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The UCC does not specify the form that the assurance of performance is to take.
Unclaimed property is often transferred to the government under the concept of escheat.
Upon the debtor's default, the creditor may sell the collateral at a public or private sale,
or lease it to a third party.
In a composition of creditors, the various creditors of a single debtor mutually agree to
accept a fractional part of their claims in full satisfaction of the claims.
Generally, an assignment may be in any form.
If an agent makes a properly authorized contract with a third person on behalf of a
disclosed principal, the agent has no personal liability on the contract.
Product disparagement is a form of defamation.
A tenancy by sufferance describes a tenancy that can be terminated at any time upon
proper notice.
Personal property is lost when an owner does not know where it is located but intends
to retain title or ownership to it.
When a contract to sell identified goods does not specify a place of delivery, but both
parties know that the goods are in a place other than the seller's place of business, that
other place is the place of delivery.
The use of import quotas represents the most common form of tariff barrier.
Bankruptcy law does not regulate the manner in which the assets of the debtor are
distributed; instead, distribution of the debtor's assets is solely within the discretion of
the trustee.
The "necessaries" of minors are precisely defined by law.
Even if part of a contract is illegal, the court may enforce a divisible, legal part of the
contract.
A fixture is personal property that has been attached to the earth or placed in a building
in such a way or under such circumstances that it has become part of the real property.
One of the main goals of the Organization of Petroleum Exporting Countries (OPEC)
was to reduce taxes from crude oil production.
A lessor can always refuse to renew the lease of a tenant who reports the landlord to the
fire department for violation of fire safety laws.
An unlicensed doctor can sue a patient for the doctor's fee if the patient in fact
recovered because of the doctor's care.
