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A contract is sometimes voidable if one party is aware that the other party made a
mistake of fact.
Patent infringement is a tort.
Federal law does not prohibit employers from classifying jobs as male or female.
In most courts, auditors cannot be held liable to third parties for negligence in the
performance of their duties.
Warranties of title do not arise in most sales contracts.
Tender is a timely offer or expression of willingness to pay a debt or perform an
obligation.
Owen plans to open Owen's Pets Store, a pet sales and pet supplies outlet, and to hire
Quimby and Ruth. Owen will invest only his own money. He does not expect to make
any profit for at least two years and to make almost no profit for the first three years,
but he hopes to expand eventually. Which form of business organization would be most
appropriate? What are the chief characteristics, advantages, and disadvantages of this
form of business organization? If Owen wants to obtain additional capital to expand the
business, but does not want to lose control of the firm, what is his best option?
To rescind a contract, the parties must make a second agreement that satisfies the legal
requirements for a contract.
A determination of whether consideration exists depends on a comparison of the values
of the things exchanged.
Criminal acts are prohibited only by federal government statutes.
A foreign corporation normally does not need a certificate of authority to sell goods or
services via the Internet or by mail.
Under the UETA, a typed name at the end of an email message is not considered an
e-signature.
"Forward-looking" financial forecasts are prohibited under SEC Rule 10b-5.
It is illegal for two parties to mutually agree to rescind a valid contract.
A bailee must exercise reasonable care in preserving the bailed property.
Working papers are the documents through which a court orders an accountant to audit
a public company.
All adhesion contracts are unconscionable.
