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The Restatement (Third) of Torts: Products Liability has experienced rapid adoption by
the states.
An implied-in-law condition must be fully performed.
Under Chapter 11, a class that is not impaired under a plan is deemed to have accepted
the plan.
The Uniform Commercial Code follows the common law rule that requires a
modification of an existing contract to be supported by consideration in order to be
valid.
A corporation has perpetual existence unless otherwise stated in its articles of
incorporation.
Define legal detriment.
A limited partnership must continuously maintain within the state in which they do
business, an office at which basic organizational and financial records are kept.
Arguments exist which oppose business involvement in socially responsible activities.
These arguments involve profitability, unfairness to employees and shareholders,
accountability, and lack of expertise managing socially useful activities.
When the rights under a contract are highly personal, they are not assignable.
