To support the imposition of strict product liability, a product must be substantially changed from the time it is sold to the time an injury occurs.
A seller must warn those who buy a product of harm that could result from the foreseeable misuse of the product.
A sole proprietorship's income is taxed as the firm's profits, not as the owner's personal income.
In choosing a form of business organization for a new enterprise, important factors include the ease of creation.
Contracts between a franchisee and its customers define the franchise relationship.
Normally, a franchisee determines the territory that it will serve.
In determining whether a franchisor acted in good faith in terminating a franchise relationship, a court would balance the rights of both parties.
The Uniform Partnership Act has done much to reduce controversies in the law relating to partnerships.
A partner's fiduciary duties may be waived or eliminated in the partnership agreement.
A limited liability partnership must be formed in compliance with state law.

