LAW 282 Midterm 2

subject Type Homework Help
subject Pages 3
subject Words 225
subject Authors David P. Twomey, Marianne M. Jennings

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Unclaimed property is often transferred to the government under the concept of escheat.
A party who in good faith has provided substandard performance of a contract may sue
to recover the payment specified in the contract.
Corporations are entitled to Fifth Amendment protection.
An agreement by an employee to refrain from disclosing trade secrets is generally not
binding.
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Crimes and criminal punishment guidelines are specified in detailed criminal codes and
statutes.
If an instrument is payable to bearer, it may be negotiated by transfer of possession
alone.
When a method of transportation called for by a contract becomes unavailable for any
reason, the contract is automatically voided.
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Fire insurance is a personal contract, and in the absence of statutory or contractual
authorization, it can be assigned without the consent of the insurer.
Documents filed by both parties at the beginning of a lawsuit are called the pleadings.
A limited partner may never sue the business.

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