DECK E (205-256) Flashcards
3
DIVIDENDS MAY ONLY BE GIVEN WHERE
- BOARD DIRECTS
- ALLOWED BY ARTICLES
- DOES NOT CAUSE INSOLVENCY
2
PERMANENT SEPARATION OCCURS WHEN
- COUPLE PHYSICALLY SEPARATES
- AND AT LEAST ONE OF THE SPOUSES INTENDS FOR SEPARATION TO BE PERMANENT
3
COMMUNITY PROPERTY USED TO MAKE PAYMENTS ON SEPARATE PROPERTY -
MARRIAGE OF MOORE FORMULA FOR FINDING COMMUNITY INTEREST
- AMOUNT COMMUNITY PAID DOWN PRINCIPAL
- DIVIDED BY THE TOTAL LOAN AMOUNT
- RESULT IS COMMUNITY’S SHARE
2
PUTATIVE SPOUSES OCCUR WHEN
- MARRIAGE IS VOID OR INVALID
- BUT ONE OR BOTH SPOUSES HAVE A GOOD FAITH BELIEF THAT MARRIAGE WAS VALID
3
SPECIAL CLASSIFICATIONS OF ASSETS - PERSONAL INJURY AWARDS - DAMAGES RECIEVED
- DURING MARRIAGE ARE COMMUNITY PROPERTY
- BUT ARE ASSIGNED TO INJURED SPOUSE AFTER DIVORCE UNLESS JUSTICE DEMANDS OTHERWISE
- MUST BE USED FOR REIMBURSEMENT TO COMMUNITY WHERE COMMUNITY INCCURED EXPENSE ON BEHALF OF INJURED SPOUSE
4
VALID WILL - INTERESTED WITNESSES TO WILL CREATE REBUTTABLE PRESUMPTION OF
- FRAUD
- MENACE
- UNDUE INFLUENCE
- DURESS
3
WILL REVOCATION - PRESUMED REVOCATION
- WILL LAST KNOWN TO BE IN TESTATOR’S POSSESSION
- TESTATOR WAS COMPETENT AT DEATH
- WILL OR DUPLICATE CAN’T BE FOUND AFTER DEATH
3
TEMPORARY RESTRAINING ORDER
- PRESERVES THE STATUS QUO
- FOR A SHORT PERIOD OF TIME
- PENDING ISSUANCE OF A PRELIMINARY INJUNCTION
1
VOLUNTARY WASTE
- DELIBERATE, DESTRUCTIVE ACT
4
FORMALITY REQUIREMENTS OF DEED
- IDENTIFY PARTIES
- SIGNED BY GRANTOR
- IDENTIFY THE PROPERTY
- NO CONSIDERATION REQUIRED
3
ESTOPPEL BY DEED OCCURS WHERE GRANTOR
- PURPORTS TO CONVEY AN INTEREST IN A PROPERTY HE DOES NOT HAVE
- BUT LATER GAINS A VALID INTEREST IN THE PROPERTY
- ESTATE AUTOMATICALLY TRANSFERS TO GRANTEE
2
FEE SIMPLE DEFEASIBLE
- CONVEYS AN INTEREST IN REAL PROPERTY
- SUBJECT TO LIMITATIONS.
1
VESTING FOR INTEREST IN REAL ESTATE
- GRANTS IMMEDIATE RIGHT TO PRESENT OR FUTURE INTEREST IN AN ESTATE
3
TENANCY FOR YEARS
- CREATION BY: AGREEMENT WITH A SPECIFIED START AND END DATE, SOF FOR OVER A YEAR
- DURATION: ANY PERIOD OF TIME
- TERMINATION NOTICE REQUIREMENT: NONE BECASUE LEASE ENDS ON AGREED ON DATE
3
HOLDOVER TENANT IS CREATED BY AFTER LEASE TERMINATION WHERE
- TENANT STILL TENDERS RENT
- LANDLORD ACCEPTS RENT
- MOST JX IMPLY PERIODIC TENANCY W/TIME PERIOD OF PREVIOUSLY EXPIRED LEASE
1
AFFIRMATIVE EASEMENT
- AFFIRMATIVE EASEMENT ENTITLES EASEMENT HOLDER TO DO SOMETHING ON ANOTHER’S LAND
3
FEDERAL SUBSTITUTE SERVICE REQUIREMENTS
- SOMEONE OF SUITABLE AGE AT DEFENDANT’S RESIDENCE WHO RESIDES THERE.
- DEFENDANT’S AUTHORIZED AGENT.
- ANY METHOD PERMITTED BY STATE LAW.
3
FEDERAL RULE 12(B)(6) - NONWAIVABLE DEFENSES - (CAN BE RAISED ANYTIME BEFORE TRIAL IS CONCLUDED)
- FAILURE TO JOIN AN INDISPENSIBLE PARTY
- FAILURE TO STATE A CLAIM ON WHICH RELIEF CAN BE GRANTED
- LACK OF SMJ
1
ERIE DOCTRINE WILL NOT APPLY TO ISSUES OF SUBSTANCE WHERE
- THERE IS FEDERAL LAW DIRECTLY ON POINT
1
BALANCE OF INTERESTS TESTS
- FEDERAL INTEREST IN HAVING FEDERAL LAW APPLIED IS MEASURED AGAINST STATE LAW INTEREST IN HAVING STATE LAW APPLIED.