deck A (1-50) Flashcards
2
VOTING TRUST ELEMENTS
- SHARES ARE TRANSFERRED TO TRUSTEE
- TRUSTEE VOTES AND DISTRIBUTES DIVIDENDS IN ACCORDANCE WITH WISHES OF THE TRUST
2
REMEDY FOR VIOLATING 10b-5 (INSIDER TRADING)
- DIFFERENCE BETWEEN PROCEEDS AND HONEST TRADE
- MUST BE DISGORGED TO CORPORATION
3
AMENDING CORPORATE BYLAWS REQUIREMENTS
- APPROVAL OF SHAREHOLDERS
- APROVAL OF DIRECTORS
- FILING OF CHANGED ARTICLES WITH SECRETARY OF STATE
3
IMPLIED ACTUAL AUTHORITY (AGENCY) CREATED BY
- CUSTOM
- PRIOR DEALINGS
- AGENT’S REASONABLE BELIEF OF AUTHORITY NECESSARY TO ACCOMPLISH EXPRESSLY DIRECTED TASTS
2
QUASI-COMMUNITY PROPERTY
- PROPERTY ACQUIRED BY SPOUSE WHILE DOMICILED ELSEWHERE
- WHICH WOULD HAVE BEEN CP IF ACQUIRED WHILE DOMICILED IN CA
3
TRANSMUTATION - WRITING NOT REQUIRED FOR GIFTS BETWEEN SPOUSES WHERE
- TANGIBLE ARTICLES OF PERSONAL NATURE
- INSUBSTANTIAL IN VALUE
- IN CONTEXT OF MARITAL CIRCUMSTANCES
2
DISTRIBUTION OF ASSETS TO SURVIVING SPOUSE AT DEATH - DECEDENT SPOUSE WAS INTESTATE
- SURVIVING SPOUSE ENTITLED TO DECEDENT’S SHARE OF CP AND QCP
- SURVIVING SPOUSE ENTITLED TO 1/3 OF DECEDENT’S SP (DEPENDING ON SURVIVING PARENTS OR ISSUE)
2
DEBT - TIMING - CHILD SUPPORT
- LIABILITY FOR CHILD SUPPORT FOR A CHILD NOT A PRODUCT OF THE MARRIAGE IS TREATED AS A PRE-MARRIAGE DEBT
- REGARDLESS OF WHEN SUPPORT ORDER ENTERED OR MODIFIED
2
DISTRIBUTION OF COMMNITY ASSETS AT DEATH - GENERAL RULE
- ONE HALF CP AND QCP TO SURVIVING SPOUSE
- ONE HALF CP AND QCP TO ESTATE
2
VALID WILL - WILL STILL VALID W/NO WITNESSES WHERE THE WILL PROPONENT CAN PROVE
- TESTAMENTARY INTENT
- WITH CLEAR AND CONVINCING EVIDENCE
4
OF SOUND MIND - NO CAPACITY WHERE TESTATOR INFLUENCED BY
- FRAUD
- DURESS
- MENACE
- UNDUE INFLUENCE
2
INTEGRATION OF DOCUMENTS INTO WILL - REQUIREMENTS
- DOCUMENTS WERE PRESENT AT THE TIME TESTATOR EXECUTED WILL AND
- TESTATOR INTENDED THEM TO BE PART OF HIS WILL
2
REVOCATION OF WILL - WHERE DEVISE MADE TO MULTIPLE BENEFICIARIES AND ONE BENFICIARY IS CROSSED OUT, WHO RECEIVES THE CROSSED OUT BENEFICIARY’S PORTION?
- WILL RESIDUE RECEIVES CROSSED OUT PORTION
- NOT REMAINING BENEFICIARIES
4
CONSTRUCTIVE TRUST
- EQUITABLE REMEDY
- IMPOSED BY COURTS
- WHERE DEFENDANT IS UNJUSTLY ENRICHED BY PROPERTY
- AND IT IS INEQUITABLE FOR HIM TO KEEP PROPERTY
3
BALANCING OF HARDSHIPS IN AWARDING INJUNCTION - EXTRA CONSIDERATION FACTORS
- LARGE DISPARITY WEIGHS IN FAVOR OF SEVERELY IMPACTED PARTY
- WILLFUL MISCONDUCT WEIGHT AGAINST WRONGDOER
- PUBLIC INTEREST CONCERNS
5
LIFE ESTATE - OTF2C
- OWNERSHIP - FOR THE STATED LIFE OF A PERSON.
- TRANSFERABILITY - ALIENABLE, DEVISABLE, DESCENDIBLE, SUBJECT TO THE DURATION OF THE LIFETIME.
- FUTURE INTEREST GRANTOR OWNS - REVERSION (IF HELD BY GRANTOR.)
- FUTURE INTEREST THIRD PARTY OWNS - REMAINDER (IF HELD BY THIRD PARTY)
- CREATED BY - WORDS OF IDENTIFICATION
3
ABANDONMENT OPTIONS FOR LANDLORD
- ACCEPT ABANDONMENT AND TERMINATE LEASE OR
- RELET PREMISES ON BEHALF OF TENANT (WITH NOTICE) OR
- LEAVE PREMISES VACANT AND CONTINUE TO COLLECT RENT (MODERNLY W/DUTY TO MITIGATE)
3
GENERAL RULE OF ASSIGNMENTS IN LEASES
- PARTIES MAY TRANSFER INTERESTS IN LEASES
- UNLESS AGREED OTHERWISE
- PROHIBITIONS ON TRANSFERS ARE ENFORCEABLE.
3
DUE PROCESS - NOTIONS OF FAIR PLAY AND SUBSTANTIAL JUSTICE ARE NOT OFFENDED WHERE
- CLAIM IS RELATED TO DEFENDANT’S CONTACT WITH THE FORUM STATE
- DEFENDANT HAS CONTINOUS OR SYSTEMATIC CONTACT WITH THE FORUM STATE
- FORUM IS NOT GRAVELY DIFFICULT AND INCONVENIENT FOR THE DEFENDANT.
4
ABSOLUTE PRIVILEGE FOR ATTORNEY WORK PRODUCT APPLIES TO:
- MENTAL IMPRESSIONS
- LEGAL THEORIES
- OPINIONS
- CONCLUSIONS