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Under the UCC, a sale is the passing of title from a seller to a buyer for a price payable
in cash only.
To be enforceable, a memorandum evidencing an oral contract that would otherwise be
unenforceable must include the essential terms.
In certain instances of fraud, a court may "pierce the corporate veil to hold the
shareholders individually liable.
Like a corporation, a limited liability company is required to hold an annual meeting.
An agreement to pay a debt discharged in bankruptcy is called a workout.
An environmental impact statement is required for every major federal action that
significantly affects the quality of the environment.
Parents are always liable for the contracts made by their minor children.
A contract that by its own terms cannot be performed within a year must be in writing
to be enforceable.
Express warranties can be found in a sellers brochure
Performance can be accomplished by tender.
When a merger takes place, the surviving corporation issues shares or pays fair
consideration to the shareholders of the corporation that ceases to exist.
If a promise is made, it will be enforced.
An implied contract is implied from the words of the parties.
An insured who has policies with several companies covering the same insurable
interest has multiple insurance coverage.
Identity theft occurs when a wrongdoer steals anothers form of identification.
A check is a formal contract.
Agency relationships do not exist between employers and employees.
"Forward-looking financial forecasts are protected against liability for securities fraud.
When the harassment of co-workers creates a hostile working environment, an
employee may have a cause of action against the employer.
Administrative agencies can conduct warrantless searches in some situations.
