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Indorsements are required to negotiate bearer papers.
If no document of title is required, title only passes at the time and place of delivery.
Kantian ethics is based on the premise that people can use reasoning to reach ethical
decisions.
A patent can only be claimed for a limited amount of time.
Eye shadow and other facial makeup products are examples of cosmetics that are
beyond the scope of FDA regulation.
Negotiable instruments are used as a substitute for money.
An insurance policy, once made, cannot be modified.
The Occupational Safety and Health Act serves only as a model act and employers who
violate its rules are not liable for penalties.
A homeowner is liable for negligence per se if he or she fails to repair a damaged
sidewalk in front of his or her home and a pedestrian who trips on the unrepaired
sidewalk is injured.
The per se rule is applicable to restraints of trade that are considered inherently
anticompetitive.
An assignment and delegationoccurs when there is a transfer of both rights and duties
under a contract.
Condition subsequent exists when the parties to a contract must render performance
simultaneously.
A tenancy for years terminates automatically, without notice, on the expiration of the
stated term.
The ULPA supersedes the RULPA in the states that have adopted it.
A third party who is not in privity of contract but who has rights under the contract and
can enforce the contract against the promisor is called an incidental beneficiary.
