Most states do not enforce agreements to arbitrate disputes between priÂvate parties.
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A joint effort by businesspersons to obtain legislative action can be exempt from the
antitrust laws.
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When a debtor has no assets, creditors are notified of the debtor’s petition for
bankruptcy but are instructed not to file a claim.
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Courts are not obligated to follow precedents.
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A sole proprietor is free to make any decision he or she wishes concerning the business.
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