Examlex
What are the two conditions under which the law holds a principal directly responsible for his or her own tortious conduct?
Doctrine of Substantial Performance
A legal principle that allows a contracting party to enforce the contract even if there are minor breaches, provided substantial performance of the contract has been achieved.
Perfect Tender Rule
A principle in the Uniform Commercial Code allowing a buyer to demand a full compliance with the contract terms for goods.
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, designed to standardize and simplify the laws across the states.
Valid Title
A legal term indicating that a title to a piece of property is legally effective, with the holder having rightful ownership and no claims or outstanding liens against the property.
Q12: Asset purchases are similar to mergers and
Q16: Regarding protection in movable collateral that is
Q19: Which of the partners can demand that
Q36: While making a delivery,Elliott,a delivery driver for
Q37: Which statement is correct regarding priority in
Q43: In a closely held corporation,a breach of
Q49: As set forth in the text,which of
Q74: Is Allison correct that she owes no
Q81: To ensure that a dissolving partner does
Q88: What type of lien would Paul likely