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A security interest in consumer goods is always automatically perfected upon
attachment.
Anne is hired to manage an unincorporated dress boutique owned by Betty. The two
agree that Anne will receive one-third of the net profits, which amount is to be paid to
her on a monthly basis. Is Anne a partner? If the boutique has a loss instead of a profit,
would Anne have to share the loss? Explain.
Anyone legally capable of holding title to and dealing with property may be a trustee.
Under the Sherman Act, price fixing is the primary and most serious example of a per
se violation.
A trustee must act with the degree of care that a professional investor would use in
making trust property productive.
Mere possession of goods by a bailee authorizes the bailee to sell them.
The United States Constitution establishes the principle of judicial review, which is the
principle also called 'separation of powers.'
Consumer protection takes place by legislation and agencies at only the federal level.
Mark finds a camera under a park bench at Disneyland. Mark can keep the camera if the
true owner cannot be found, because it is lost property.
Civil law systems, as found in the State of Louisiana and countries such as Scotland,
depend on comprehensive legislative enactments.
