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A consumer who receives unsolicited merchandise must return it within three business
days.
In a limited liability limited partnership, the liability of a general partner is limited to
the amount of capital he or she has invested in the partnership.
A bank that encodes information on an item after the item has been issued warrants to
any subsequent bank that the encoded information is correct.
A manufacturers license to a dealer to sell a product is a chain-style business operation.
An agent has a duty to keep and make available to the principal an account of all
property and funds received and paid out on behalf of the principal.
If no children or grandchildren survive a decedent who dies without a will, a surviving
spouse succeeds to the entire estate.
The purpose of the exclusionary rule is to encourage criminals to provide exclusive
evidence of their crimes.
Rescission advances the contracting parties to the position they would have been in if
the contract had been fully executed.
A horizontal restraint of trade results from an agreement between firms at different
levels in the manufacturing and distribution process.
Federal law bars electronic payments, such as credit-card transactions, at online
gambling sites.
Theft of confidential data by industrial espionage is a theft of trade secrets.
A bank that pays a customers check bearing a forged indorsement is not obligated to
recredit the customers account.
Officers hire the directors and other executive employees.
Terms in a shrink-wrap agreement have been enforced in the same way as the terms of
other contracts.
A decision on a given issue by a court is not binding on an inferior court.
For federal income tax purposes, one-member limited liability companies are
automatically taxed as sole proprietorships.
Setting realistic workplace goals can reduce the probability that employees will act
unethically.
Reliance on an "experts statement of opinion may be the basis for an action based on
fraud.
At every stage of a trial, either party can file a motion to dismiss the case.
