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Ruby invents a new type of pillow and obtains a patent for it. Sleep-Time Inc. believes that Ruby’s pillow infringes on one of Sleep-Time’s previously patented products. Sleep-Time must file a challenge to Ruby’s patent within

Bon, an agent for City Motors Inc., e-mails Dale on May 1 that the dealer will sell to her a 2018 Ford pick-up truck for $25,000 between May 1 and July 1. Bon’s offer to Dale is

Cornell and Duke are partners in Equity Lending. They decide to admit Fran to the firm as a new partner. Fran’s liability for partnership debts incurred before her admission is

Any contract that is not in writing is not enforceable.

The assumption of direct financial responsibility for a debt does not need to be in writing to be enforceable.

A close corporation need not meet all of the specific requirements set forth in state statutes for corporations because it is essentially a sole proprietorship.

Glen is a partner in Home Builders, a construction firm. Glen’s assignment of his interest in the partnership to Investment Consultants results in

Once a court has applied a principle to a certain set of facts, that principle must be applied in future cases involving

To bring a corporation into existence requires securing a corporate name that is

A citation is a regulation enacted by a city or county legislative body.