deck AC (1391-1441) Flashcards
4
CATEGORIES OF PARTIES WHO
VIOLATE 10b-5 (INSIDE TRADING)
- DIRECT TRADING INSIDER
- TIPPER
- TIPPEES
- MISSAPPROPRIATORS
4
PRIORITY OF DISTRIBUTION OF LIMITED PARTNERSHIP ASSETS UPON DISSOLUTION
- CREDITORS
- DISTRIBUTIONS OWED
- CAPITAL CONTRIBUTIONS
- SHARES ALLOCATED PARTNERS AS PER PARTNERSHIP AGREEMENT
7
CLASSIFICATIONS OF SEPARATE PROPERTY
- PROPERTY OWNED BY SPOUSE BEFORE MARRIAGE
- GIFT
- BEQUEST
- DEVISE
- DESCENT
- RENTS, ISSUES AND PROFITS OBTAINED FROM SP
- PROPERTY ACQUIRED AFTER PERMANENT SEPARATION
2
REVOCATION OF CODICIL CONSEQUENCE FOR WILL AND REVOCATION OF WILL CONSEQUENCE FOR CODICIL
- REVOCATION OF CODICIL REVOKES ONLY THE CODICIL AND THE WILL REMAINS ACTIVE
- REVOCATION OF WILL REVOKES WILL AND CODICIL
1
WHERE REVOCATION OF SUBSEQUENT WILL OCCURED BY PHYSICAL ACT - INTENT TO REVIVE PRIOR WILL MAY BE SHOWN BY THIS TYPE OF EVIDENCE
- EXTRINSIC EVIDENCE
4
COURT’S HAS POWER TO TERMINATE TRUST WHERE THERE IS
- FRUSTRATION OF PURPOSE
- IMPOSSIBLITY
- ILLEGALITY
- CHANGED CIRCUMSTANCES
1
LAPSE EFFECT ON CLASS GIFT
- AT COMMON LAW, LAPSED SHARE WOULD BE DIVIDED AMONG REMAINING BENEFICIARIES
2
SPECIAL DAMAGES
- UNIQUE TO THE SPECIFIC PLAINTIFF
- ECONOMIC
2
PRIORITY OF PLAINTIFF IN TAKING PROPERTY THROUGH CONSTRUCTIVE TRUST OR EQUITABLE LIEN
- BFP W/OUT NOTICE TAKES OVER PLAINTIFF
- PLAINTIFF TAKES OVER UNSECURED CREDITORS
3
QUASI-CONTRACT OR IMPLIED-IN-LAW-CONTRACT
- NO LEGAL CONTRACT EXISTED
- DEFENDANT DERIVED A BENEFIT FROM PLAINTIFF
- JUSTICE DEMANDS DEFENDANT COMPENSATE PLAINTIFF FOR BENEFIT
3
RESULT OF CONTRACT REFORMATION
- COURT REWRITES CONTRACT
- TO REFLECT PARTIES’ INTENT
- BECAUSE THE ORIGINAL CONTRACT DID NOT DO SO.
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DEFENSE TO SPECIFIC PERFORMANCE -
DISPROPORTIONATE HARDSHIP - COURT WILL NOT ORDER SPECIFIC PERFORMANCE WHERE
- HARDSHIP CAUSED TO DEFENDANT AND PUBLIC
- GREATLY OUTWEIGHS HARDSHIP TO PLAINTIFF
- IF SPECIFIC PERFORMANCE NOT GRANTED
2
REMEDIES FOR AMELIORATIVE WASTE CAUSED BY LIFE TENANT
- NO DAMAGES BECAUSE NO DIMINUTION IN VALUE
- INJUNCTION MAY BE GRANTED
2
“LIFE IN BEING”
- AN ASCERTAINABLE INDIVUAL
- MADE SPECIFICALLY IDENTIFIABLE BY LANGUAGE OF CONDITION
3
EVALUATING WHETHER OR NOT ITEM IS A FIXTURE
- ITEM IS FIRMLY EMBEDDED IN PREMISES
- ITEM IS PARTICULARLY ADAPTED OR FITTED TO THE REAL ESTATE
- REMOVAL WOULD DESTROY CHATTEL OR HARM REAL ESTATE
3
METHODS OF TERMINATING OR MODIFYING A REAL COVENANT
- AGREEMENT OF ALL PARTIES MADE IN A SUFFICIENT WRITING.
- ABANDOMENT ACTION
- CHANGED CONDITIONS
1
MINIMUM CONTACTS - SPECIFIC JURISDICTION
- CLAIM IS DIRECTLY RELATED TO DEFENDANT’S CONTACT WITH THE FORUM STATE
3
FEDERAL TRANSFER OF VENUE STANDARD
- COURT LOOKS TO INTERESTS OF JUSTICE
- PUBLIC FACTORS - BURDEN TO COMMUNITY, CHOICE OF LAW
- PRIVATE FACTORS - CONVENIENCE, LOCATION OF EVIDENCE AND WITNESSES
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CALIFORNIA - FORUM NON CONVENIENS STANDARD - PRIVATE AND PUBLIC FACTORS
- BURDEN ON COMMUNITY
- APPLICABLE LAWS
- CONVENIENCE TO PARTIES
- LOCATION OF WITNESSES AND EVIDENCE.