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A misdemeanor is a crime punishable only by a fine.
A person who holds all rights in property owns the property in fee simple.
Creditors are required to provide consumers with copies of records that can help the
consumer prove that an account or transaction is fraudulent.
A registration statement must state how a corporation plans to use the proceeds from the
sale of the securities.
A description of collateral as "all the debtor's assets" is too general to reasonably
identify the subject of a security agreement.
An offeror's subjective intent determines the effectiveness of an offer.
A contract can prevent the assignment of the right to receive funds.
The board of directors of each corporation involved must approve a merger.
To be valid, a security agreement must contain a description of the collateral.
The Civil Rights Act of 1964 does not prohibit job discrimination at all stages of
employment.
Vishing is phishing that involves voice communication.
A manufacturer's liability to an injured party on a strict product liability theory is
limited to a refund or a replacement of the defective product.
Buyers of goods sold door to door can cancel their contracts within three business days.
An administrative adjudicatory hearing does not have to meet the constitutional
standards of due process.
Disparate-impact discrimination occurs when an employer intentionally discriminates
against an employee who is a member of a protected class.
Disaffirmance is the legal avoidance of a contractual obligation.
A collective mark distinguishes products that are likely to be of interest to collectors.
A long arm statute permits a court to exercise jurisdiction over an out-of-state
defendant.
