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Nonfraudulent representation is made without scienter.
The State of Minnesota has been negotiating with the Canadian government on issues
involving acid rain and eventually reaches an agreement with Canadian officials. This is
a valid treaty under the United States Constitution.
Sunset Properties, Inc. hires William to manage its 82-unit apartment complex. Nothing
is said as to expenses. William purchases fuel to heat the apartments and arranges for a
repairperson to do ordinary maintenance. William will be personally liable for these
expenses, because he has no authority to incur them.
Adjudication of drawer's incompetence will not affect the bank's ability to act with
respect to the drawer until the bank knows and has a reasonable opportunity to act on
this knowledge.
In a 2007 case, the U.S. Supreme Court found that public school systems must use
measures that take explicit account of the students' race when trying to achieve or
maintain integration.
To avoid a contract, an intoxicated person must have been so intoxicated as to be unable
to understand the consequences of his actions or unable to act in a reasonable manner.
Although the name of Article 3 has been changed from 'Commercial Paper' to
'Negotiable Instruments,' the 1990 Revision of the Code maintains the basic scope and
content of prior Article 3.
Smith's of Dallas agreed to buy $10,000 worth of dresses F.O.B. Dallas from
Magnifique Manufacturing Co. in New York for their October 1 Fall Showing. The cost
of shipping the dresses is $300. In New York, Magnifique dresses were the rage, but the
boom had not yet reached Dallas. By September 15, Smith's realized that the shop could
not afford all of these dresses and called Magnifique to cancel the contract before the
goods were shipped. On September 15, the market price for the dresses in New York
was $9,000 and in Dallas, $5,000. On October 1, the market price had risen to $9,500 in
New York and to $7,000 in Dallas. What may Magnifique do? What damages may be
sought from Smith's?
Clara, a customer of Community Bank, deposits in Community Bank a check for
collection without properly indorsing it. Community Bank becomes a holder when it
accepts the check for deposit if Clara is a holder.
