The Revised Act does not consider a transfer of its own stock by ZYX Corporation to
its stockholders a distribution.
Venue has to do with which court has jurisdiction over the subject matter of a lawsuit.
Under the RULPA, a limited partnership may not use a name that is deceptively similar
to that of any corporation or other limited partnership.
Bill is currently enrolled in law school, expects to graduate and take the bar exam in
order to be able to practice law. Before Bill becomes a lawyer, he promises to represent
his friend, Tom, in a breach of contract action if Tom will pay him 25 percent of the
settlement. Bill negotiates and the case settles for $50,000. Tom refuses to pay Bill. Bill
then graduates and attempts to sue Tom. Bill has a legal right to enforce the agreement.
The holder of a negotiable document of title to whom the document has been duly
negotiated has legal title to the goods covered by the document.
Under the UCC parol evidence rule, usage of trade will take priority over specific
provisions in a written contract.
A minor cannot act as an agent.
The First Amendment allows free speech in any and all circumstances.
A treaty is an agreement between or among independent nations.