In order to be sufficient, an agreement required to be written under the statute of frauds
must be signed at the bottom and notarized.
Scienter is the element of fraud that requires that the misrepresentation must have been
known by the one making it to be false, although it need not have been made with an
intent to deceive.
Quiang’s mortgage contract contains a provision that default on an installment makes
the entire unpaid balance of the debt immediately due, permitting foreclosure. Such a
provision is illegal and cannot be enforced.
The Commerce Clause allows the federal government to invalidate state laws that
burden interstate commerce.
A typical automobile financing agreement would be a closed-end credit agreement.
Effective in 2000, a plain English term sheet is required in all tender offers and mergers.
Dissolution occurs upon the happening of an event specified in the partnership
agreement as resulting in dissolution. However, the partners may agree to continue the
business.