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Both drafts and promissory notes may have the quality of negotiability.
An after-acquired property clause in a consumer security agreement can cover only
goods acquired by the debtor within thirty (30) days after the creditor gave value to the
debtor.
An agency coupled with an interest is an exception to the general rule regarding
termination of the agency and the agent cannot be discharged or fired before the
expiration of the interest.
Unclaimed property is often transferred to the government under the concept of escheat.
In a liquidation proceeding, the debtor's nonexempt assets are collected by the trustee
representing the creditors.
When it is claimed that a contract is too indefinite to be enforced, a court will do its best
to find the intent of the parties and thereby reach the conclusion that the contract is not
too indefinite.
The Commerce Clause prohibits state governments from taxing Internet transactions.
Economic espionage is against the law.
When negotiable documents of title to goods are sold, the risk of loss and the title to the
goods pass to the buyer when the documents are delivered to the buyer.
A contract can only involve two parties.
The elements of defamation remain the same in cyberspace
Personal property that has become a fixture is still classified as personal property.
An employer is clearly liable for any intentional, unprovoked assault committed by an
employee on a third person.
A surety may raise the defense of lack of capacity of parties, absence of consideration,
fraud, or mistake.
Damages in excess of actual loss, imposed for the purpose of punishing or making an
example of the defendant, are known as compensatory damages.
