Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Obligations contingent upon the happening or nonhappening of an event not certain to
occur are known as conditional promises.
The courts have interpreted the Sherman Act as prohibiting all monopolies.
A depositary bank is any bank handling an item for payment.
To be a "holder," one must actually have the instrument in his possession.
Courts usually will require evidence for a transaction to be usurious. What facts will the
courts consider as evidence of usury?
Generally, the executive branch of government has the power to enforce the law.
A basic element of fraud is a false representation or a misrepresentation.
Even if it has been lawfully and properly declared, a stock dividend may be revoked
unless it has been actually distributed.
The Truth-in-Lending Act requires disclosure of the cost of credit as an annual
percentage rate, which may be calculated in one of three different ways.
An example of a bailment for the bailor's sole benefit is when Sherri, without
compensation, lends her Cappuccino maker to Ed for Ed's party.
