The term “past consideration” is not really consideration at all because the law will not
find a contract where there is no bargained-for-exchange.
Bailments for the bailee’s sole benefit are usually limited to the gratuitous loan of
personal property for use by the bailee.
Carlos wrote a check with the numbers $4500 and the written amount as forty-five
dollars. Explain how the ambiguity will be resolved.
Res ipsa loquitur means “the thing speaks for itself” and it permits the jury to infer
negligent conduct and causation from the mere occurrence of certain types of events.
Identify three ways an agent may agree to become liable on a contract between a
disclosed principal and the third party.
Accountants are subject to civil liability under the 1933 Act if the financial statements
they prepare or certify for inclusion in a registration statement contain any untrue
statement or omit any material fact, but only if reliance on the financial statements is
proven.
Because private causes of action have proved to be inadequate to recompense and
prevent environmental damage, the federal, state, and local governments have enacted
statutes designed to protect the environment.
Kant’s approach, like that of ethical fundamentalists, asserts that universal laws stem
from the direct pronouncements of God.