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The writing requirement under the Statute of Frauds means that an agreement must be a
formal written contract.
International contracts rarely include arbitration clauses.
The principle of comity basically refers to legal reciprocity.
A warranty of good title means that a seller warrants that he or she has valid title to the
goods and that transfer of the title is rightful.
The most common exception to the employment-at-will doctrine is made on the basis
that the employers reason for firing the employee violates fundamental common sense.
If a franchisors decision to terminate a franchise is made in the normal course of
business and reasonable notice is given, it is less likely that the termination will be
considered wrongful.
A successful defense releases the defendant from partial or full liability for a tortious
act.
It is guaranteed that any judgment will be enforceable.
If a buyer breaches a contract while the seller is still in possession of the goods, the
seller can resell the goods and hold the buyer liable for any loss.
The element of justifiable reliance requires the misrepresentation to be the sole factor in
inducing the deceived party to enter into the contract.
In acontract,an exculpatory clause releases a party from liability in the event of
monetary or physical injury no matter who is at fault.
On a partners dissociation, the partners duty of loyalty ends.
If a corporation has S corporation status, it can avoid the imposition of income taxes at
the corporate level.
Negligence per se may occur if an individual violates a statute or an ordinance
providing for a criminal penalty and the violation causes another to be injured.
Whether a worker is an employee or an independent contractor has no effect on the
employers liability for the workers actions.
A principal whose identity is totally known by a third party with whom an agent
contracts on the principals behalf is an undisclosedprincipal.
