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Burglary is defined as "the breaking and entering of a dwelling at night" and cannot
occur during the daytime or at a commercial building.
Under the UCC, a negotiable instrument may provide that it is payable in foreign
money.
Under the Uniform Computer Information Transactions Act, a licensor never has a right
to cure a breach of a license.
Once the United States became industrialized in the late 1800s, large corporate
employers had much more bargaining power than their employees.
The 2005 Act has made it more difficult for a debtor to qualify for Chapter 7
bankruptcy, primarily due to a new requirement that the debtor must satisfy a "means
test."
Entrepreneurs can either start a business by themselves, or they can pool their resources
with others in order to start a business.
An offer is considered to be communicated to anyone who learns of its terms,
regardless of how that person learns of its terms.
There are 13 federal judicial circuits.
If a firm unilaterally chooses not to deal with another firm, they are not in violation of
the law.
A registration statement must be accompanied by financial statements certified by
public accountants.
Where an apparent agency is established, the principal is estopped from denying the
agency relationship and is bound to contracts entered into by the apparent agent while
acting within the scope of the apparent agency.
The "right of first refusal" is an agreement entered into by shareholders where they
grant each other the right of first refusal to purchase shares they are going to sell.
In a larceny, the taking is the actus reus.
Fixtures are items, once real property, that have been removed to become personal
property.
Rule 10b-5 is not restricted to purchases and sales of securities of reporting companies.
Under the 'small offering" exemption of the Securities Act of 1933, securities can be
sold to an unlimited number of accredited and unaccredited investors.
Limited partnerships are used for such business ventures as investing in real estate,
drilling oil and gas wells, and investing in movie productions.
A promise that contains a condition that must be met before the promise is binding is
known as a covenant.
A subscription contract is any contract whereby an investor invests money or other
consideration in a common enterprise and expects to make a profit from the significant
efforts of others.
Signing another person's signature without intent to defraud is defined as involuntary
forgery, and is punishable as a misdemeanor in most states.
A corporation can be involuntarily dissolved by a judicial proceeding.
The government may seek civil damages for violations of antitrust laws.
According to the Williams Act, the tender offer cannot be closed before twenty (20)
business days after the commencement of the tender offer.
Most countries of the world are members of the United Nations.
In 1965, the Pregnancy Discrimination Act was enacted as an amendment to Title VII of
the Civil Rights Act of 1964.
Intentional infliction of emotional distress requires that the conduct be outrageous.
After the defendant's attorney has finished calling witnesses, the plaintiff's attorney can
call witnesses and put forth evidence to refute the defendant's case. This is called a
rebuttal.
The founders of the United States thought that the plight of debtors was so important
that they included a provision in the U.S. Constitution giving states the authority to
establish local bankruptcy laws.
A counteroffer by the offeree simultaneously terminates the offeror's offer and creates a
new offer.
Most software programs and digital applications are licensed by the owner of the
program or application to a user of a computer or digital device.
Commercial impracticability excuses performance if an unforeseeable event makes it
impractical for the promisor to perform.
Intangible property includes physically defined property, such as goods, animals, and
minerals.
A parent corporation is not liable for contracts or torts committed by a foreign
subsidiary, other than its capital contribution to the subsidiary.
Compensatory damages for a breach of a sales contract involving goods are governed
by the common law of contracts.
