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Relativism is one of the principles of Kantian ethics that states that the actor must abide
by the rule he or she uses to judge the morality of someone else's conduct.
A corporation can be incorporated in several states.
In a net, net, net lease arrangement, the tenant is responsible for paying only rent,
property taxes, and utilities.
Public companies are exempt from the requirement of corporations to have audit
committees.
The Securities Act of 1933 is a federal statute that primarily regulates the issue of
securities by companies and other businesses.
There is no cap on the recovery of compensatory or punitive damages under Section
1981 of the Civil Rights Act of 1866.
The duty of care for managers and members includes the duty not to usurp the LLC's
(limited liability company's) opportunities.
In a recognizance, a party acknowledges in court that he or she will pay a specified sum
of money if a certain event occurs.
A person who breaches a promise to marry can be held liable for punitive damages
under the law.
A contractor cannot recover the profits he or she would have made on the contract if the
owner breaches the construction contract before construction begins.
A life tenant is treated as the owner of the property even after the duration of the life
estate.
Jessica files a frivolous lawsuit against Thomas, claiming emotional distress because he
plucked flowers from her garden without her permission. The judge exonerates Thomas
who can now sue Jessica for malicious prosecution.
