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What activities give rise to strict liability and what defenses are available to strict
liability?
In some states, a contract under seal is binding without consideration.
The essential characteristic of ethical fundamentalism is a reliance upon a central
repository of wisdom.
False statements in a limited partnership's certificate or amendment that cause loss to
third parties who rely on the statement may result in liability for the general partners.
For an accountant to be civilly liable under Rule 10b-5, the accountant must have acted
with scienter.
A carpenter ordered 500 sheets of 1/2-inch plywood from her supplier, but received 498
sheets of 1/4-inch plywood. If she rejects these goods, she has no further obligation to
her supplier regarding these nonconforming goods.
The primary function of the law is to maintain stability in the social, political, and
economic system while simultaneously permitting change.
