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When a limited liability company is dissolved, any member who did not wrongfully
dissociate may participate in the winding up process.
A limited liability company can sue or be sued, enter into contracts, and hold title to
property.
Protection against discrimination under the Civil Rights Act of 1964 does not extend to
situations in which individuals are harassed by members of the same gender.
Stealing software is not a crime.
Under the UCC, the meaning of any agreement must be interpreted in light of
commercial practices.
In cyberspace, thieves are as subject to physical limits as they are in the "real world.
A state law that conflicts with the U.S. Constitution will be deemed unconstitutional.
Creditors are required to provide consumers with copies of records that can help the
consumer prove that an account or transaction is fraudulent.
An implied warranty or merchantability, an implied warranty of fitness for a particular
purpose, and an express warranty can exist in a single transaction.
The Securities and Exchange Commission rarely issues interpretive releases to explain
how securities laws apply in the online environment.
Business ethics is consistent only with short-run profit maximization.
A reorganization plain is a plan to conserve and administer the debtors assets in the
hope that all of the creditors will eventually be paid in full.
A security interest is enforceable only if the collateral is not in the debtors possession.
A manufacturers liability to an injured party on a strict product liability theory can be
almost unlimited.
Federal law does not prohibit employers from engaging in gender-based wage
discrimination.
An unconscionable contract is one that is so unfair and one sided that it would be
unreasonable to enforce it.
Confiscation occurs when a government seizes private property for an illegal purpose
and without just compensation.
A unilateral mistake occurs when only one contracting party is mistaken about a
material fact.
Whatever a secured party obtains on a sale of collateral is all that he or she can collect
on the debt.
