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A professor photocopies fifty copies of a copyrighted chart to distribute to his students
in class. This is a clear violation of the Copyright Act.
After the coronation of Edward VII was postponed and parties who had entered into
contracts in anticipation of the event filed numerous suits, the doctrine of frustration of
purpose evolved.
A company does not have to issue all of the shares authorized by the corporate charter,
but it cannot issue more shares than are authorized.
An agent who has either actual or apparent authority has the power to bind his
principal.
Section 11 of the 1933 Securities Act imposes liability upon an accountant for
negligence in the conduct of an audit.
All interests in property that can be conveyed carry the right to immediate possession.
A restrictive covenant stating that a house cannot be sold to someone who is not of the
Caucasian race will be upheld by the courts.
An output contract is an agreement of a buyer to purchase a seller's entire output for a
stated period.
