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Disclaimer of consequential damages is unlawful in most instances.
In a sublease, no legal relationship is formed between the landlord and the sublessee.
To be enforceable, a contract must be supported by consideration.
A debtor-in-possession is a debtor who is left in place to operate the business during the
reorganization proceeding.
A principal works on behalf of an agent.
Natural Law School of jurisprudence emphasizes shaping laws based on morals and
ethics.
The owners share ownership in commingled goods in proportion to the amount of
goods contributed by each owner.
The amount of compensatory damages that will be awarded for breach of contract
depends on which party breached the contract.
In a franchise agreement, by default, the franchisor and franchisee are separate legal
entities.
The right to enforce air pollution standards is an exclusive prerogative of the federal
government.
A principal has no course of action if an agent discloses his or her confidential
information to a third party.
Only governmental bodies, and not private employers, come under the purview of the
Fair Labor Standards Act.
The determination of whether a corporate director or officer has met his or her duty of
care is measured in hindsight.
A provisional application for a patent gives an inventor three months to prepare a final
patent application.
The Organization of the Petroleum Exporting Countries (OPEC) sets quotas on the
output of oil production by its individual member nations.
