A promise to make a gift is enforceable.
Subject to constitutional limitations, corporations may be regulated by statutes.
If one party to a contract breaks the contract, the other party generally is under a duty to
stop any further performance to avoid sustaining greater damages.
All owners of a limited liability company are known as officers.
Nonprofit corporations are exempt from involuntary bankruptcy proceedings.
Jared agrees to purchase twelve computers from Zack Enterprises, Inc. for sale in
Jared’s department store. Twelve boxes from Zack Enterprises have just arrived at the
department store. What are Jared’s rights and responsibilities?
The SEC requires that annual shareholder reports be submitted to shareholders in any
proxy solicitation on behalf of management.
A tenant can claim that there has been a constructive eviction even if the tenant
continues to occupy the rented premises.
When a party refuses to perform a contract when the time for performance arises, an
anticipatory repudiation has occurred.
When a court decides a new question or problem, the decision is called a precedent.