Ethical standards based on religious teachings tend to be absolute.
Currently, it is not clear which, if any, laws apply to the security of e-money payment
information.
Misrepresentation of a material fact cannot occur through conduct alone.
Unless otherwise agreed, the result of an online dispute resolution proceeding may not
be appealed to a court.
One of the requirements of a valid contract is its acceptance.
For purposes of establishing negligence, causation in fact exists if an injury would have
occurred even without the defendants act.
An adult may avoid any contract with a minor.
Contract law shows what excuses our society accepts for breaking certain types of
promises.
A borrower has a right to rescind a mortgage within three business days.
Ed, a businessperson, is a friend of Fran, the owner of a candy store. Every day, Ed
spends five minutes in Frans candy store, looking at the candy and usually buying one
or two candy bars. One afternoon, Ed goes into the store, looks at the candy, and picks
up a $1 candy bar. Ed waves the candy at Fran without saying a word and walks out. Is
there a contract? If so, how would it be classified in terms of formation, performance,
and enforceability?
All rights can be assigned.
An agency relationship can be formed without consideration.
Willful violations of the Sarbanes-Oxley Act of 2002 may be subject to criminal
prosecution.
A professional can be liable for fraud whether or not he or she acted with fraudulent
intent.
A board of directors can delegate some functions to corporate officers.
Federal mortgage disclosure requirements apply to the written materials that a lender
provides and to any oral representations.