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A gratuitous assignment is revocable by the assignor.
The Truth-in-Lending Act has disclosure requirements for both consumer loans and
credit sales over $25,000.
Usually in cases where there is a known principal, the agent has liability for, and rights
under, contracts made on behalf of a principal.
Contract rights are generally assignable.
The Electronic Funds Transfer Act is administered by the Board of Governors of the
Federal Reserve System.
A breach of contract always discharges the injured party from performance under the
contract.
Partners may elect whether or not the partnership will be taxed as a separate entity.
The parol evidence rule does not prevent the use of evidence that a party would like to
use to establish the defense of fraud, duress, or undue influence.
Section 402A of the Restatement applies only if the defective product is unreasonably
dangerous.
Define and discuss the concept of materiality in relation to misrepresentation.
