Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
About half of state statutes and the amended ULLCA have eliminated a member's
dissociation as a mandatory cause of dissolution of an LLC.
Anna employs Mark to purchase for her a suitable site for a roller rink. Mark owns a
huge site himself and sells it to Anna at fair market value without disclosing to her that
he is the owner of the land. Anna may not rescind the transaction, because Mark has not
breached his fiduciary duty to his principal.
Punitive damages are not always awarded as a deterrent in breach of contract cases.
Failure to comply with Section 1, but not Section 2, of the Sherman Act is a criminal
violation.
A check is made payable "to the order of Sam Johnson." If this check is indorsed by
Sam Johnson and given to Alex, Alex becomes the holder of the instrument.
Mel, who is age 17 but looks older than 18, makes a contract to buy a car from Maisie,
who is the age of majority. Maisie finds out Mel's age. Maisie may avoid the contract
even if Mel did not misrepresent his age.
Predictions, opinions, and promissory statements ordinarily do not constitute bases of
fraud.
Discuss the requirements and effect of ratification of an agent's acts.
A deed of trust is almost identical to a warranty deed.
A defendant will be liable for all harm that can be traced back to the defendant's
negligence.
