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The President determines the jurisdiction of the federal courts.
Diversity of citizenship cases are only those arising between a foreign country and
citizens of a state.
The Consumer Product Safety Commission prohibits manufacturers from marketing
products that are not marked with its 'seal of approval."
A person whose name is forged on an instrument is liable to pay only a holder in due
course the value of the forged instrument.
A will is required to be in writing only if real property is being transferred.
Administrative law includes only state regulations.
The purpose of the exclusionary rule is to deter police from misconduct.
Most bailments are created by agreement, but not necessarily by contract.
A lease is a contract by which the owner grants someone else an exclusive right to use
and possess the land, usually for a specified period of time in return for some sort of
payment.
An agency can make rules that are as legally binding as laws passed by Congress.
Corporate officers can usually be removed by the board of directors without cause.
Under the principle of comity, all foreign governments are subject to all U.S. laws.
Under the UCC, there are no exceptions to the perfect tender rule.
In a principal-agent relationship, the parties agree that the principal will act on behalf
and instead of the agent in negotiating and transacting business with third persons.
A trustee is a person for whose benefit a trust is held.
Under the UCC, prompt shipment of goods is considered an acceptance of an offer to
buy the goods.
A state constitution may resolve a conflict among documents involving a corporation.
Goods must be of the highest quality possible to be merchantable.
An offer may invite an acceptance to be worded in such specific terms that the contract
is made definite.
If, before the time for performance, a buyer communicates an intent not to perform, the
seller can consider the buyer in breach and pursue a remedy.
