale or return transaction, until the actual return of the goods is made, title and risk
of loss remain with the buyer.
A holder is also known as an assignee of the paper
Administrative agencies are not subject to the constitutional protections afforded
individuals and businesses.
Ordinarily, the management of a corporation is not liable to third persons if the
managerial policies cause loss to such third persons.
Franchise disclosures are not required under federal law.
