A contract for the sale of shares must be evidenced in writing.
The sale of corporate assets outside the regular course of a corporation’s business is an
example of an extraordinary matter.
Sue is an employee at an ABC store. One of Sue’s duties is to prepare the bank deposit
at the end of the business day. Sue had a very busy day and made a few mistakes. All of
the checks, except two, were indorsed with the stamp “ABC, Inc.” that ABC had
provided. The bank received the deposit and noticed the lack of indorsement on the two
checks. In addition, three of the checks that Sue was to include with the deposit were
lost in the parking lot after closing. Phil found the checks and deposited them into his
personal account. What is the effect of ABC’s indorsement on the lost checks and the
lack of indorsement on the two deposited checks?
If a principal terminates an agency without giving notice of the termination to third
persons, the agent may retain the power to make contracts that will bind the principal
and third persons.
Both general partnerships and limited partnerships are created only through the process
of executing a certificate.
A tort is a wrong arising from a violation of a public duty.
Bankruptcy of only one of the partners does not cause dissolution of the firm.
Within the area in which the administrative agency is authorized to make decisions, the
agency can be regarded as a specialized court or court of limited jurisdiction.
A person who acquires the instrument on which the last indorsement is blank becomes
the holder.
The often competing rights of both debtors and creditors are balanced and protected
from excesses under United States law.