The formation of contracts in cyberspace is always governed by the law of the United
States.
If a plaintiff’s loss involves damaged property, it is described as liquidated damages.
If a leased building is destroyed, the lease is not terminated, and the landlord has a duty
to restore the building to its former condition.
Beth Roberts purchased a “new” car from Honest John’s Car Lot six months ago. The
sales agreement expressly described the vehicle as a new car, and all usual factory
papers accompanied the sale. However, Beth discovered that the car actually was
acquired by Honest John’s from another dealer who had used it as a demonstrator and
loaned it to business friends on a regular basis. The car had more than 10,000 miles on
it, a fact that had been concealed by turning back the odometer. Beth also discovered
that Honest John’s apparently had engaged in this practice before. Beth is suing for
breach of contract. She is asking for compensatory damages equal to the difference
between the new car price she paid and the average price the vehicle would have
brought as a used car. In addition, she is asking for damages in the amount of $5,000.
Honest John’s attorney has told Beth that she will fight both claims and has advised
Beth that the court will not award $5,000 as punitive damages for such a suit. What do
you think?
A limited partner can never lose money.
Reversible errors are commonly made by supreme courts.
A limited liability company may hold property in its own name.
Credit laws and laws regarding checks, notes and drafts were developed to help
facilitate trade.