When the method used by an offeree to accept is unauthorized, the traditional rule is
that the acceptance is effective when received by the offeror, provided that it is received
within the time during which the authorized means would have arrived.
A letter sent to someone falsely accusing her of being a murderer constitutes the tort of
defamation.
Implied authority may arise from customs or usages of the principal’s business.
RICO defines a pattern of racketeering as the commission of three or more predicate
acts within a five-year period.
In general, a minor may only disaffirm a contract after he has reached the age of
majority.
The Elm Street Partnership is a limited partnership in which Arlo is the sole general
partner and Barbara and Charles are the limited partners. Now the partnership is being
dissolved, and Barbara wants her money. The partnership creditors include Charles, for
a $1,000 loan, in addition to his capital contribution. In what order should the
partnership assets be distributed?
A person who believes in the situational ethics theory would agree that precise
guidelines for business behavior must be developed and adhered to by business
professionals.
A contract for the sale of a copyright is governed by Article 2 of the Uniform
Commercial Code.
Community property does not include a ring owned by the wife prior to the marriage.
Briefly discuss enforcement of a judgment.