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For most purposes, the law recognizes a partnership as an aggregate of its members.
Generally, stock offerings that are made in a limited manner during any twelve-month
period are not exempt from the registration requirement.
Congress determines the jurisdiction of the federal courts.
A court's review of an arbitrator's award may be restricted.
To execute a valid will, a testator must remember the "natural objects of his or her
bounty."
An illusory promise is a promise that is enforceable without consideration.
Reliance on a misrepresentation is not justified if it is based on an obviously
extravagant statement.
A principal is not liable to a third party for any contract made by the agent acting
outside the scope of his or her authority.
Each state permits a debtor to retain the family home, in its entirety or in part, free from
the claims of certain creditors.
A creditors' composition agreement is usually held to be unenforceable.
Land includes the artificial structures attached to it.
A partner's fiduciary duties may be waived or eliminated in the partnership agreement.
A sole proprietorship is a separate legal entity for tax purposes.
The jurisdiction of a state court of appeal is substantially limited to hearing appeals.
Specific performance is the remedy customarily used when one party has breached a
contract for personal services.
