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Dissociation refers to those situations in which the RUPA requires a partnership to wind
up and terminate.
A valid contract is one that meets all of the requirements of a binding contract.
In a sale of goods, the seller's tender of performance does not have to conform to the
Code's perfect tender rule.
Assume the U.S. and Holland are GATT signatories. Under the "most-favored nation"
provision, the U.S. tariff on Dutch imported tobacco must be at least as low as that
charged on tobacco from any other nation.
The transfer of personal property involves formalities not required in the transfer of real
property.
A misrepresentation or material omission that is likely to mislead a consumer to the
consumer's detriment is grounds for a claim of deception under FTC rules.
An accommodation maker is not liable on a note since he only agreed to sign as a favor
to the maker.
The Elm Street Accounting Partnership has ordered two maroon office chairs for its
waiting room from the Quality Office Supply Company. Quality sends two
burgundy-red office chairs that the Elm Street partnership rejects. What, if any, rights
does Quality have under the circumstances? Explain.
Russ would violate the Federal Trademark Act by passing off his product as Kristy's,
but not by passing off Kristy's product as his (reverse passing off).
American courts generally will enforce a gambling agreement.
