Unless a contract provides otherwise, it is assumed to be a destination contract.
Under their police powers, states can regulate private activities to protect or promote
the public order, health, safety, morals, and general welfare.
A person who commits larceny can be sued under tort law.
A contract will be discharged if foreseeable circumstances make it impossible to attain
the contract’s purpose.
A price list is an offer.
The injury suffered by a nonbreaching party due to the breach of a contract may be
remedied by payment of compensatory damages.
In cyberspace, thieves are as subject to physical limits as they are in the “real” world.
Under no circumstances can a non-partner be regarded as an agent whose acts are
binding on the partnership.
Some risks are obvious but, with respect to the duty of care required to establish
negligence, a warning is always necessary.
Shareholders’ meetings need not occur at any certain interval.
Criminal law focuses on duties that exist between persons.
An integrated contract is a contract with more than one subject or part.
Compensatory damages compensate the nonbreaching party for injuries or damages
sustained by that party.
Ethical codes of conduct can set the ethical tone of a firm.
An offer to form a unilateral contract is accepted by a promise to perform.
Shareholders are the ultimate authority in every corporation.
Most state trial court decisions are not published.
A party to an agency may have the right to terminate the relationship but not the power.
An offeror must have a serious intention to become bound by the offer.
A principal whose identity is known by a third party with whom an agent contracts on
the principal’s behalf is a disclosed principal.