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When a statute protects a certain class of people, a member of that class cannot enforce
an illegal contract.
The term cure refers to the right of the buyer to reject, adjust, or replace nonconforming
goods.
In general, a buyer's duty to pay for tendered goods becomes absolute before the buyer
has had an opportunity to inspect the goods.
A surety is secondarily liable on an obligation.
Gambling debts will be enforced even if their enforcement violates a statute.
An insurance application is part of the insurance contract.
Business ethics is a special kind of ethics, which is separate from traditional ethics
philosophy that focuses on what constitutes right and wrong behavior.
Currently, it is not clear which, if any, laws apply to the security of e-money payment
information.
Under the UETA, a contract is unenforceable if it is solely in electronic form.
A legacy is a gift of personal property by will.
The TRIPS agreement covers computer programs.
The person who receives the proceeds under an insurance policy is called a beneficiary.
A corporate debtor must have gone out of business before it can obtain a discharge in
bankruptcy under Chapter 13.
Those who lease or arrange to lease consumer goods in the ordinary course of their
business are subject to the Truth-in-Lending Act.
A firm offer by a merchant may be oral.
