Protected individuals under the Restatement view of tort liability for an accountant
include potential investors and the general public.
In interpreting a contract, terms which have been separately negotiated are given
priority over standardized pre-printed terms.
When one partner is notified of any matter relating to partnership affairs, it is assumed
that all partners have been notified.
Big Burger Co. sues Bakum Corporation for breach of contract for $1,000 of hamburger
buns that were not delivered. Bakum may assert as a defense to payment that Big
Burger is not a de jure corporation.
A restraint of trade may be classified as either horizontal or vertical.
Under the Fair Credit Reporting Act, a consumer has the right to have inaccurate
information removed from his consumer credit report.
A limited partner who participates in the control of the business has broad liability to
third persons regardless of whether they have transacted business with the partnership.