The ULPA supersedes the RULPA in the states that have adopted it.()
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If an oral contract that should have been in writing under the Statute of Frauds is already executed, neither party can seek to rescind the contract on the grounds of noncompliance with the Statute of Frauds.()
The measure of damages awarded to the innocent party for fraud is the difference between the value of the property as represented and the actual value of the property.()
The board of directors makes policy decisions concerning the operation of a corporation.()
The Howey test is used to determine if an arrangement is an investment contract.()