The Securities Enforcement Remedies and Penny Stock Reform Act of 1990 granted
the SEC the power to issue cease and desist orders.
All employees are agents, but not all agents are employees.
A possessor of land must warn licensees of dangerous conditions of which the possessor
has knowledge and the licensees do not and are not likely to discover.
Third party rights in contracts can arise by assignment of rights, delegation of duties, or
in third party beneficiary contracts.
A general partner, but not a limited partner, is liable to pay to the limited partnership the
cash value of an unpaid capital contribution described in a signed writing.
An indorsement may be simple or complex.
Under the UPA, neither a partner who causes dissolution by wrongfully withdrawing
nor a partner expelled pursuant to the partnership agreement can force liquidation of the
partnership.
Kelly has just been appointed the manager of a company that has begun the direct
export of its product. What precautions should he take to assure that the company
would in fact be paid for its products when the company has never dealt with the buyers
before and is new to the international legal environment?
The court in Skebba v. Kasch stated that a court, in fashioning a remedy, can consider
any equitable or legal remedy which will prevent injustice.