A bank is permitted by statute to remove an original paper check from the check
collection process and send instead of it a substitute check.
A bankruptcy petition may be filed by one creditor of a debtor as long as the debtor
owes him more than $14,425 in unsecured claims.
The death of the beneficiary will generally terminate the trust.
Kant’s philosophy rejects the idea that the end justifies the means.
Unlike voting trusts, shareholder voting agreements are not limited in duration.
Shareholder approval of a fundamental change means a unanimous vote.
In a contract where the buyer is to pick up the goods at the seller’s place of business and
the seller is a merchant, the risk of loss passes to the buyer when the goods are tendered
to the buyer.