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On a motion for judgment on the pleadings, a court may consider evidence outside the
pleadings.
If a contractual promise is not fulfilled, the person who made it may be required to
perform the promised act.
Sierra borrows $175,000 from Regional Home Finance Corporation to buy a home. The
loan is a twenty-year, 3/1, adjustable-rate mortgage, with an initial interest rate of 4.0
percent for three years and potential increases of up to 3.0 percent to a cap of 11.0
percent. Before the loan is completed, the lender discloses the amount of the loan
principal, the initial interest rate, the initial annual percentage rate, and associated fees
and costs. Not disclosed are material details about the amounts of the payments when
the interest rate changes. Before the first increase takes effect, Sierra decides that she
wants to rescind the loan. What is a "twenty-year, 3/1, adjustable-rate mortgage"? Can
Sierra rescind this loan? Why or why not?
Copyright protection is automaticregistration is not required.
The consideration paid to an insurer to obtain an insurance policy is the premium.
A tax preparer that fails to give a taxpayer a copy of his or her tax return may be subject
to a penalty under the Internal Revenue Code.
Penalties for aiding or assisting in the preparation of false tax returns are limited to one
penalty per taxpayer per tax year.
To be patentable, an invention, discovery, or design must be novel, useful and not
obvious in light of current technology.
Shareholders own a corporation.
A beverage company that competes with Coca-Cola Company cannot call its products
"Koke."
A single seller acting unilaterally is free to deal, or not to deal, with anyone it chooses.
Foreign exchange markets comprise a worldwide system for buying and selling
currency.
A home equity loan starts as a fixed-rate mortgage and then converts into an
adjustable-rate mortgage.
According to the Foreign Sovereign Immunities Act, a foreign state that waived its
immunity by implication is subject to the jurisdiction of the U.S. courts.
International law is the law of a foreign nation and varies from country to country.
All states have intermediate appellate courts.
The basis for the U.S. legal system is the natural law school.
Most online dispute resolution services apply general, universal legal principles to
resolve disputes.
The first bank to receive a check for payment is the depositary bank.
