An altered instrument can be enforced according to its original terms.
No writing is required for a contract by which a broker agrees with a customer to buy or
sell securities for the customer.
The death of a majority shareholder terminates a corporate enterprise.
Assault is the intentional, wrongful touching of another person without that person€s
consent.
You are asked to provide two friends who are in business together with advice
regarding what they need to do to legally in order to form a limited liability company.
Although your friends like the general notion of limited liability in the operation of
their business, they are totally unfamiliar with the legal processes for forming a LLC, so
you need to provide them with the basic requirements for LLC creation. What specific
advice would you give them?
A ‘suggested retail price” is not a violation of the antitrust laws.
Some courts allow sellers to recover the profits they would have made if the buyer had
completed the transaction.
Tom Creighton hired Destroy, Inc., a demolition company, to level an old building on a
busy downtown lot. Destroy, Inc. was given full rein to decide on the amount of
explosives needed and the placement of the charges. Security for the site on the day of
the explosion was contracted out to a private security firm. When the appointed day
arrived, the building was brought down. However, the building fell in a slightly
different direction than that anticipated by Destroy, Inc. Numerous pieces of adjoining
property, both real and personal, were severely damaged. Creighton claims that the use
of an independent contractor such as Destroy, Inc. has insulated him from liability. How
do you respond to Creighton’s claim?