The purpose of tort law is to punish criminal wrongdoers.
A defense available in an action based on a negligence theory is that the plaintiff failed
to prove one or more of the required elements.
A reasonable, lawful, and effective meaning will normally be given to all of a contract’s
terms.
A mini-trial is a private proceeding in which each party’s attorney argues the party’s
case before the other party.
The establishment clause of the U.S. Constitution prohibits the federal government
from promoting a religion.
An expression of opinion by a seller will not usually create a warranty.
The UETA applies to all writings and signatures.
A party seeking to recover in quasi contract must show that he or she acted without
reasonably expecting to be paid.
An accord and satisfaction requires that the amount of a debt be certain.
A person’s intent to return embezzled property is a defense to the crime of
embezzlement.
Under the mailbox rule, an acceptance takes effect at the time it is sent.
A person may not be liable for a defamatory statement if he or she enjoys a privilege.
Multi Investments, Inc., offers to buy Nano Toy Corporation. On May 1, Nano provides
copies of its financial statements for the previous year, showing an inventory of $10
million. On May 15, Nano discovers that the previous year’s inventory is overstated by
$5 million, but does not inform Multi. On June 1, Multi, relying on the financial
statements, buys Nano. On June 10, the buyer discovers the inventory overstatement.
Can Multi succeed in a suit against Nano for fraud?
Oral evidence of the modification of a contract after its making can be introduced at a
trial.
Directors have a right to participate in all board of directors’ meetings.
Chris promises Dina $40,000 if she graduates from Eagle College. Dina enrolls in
Eagle, attends full-time for four years, and graduates. When Dina asks Chris for
$40,000, Chris says, “I don”t remember promising you $40,000. But if there was a
promise, it’s not enforceable, because we didn’t bargain for it. And even if there was a
promise that would otherwise be enforceable, I revoke it now.” Can Dina enforce
Chris’s “promise”? Why or why not?