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When both the bank and the customer failed to use ordinary care to prevent alteration or
forgery of checks then a comparative negligence is used to determine liability for
damages.
Under the FTC section 5, in proving deception of a consumer it is not important if the
consumer was acting reasonably when they were taken advantage of.
Securities and Exchange Commission (SEC) has the power to impose civil fines up to
$500,000 and issue cease and desist orders.
State governments establish the standard for drinking water in the United States.
According to the Clayton Act, trade unions and their activities can be construed as
illegal.
If an employer terminated an employee to prevent having to pay benefits on a case then
the employee may have an action for breach of the implied covenant of good faith and
fair dealing.
The primary source of power for a corporation is the GATT (General Agreement on
Trade and Tariffs).
A stop order must be made so a bank is given a reasonable opportunity to act on the
order.
Administrative agencies are created by orders from the courts.
An officer or director of a corporation may be liable if they acted beyond their scope
and corporation property was damaged or wasted.
There are three major defenses to price discrimination under the Robinson-Patman Act.
If a shareholder receives a dividend with knowledge of it being an illegal distribution
then the shareholder is liable to the corporation for the amount of the dividend.
Courts and legislatures in dealing with professional negligence usually defer to the
members of a profession to determine what the professional standard should be.
Section 7 of the Clayton Act prohibits mergers of companies that would lessen
competition in the market or create a monopoly.
