T F A defendant never is the proximate cause of the plaintiff's injury unless the defendant is the actual cause of the plaintiff's injury. T F A defendant is liable for common law fraud if the defendant knowingly and intentionally deceives the plaintiff by omitting a material fact, thereby inducing the plaintiff's justifiable reliance, and causing the plaintiff's injury. The law assumes that the objective knowledge of a consumer is materially less than the objective knowledge of a merchant. The defendant will be liable for the plaintiff's injuries if the defendant could and did reasonably foresee that the plaintiff would knowing and voluntarily expose the plaintiff to the risk created by the defendant. T F USA law focuses upon profitability when measuring business ethics.
All bailments supported by capacity and consideration are contracts.
An agreement becomes a legally enforceable contract when the parties exchange consideration, with reality of assent, in the correct form, and dealing with legal subject matter. T F All express contracts that are in writing satisfy the Statute of Frauds. The Statute of Frauds requires the material terms to be in a written memorandum of sufficient definiteness that the court can know and enforce the parties' objective intent. Under the new common law of today, parties to a contract either may assign rights or may delegate duties if the assignment or the delegation does not violate the parties' reasonable expectations. The quote marks will not be used when referring to the specific roles.