LAW 541

subject Type Homework Help
subject Pages 2
subject Words 170
subject Authors David P. Twomey, Marianne M. Jennings

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A seller's insurable interest in goods always terminates with the passage of the title to
the buyer.
A special agent is authorized by the principal to transact all affairs in connection with a
particular type of business or trade or to transact all business at a certain place.
A state may prohibit a seller from selling below cost if the purpose is to harm
competitors.
Certain persons cannot make contracts that will bind them.
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An option is itself a contract to refrain from revoking an offer.
A partnership may occur even though the parties did not label their relationship a
partnership.
Manufacturers who prepare goods to the buyer's specifications are under exceptionally
stringent warranty obligations for fitness for a particular use.

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