Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
According to Milton Friedman, the social obligation of a corporation is to return as
much money as possible to its direct stakeholders.
The requirement of legally sufficient consideration is concerned with whether the
bargain was good.
The executor-administrator provision applies to promises of an executor of a decedent's
estate to the decedent's creditors.
While employed, an employee who has no restrictive employment contract with his
employer may divulge secrets to a competitor.
Belinda has a homeowner's insurance policy, which requires that she notify the
insurance company within thirty days of any loss before she is eligible to receive
payment for her loss. The notification requirement is a condition precedent to the
insurance company's obligation to perform, even though the notification must occur
subsequent to the loss.
The maker is the primary party on every note.
The law of torts is primarily statutory law.
A liquidated damage clause that represents a reasonable approximation of the damages
where the actual amount would be very difficult to determine will usually be upheld.
