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Corporate governance can be defined as the relationship between a corporation and its
directors.
A customer who writes a bad check may be subject to criminal prosecution.
Under Title VII of the Civil Rights Act of 1964, most private firms are required to
implement affirmative action policies.
A condition that must be fulfilled before a party's performance can be required is a
subsequent condition.
A trademark can be diluted by the use of a similar mark.
It is estimated that over 70 percent of the goods imported to the United States are
counterfeit.
A unilateral contract is formed when the party receiving the offer completes the
requested act or performance.
A mistake in value will rarely enable a party to a contract to avoid the contract.
A franchisee can operate as an independent businessperson but still obtain the
advantages of a national organization.
Express powers of a corporation can be found in the articles of incorporation.
The Children's Internet Protection Act requires public schools and libraries to use
filtering software to block children's access to adult contact on Web sites.
An expression of opinion"this is perfect!"is an effective offer as long as it is not made
in jest.
A gift to a dying donee is a gift causa mortis.
Under the UCC, good faith means honesty in fact and the observance of reasonable
commercial standards of fair dealing in the trade.
The President appoints federal judges with the advice and consent of the Senate.
A director is a fiduciary of a corporation.
