Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
The primary measure of monopoly power is a competitor's assessment of the acts of a
firm under review.
If the corporate directors fail to sue in the corporate name to redress a wrong suffered
by the corporation, then the shareholders can do nothing.
Even after a tenant sublets leased premises, the tenant may be obligated to pay rent.
If a business firm refuses to comply with an agency's request to inspect facilities or
business records, the agency must defer to the refusal.
A key employee is defined as an employee whose pay falls within the top 10 percent of
the firm's workforce.
The Environmental Protection Agency can regulate a toxic substance that poses an
imminent hazard but cannot prohibit its use altogether.
All employers must provide their employees with up to twelve months of family or
medical leave.
Cases involving diversity of citizenship arise only between citizens of different states.
The injury suffered by a nonbreaching party due to the breach of a contract may be
remedied by payment of compensatory damages.
Adhering strictly to all business laws is all that is necessary to fulfill all business ethics
obligations.
An express trust is created or declared in explicit terms.
Universal defenses are good against all holders except HDCs and holders through
HDCs.
Parol evidence includes testimony about communications between the parties that are
not contained in the contract itself.
A party seeking court review of an administrative action must first exhaust all of his or
her administrative remedies before seeking court review.
A party cannot recover damages for severe emotional distress absent a showing of
physical injury.
