A corporation is not allowed to issue dividends to shareholders unless it is solvent.
Explain the difference between an ISP and a Web host, and discuss whether they are
treated alike under the Communications Decency Act (CDA).
All oral contracts are quasi-contracts until they are completely executed.
An agent must obey all instructions of the principal.
A purchaser may acquire better title than the seller had.
Jody loaned her neighbor, Phil, her snow blower. Phil set it near his driveway, and later
accidentally ran over and destroyed it. In a suit to recover damages, Jody as plaintiff has
the burden of proving that Phil was negligent and caused the destruction of her snow
blower.
A control security is stock which gives the owner a controlling interest in the company.
The difference between an inter vivos gift and a gift causa mortis is that the inter vivos
gift is made during the donor’s lifetime and a gift causa mortis is a gift is made after the
donor’s lifetime by the donor’s estate.
Frank’s Furniture Company promised in a written agreement to purchase as much
walnut wood “as it desires” from Forestry Products, Inc. If Frank’s purchased walnut
wood from another source and Forestry Products sued, what is the likely result?
Landlords have the right, and may have a duty, to evict tenants who seriously disturb
others.
What is a limited liability company? Explain the advantages and disadvantages of this
type of business ownership?
A seller may not make repairs or adjustments after the goods have been tendered, even
if that action will bring the goods into conformity in order to “cure” nonconforming
goods.
Discuss the purpose of and problems with the Kyoto Protocol from the perspective of
the United States.
The federal government has preempted the field of online privacy, so states may not
pass their own online privacy statutes.
Under the laws of most states, a corporation cannot be held responsible for committing
crimes.
A buyer has an absolute right to reject goods as long as the rejection is timely.
Betsy’s elderly father gave her written authority her to sell the family house. Her father
lived in Arizona and she lived in Minnesota. After about two months she found a buyer
for the house and signed an acceptance of the offer on March 21. Later that same day
she learned her father had died the day before (March 20). Other members of the family
did not want the family house sold and claimed that the acceptance Betsy signed was
void. The buyer of the house claims Betsy had the legal authority to sell the house and
that the contract is binding. Who is right?
A prospective juror was excused from serving after being questioned by the plaintiff’s
attorney. No reason was given for the rejection. This would be accomplished by the use
of a peremptory challenge.