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The Weichert Co. Realtors v. Ryan case found that the parties formed an express
contract by mutually manifesting assent to the essential terms.
A limited liability company is a relatively new form of unincorporated business
association that blends the advantages of both general and limited partnerships, because
all its members may have limited liability and all may participate in management and
control without loss of limited liability.
The author of a creative work does not own the entire copyright.
A court may not dissolve a corporation in a proceeding brought by a shareholder if it is
established that the acts of the directors are merely oppressive and not destructive.
A shareholder who dissents to a merger and is entitled to the appraisal remedy generally
does not have the right to attack the validity of the corporate action.
The Code specifies that the signer is to be treated as an indorser if it is impossible to tell
the nature of the signer's liability with certainty from the appearance of the signature on
an instrument.
List four areas of contract law where the common law of contracts and the law of sales
differ. Give both the common law rule and the rule under Article
A bankruptcy trustee may invalidate a granting of certain security interests from the
debtor if made on the date of or within nintey days before the filing of the bankruptcy
petition.
Undue influence is the taking of unfair advantage of a person by reason of a dominant
position based upon a confidential relationship.
