Generally, the right to make a will is limited to persons 18 or older.
The UCC statute of limitations applies to actions brought for remedies on the breach of
a sales contract.
Predatory lending is a practice on the part of the subprime lending market whereby
lenders take advantage of less sophisticated consumers or those who are desperate for
funds by using the lenders€ superior bargaining positions to obtain credit terms that
go well beyond compensating them for their risk.
A corporation must have at least two shareholders.
Parties to international ventures often agree to arbitrate their disputes in neutral
countries.
A majority action of partners is not binding if it contravenes the partnership agreement.
An employer has a ‘shop right” to use an invention of an employee without payment to
the employee if the invention was made during working hours with the employer’s
material and equipment.
A sale or return is a completed sale with an option for the buyer to return the goods.
A principal is not bound by statements made by an agent during the transaction of
business that is within the scope of the agent’s authority.