Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Under the Statute of Frauds, all written contracts are enforceable.
Acting in good faith gives a business firm a better chance of defending its actions in
court.
The owner of real property has relatively exclusive rights to the airspace above the land.
For federal income tax purposes, one-member limited liability companies are
automatically taxed as sole proprietorships.
Any breach of contract discharges the breaching party.
Managers must apply different standards to themselves than they apply to their
employees.
Congress cannot impose any restrictions on exports except taxes.
An insurer has a duty to avoid the payment of claims.
Corporate governance can be defined as the relationship between a corporation and its
directors.
Generally, a tenant must pay agreed-to rent even if the tenant moves out as long as the
move is unjustifiable and the lease is in force.
An innocent party can enforce a fraudulent contract.
Steering and targeting occur when a lender manipulates a borrower into accepting a
loan product that benefits the lender but is not the best loan for the borrower.
A party to a licensing agreement generally agrees to pay royalties on some basis.
Under the UCC, an oral contract for a sale of goods is enforceable unless payment has
been made and accepted.
If there is a statute that prohibits a certain action, a contract to do it is unenforceable.
When the corporate privilege is abused for personal benefit, the courts will require the
owners to assume personal liability.
The Civil Rights Act of 1964 does not prohibit job discrimination at all stages of
employment.
