deck AD (1442-1492) Flashcards
6
DE JURE CORPORATION (MA PAIN)
- MEETS STATUATORY REQUIREMENTS INCLUDING SOS FILING THAT DETAILS
- AUTHORIZED NUMBER OF SHARES
- PURPOSE OF CORP
- AGENT’S NAME AND ADDRESS
- INCORPORATOR’S NAME AND ADDRESS
- NAME OF CORPORATION
2
REMEDY THEORIES TO USE WHEN SEEKING DAMAGES FOR REASONABLE RELIANCE ON REEPRESENTATION OF PRE-INCORPORATION PROMOTER
- QUASI-CONTRACT
- PROMOTER’S IMPLIED ADOPTION OF CONTRACT
3
OFFICERS AND DIRECTORS - UNDER THE DUTY OF DISCLOSURE, OFFICERS AND DIRECTORS MUST
- DISCLOSE ALL MATERIAL INFORMATION
- RELEVANT TO CORPORATION
- TO THE BOARD OF DIRECTORS
2
CAPACITY REQUIREMENTS OF PRINCIPAL
- CAPACITY TO CONTRACT
- NO MINORS
2
DIFFERENCE BETWEEN AGENT AND AN INDEPENDENT CONTRACTOR
- PRINCIPAL CONTROLS METHOD AND MANNER OF AGENT’S PERFORMANCE
- PRINCIPAL CANNOT CONTROL METHOD AND MANNER OF INDEPENDENT CONTRACTOR’S PERFORMANCE
3
FIDUCIARY DUTIES OF LLC MEMBERS
WHICH DUTIES AND TO WHOM OWED
- DUTY OF CARE
- DUTY OF LOYALTY
- DUTIES OWED TO LLC AND LLC MEMBERS
1
WHO HAS BURDEN OF PROOF WHERE SPOUSE CLAIMS SEPARATE PROPERTY IN COMMINGLED FUNDS
- SPOUSE ASSERTING SP
3
ELEMENTS TRIGGERING
MARRIED WOMAN’S SPECIAL PRESUMPTION
- PROPERTY TAKEN IN WIFE’S NAME ALONE
- PRE-1975
- REBUTTABLY PRESUMED TO BE HER SEPARATE PROPERTY
7
PREMARITAL AGREEMENTS DEEMED INVOLUNTARY UNLESS
- SPOUSE TO BE HAD CAPACITY
- NO DURESS
- NO FRAUD
- NO UNDUE INFLUENCE
- PRESENTED WITH AGREEMENT AT LEAST SEVEN DAYS BEFORE SIGNING
- ADVISED TO SEEK INDEPENDENT COUNSEL
- WAIVED INDEPENDENT COUNSEL IN SEPARATE WRITING
1
PANTS GO ON
LEGS
2
COMMUNITY PROPERTY CONTRIBUTIONS
SPOUSE A USES CP TO IMPROVE TOWARD SPOUSE B’S SEPARATE PROPERTY -
OTHER PROPERTY (MINORITY VS. MAJORITY RULES)
- MAJORITY RULE - PRESUMED GIFT UNLESS WRITTEN AGREEMENT TO REIMBURSE
- MINORITY RULE - GIFT NOT PRESUMED AND REIMBURSEMENT GRANTED
4
DEPENDANT RELATIVE REVOCATION NOT APPLICABLE WHERE SUBSEQUENT WILL IS INVALID DUE TO
- INEFFECTIVE EXECUTION
- FRAUD
- DURESS
- INFLUENCE
2
ADEMPTION OF SPECIFIC GIFTS
- SPECIFIC GIFTS ADEEM BY EXTINCTION
- COURT’S LOOK TO TESTATOR’S INTENT TO SEE WHAT BENEFICIARY ESTATES
2
EXONERATION - ABATEMENT OF SPECIFIC GIFT TO EXONERATE AN ENCUMBRANCE ON ANOTHER SPECIFIC GIFT
- NOT ALLOWED
2
DEGREE OF RELATION’S EFFECT ON ANTILAPSE
- ISSUE TAKES PER CAPITA WHERE SAME DEGREE OF RELATION
- WHERE MORE REMOTELY RELATED, PER CAPITA W/REPRESENTATION
4
RESULTING TRUST TRIGGERS
- TRUST PURPOSE SATISFIED OR ENDS
- CY PRES DOCTRINE CAN’T FIX FAILED CHARITABLE TRUST
- ILLEGAL TRUST
- EXCESS CORPUS IN TRUST
1
NECKLACES
- GO ON YOUR NECK
3
LEGAL RESTITUTION IS AWARDED WHERE
- DEFENDANT WAS UNJUSTLY ENRICHED
- JUSTICE DEMANDS PLAINTIFF IS COMPENSATED FOR DEFENDANT’S ENRICHMENT
- OR PLAINTIFF WANTS HIS PROPERTY BACK
2
MUTUALITY OF PERFORMANCE ELEMENTS
- PLAINTIFF HAS ALREADY PERFORMED
- OR COURT HAS POWER TO SECURE PERFORMANCE BY PLAINTIFF