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Manis owns 100 shares of stock of the Linquist Corporation. She sells her stock to
Sosnik and delivers to him: (1) her stock certificate for 100 shares and (2) a written,
signed assignment of the 100 shares to Sosnik. The assignment form printed on the
back of the share certificate is left blank and is not signed. Sosnik refuses to take the
certificate and the assignment on the ground that Manis must fill in and sign the
assignment form on the stock certificate to make the transfer of stock effective. Is he
correct?
A check that is postdated ceases to be order paper.
Smarts and Then Some, Inc. developed a software program after several years of
research and development. The particular software program was then test-marketed, at
which point a competitor filed suit claiming that the Smarts and Then Some program
violated the competitor's copyright on a program they too were test-marketing. What is
the test to determine whether a copyright has been violated?
In a residential lease, it is commonly held that there is an implied warranty of
habitability.
If an instrument states no time for payment, the note is payable on demand.
Even after there is an effective ratification, the original action of an agent still is treated
as unauthorized.
The obligation of all parties to perform in good faith is the same because everyone is
required to be honest.
