A motion for a directed verdict occurs immediately after the last pleading is filed.
A trustee cannot make decisions on matters that could not be foreseen by the settlor.
To be lawful, affirmative action must be time-limited .
Under Revised UCC Article 9, a debtor may authorize a financing statement by
acquiring the collateral that is subject to the security agreement.
A consumer may waive all defenses otherwise provided for by law.
Subornation is the right of a party secondarily liable to stand in the place of the creditor
after making payment to the creditor and to enforce the creditor’s right against the party
primarily liable in order to obtain indemnity from such primary party.
The person on whom the order to pay a draft is made is called a drawer.
The Federal Trade Commission has adopted a franchise disclosure rule that requires
franchisors to give prospective franchisees a full disclosure statement thirty (30) days
before a franchisee signs a contract or pays any money for a franchise.
True consideration occurs only when the value of one promise is equal to the value of
the promise given by the other party.
A third person dealing with the agent of a disclosed principal ordinarily intends to make
a contract with the principal, not the agent.
An otherwise vague contract may be clarified by references in the contract to other
documents or agreements.
Roberta, an educated person, purchased real estate from Maurice. Roberta did not read
entirely the contract that she signed. As a result, she did not notice the provision in the
contract about the interest imposed on the unpaid portion of the purchase price. She
refused to pay the interest specified in the contract. Maurice sued her. Could he
recover?
A quorum is broken if shareholders leave and those remaining are not sufficient to
constitute a quorum.
Sara and Sally rely on the statements of Alice, an accountant. In a lawsuit brought by
Sara and Sally against Alice for fraud, Alice seeks to avoid liability based on the fact
that neither Sara nor Sally was in privity of contract with Alice. Alice knew Sara might
rely on the financial information provided, but Alice did not know of Sally or anyone in
her position. Can Sara and Sally recover against Alice?
Louise owned a house next to Robert’s house. Robert made a contract with Midcity
Painters to paint his house. The painters arrived to paint Robert’s house, but mistakenly
painted Louise’s house. She saw the painters at work and made no comment. Later,
Midcity Painters sent Louise a bill for painting her house. She claimed that she was not
liable because she had not made any contract with them. Is this a valid defense?
At common law, a tenancy by entirety or a tenancy by the entireties is created when
property is transferred to both husband and wife.
At common law, the occupier of land owed the same duty to both licensees and invitees.