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A promoter is personally liable for a preincorporation contract until the corporation
assumes liability.
A guarantor can assert the principal debtors bankruptcy as a defense to avoid liability
on the obligation.
Independent regulatory agencies include the cabinet departments of the executive
branch.
All oral contracts are enforceable under the UCC.
The Americans with Disabilities Act of 1990 defines persons with disabilities as
persons with physical or mental impairments that 'substantially limit their everyday
activities.
Federal administrative agencies can regulate beyond the powers granted by enabling
legislation.
A contracts delivery term can affect a buyers recovery for goods damaged in transit.
Drugs can be marketed to the public before they are ensured to be safe and effective.
An agents authority to act on behalf of a principal must be actual and apparent.
An unauthorized search is not an invasion of privacy.
It is a violation of federal law to destroy or deface any labeling required on a pesticide
or herbicide.
Statutes of repose places outer times limit on product liability actions.
An offerees power of acceptance is terminated when the offeror dies unless the offer is
irrevocable.
Business ethics focuses on ethical behavior in the business world.
An inside director is a director who does not hold a management position in the
corporation.
A contract is substantially performed when performance creates substantially the same
benefits as those promised in the contract.
A seller generally has a duty to disclose any known defect that materially affects the
value of the property.
A lessee acquires whatever title the lessor has to the goods.
In early neutral case evaluation, a third partys evaluation of each partys strengths and
weaknesses forms the basis for negotiating a settlement.
An electronic record of a contract for a sale of goods can enforceable.
