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Legislation commonly requires that an installment-sale contract specify the cash price,
down payment, finance charges, and insurance costs.
Debts of a corporation are not the debts of the persons running the corporation or
owning shares of stock in it.
Every trust must have a beneficiary.
A tenant in possession has control of the property and is therefore liable when the
tenant's failure to use due care under the circumstances causes harm to licensees or
invitees.
If an instrument is nonnegotiable, the rights of the parties are governed by the general
principles of contract law.
The requirement of privity of contract to allow recovery in a sales contract has been
widely rejected.
Cybersquatters are individuals who register and set up domain names on the Internet
that are identical or confusingly similar to existing trademarks in the hopes they can sell
the name to the trademark owner.
The living Constitution has as a characteristic a strong president.
A country can borrow money from other International Monetary Fund (IMF) members
or from the IMF by means of special drawing rights (SDRs) sufficient to permit that
country to maintain the stability of its currency€s relationship to other world
currencies.
If a trust is created to take effect within the lifetime of the settlor, it is a testamentary
trust.
