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Banks may NOT assign their loan contracts to other firms.
Bribery of foreign government officials is both an ethical and a legal issue.
Under the doctrine of respondeat superior, an agent is liable for the principal's
negligence.
Generally, an employer's monitoring of electronic communications in the workplace
does not violate employees' privacy rights.
If an apartment building burns down, most states' laws require the tenants to continue to
pay rent.
In contract law, ratification is the act of accepting and giving legal force to an obligation
that was previously not enforceable.
Stocks are an example of property that is governed by the UCC Article 2.
A-One Landscapers, Inc., owes Friendly Finance Company $5,000. A-One enters into a
contract with Suburban Office Park under which A-One promises to maintain the
landscaping on Suburban's property. Under the contract, Suburban promises to pay
Friendly Finance the amount that will be due A-One until A-One's debt to Friendly
Finance is paid. A-One performs as promised, but Suburban does not pay Friendly
Finance. Can Friendly Finance succeed in a suit against Suburban? Why or why not?
A federal administrative agency's final rule is published in the United States Code.
The "first-in-time" rule means that an unperfected security interest takes priority over a
perfected security interest if the unperfected security interest was attached first.
A quasi contract is not a true contract.
Contracts formed between parties that lack contractual capacity are usually
unenforceable.
An instrument payable "with interest" must specify a particular rate to be negotiable.
A release is an agreement in which one party gives up the right to pursue a legal claim
against another party.
A group boycott is NOT a per se violation.
The seller's or lessor's major obligation under a sales contract is to tender conforming
goods to the buyer or lessee.
Authority declared in clear, direct, definite terms is express authority.
In most cases, only a corporation's common stockholders need to approve a merger.
Defense of others is a defense to an allegation of both battery and assault.
