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A check is a draft payable on demand.
Jessica at the age of 15 entered into a contract to sell five acres of land to her uncle. She
may disaffirm this contract at any time before reaching her majority.
Under the Revised Act, a corporation can act as an incorporator of another corporation.
Private tort actions have been quite successful in controlling environmental damage.
The CISG governs only the formation of the contract of sales and the rights and
obligations of the seller and buyer. It does not cover the validity of the contract or any
of its provisions.
The state of incorporation, each state in which the shares are issued or sold, and the
federal government regulate the issuance of shares.
The Revised Act takes the position that consolidations are now the most prevalent form
of combination.
