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The attorney general of the state of incorporation may bring a court action to dissolve a
corporation if the corporation obtained its charter through fraud.
The warranty of merchantability is found in Section 402A of the Restatement of the
Law of Torts.
The right of the buyer to recover from an insolvent seller the goods in which he has a
special property interest and for which he has paid, existed at common law before being
included in the Code.
Unless otherwise provided by statute, an assignment may be made orally.
Under the Clayton Act, private parties can bring civil actions in federal court for treble
damages and attorneys' fees.
Dryler Corporation sold unregistered securities that were required under the 1933 Act to
be registered. Howlett-Midland Corporation used an outdated prospectus in the sale of
its securities. Discuss the liability of the companies for these acts.
The operation of agency involves only two persons: a principal and an agent.
Why are delivery and acceptance both necessary for a valid gift? Explain.
Fire insurance policies are standardized in the United States, either by statute or by
order of the state insurance departments, so coverage cannot be enlarged to cover any
other perils.
