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In a large corporation, the shareholders are often the managers of the corporation.
A waiver of a breach may be either express or implied.
A warehouse receipt is not considered a document of title.
A provision in a contract that gives what the court believes is too much of an advantage
over a buyer may be held void as unconscionable.
An assignment, if otherwise valid, takes effect the moment it is made.
An unlicensed insurance broker who cannot personally recover a fee because of the
absence of a license can effectively circumvent the statutory requirements by having a
friend who is a licensed broker bill for the services and collect the payment for him.
