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What is a statute of repose? Why have some states adopted such statutes?
A tiger gets loose from the tent of a circus and mauls a passerby. The circus claims it
has always treated the animal well and that it was not at all negligent in its handling of
the animal. The circus has no liability for the injury caused by the animal.
Discuss the effect of a court's declaring someone incompetent and appointing a
guardian.
Define and discuss horizontal and vertical privity. Explain the effect of the Code and
the courts on the concept of privity of contract.
Management buyouts commonly make extensive use of borrowed funds.
