Define incidental damages and give an example.
The CEQ requires that federal agencies make environmental assessments that are major,
lengthy studies of potential environmental destruction.
Exclusive dealing contracts are illegal and void.
Under federal law, employers may use a lie detector test if it is part of an ongoing
investigation of economic loss to its business.
A shareholder of one-third of all the stock in a corporation would be entitled to
one-third of all corporate assets of an ongoing company.
The common law “mirror image” rule has been modified by the Code.
A contractual agreement always involves either a promise exchanged for a promise or a
promise exchanged for a completed act or forbearance to act.
Where a party has been induced by fraud to enter a contract, the Restatement of Torts
permits the injured party to recover out-of-pocket damages but expressly excludes
recovery of benefit-of-the-bargain damages.
If an obligee promises to accept a stated performance in satisfaction of the obligor’s
existing contractual duty, this creates an accord.
A ‘stock option” permits the purchase of shares at a later date.