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All states require that members of certain professions to have licenses.
A writ of execution is a writ that puts in force a court decree or judgment.
When a buyer breaches a contract, the risk of loss immediately shifts to the buyer.
Divestiture of a business interest is a possible penalty under RICO.
On the entry of an order for relief in a Chapter 11 case, the creditors generally take over
the operation of the debtor's business.
When a corporation is dissolved voluntarily, the corporation must file articles of
dissolution with the state.
A forum-selection clause indicates the forum, or location, for the delivery of goods
purchased online.
Dumping is the exporting of environmentally polluting goods to a foreign market.
A continuation statement is effective only if it is filed within six months before the
expiration of a financing statement.
Federal law permits a partnership to be treated as an entity in suits in federal courts.
A homestead exemption allows a debtor to subtract the value of the family home from
the amount of a debt.
Federal courts are superior to state courts.
Whistleblower statutes protect employees from retaliatory discharge.
A penalty provision specifies a certain amount to be paid in the event of a default or
breach of contract.
The Internet is changing the notion of the size and limits of a relevant geographic
market.
Browse-wrap terms require a user to affirmatively indicate his or her consent.
If, during the performance of a contract, extraordinary difficulties arise that were totally
unforeseen at the time the contract was formed, a court may allow an exception to the
preexisting duty rule.
An assumption of risk defense does not require that a risk be voluntarily assumed.
