Deck I (412-462) Flashcards
2
PIERCING THE CORPORATE VEIL CAUSES- ALTER EGO
- CORPORATE FORMALITIES IGNORED
- PERSONAL FUNDS COMMINGLED
2
STOCK SHARES DEFINITION
- EQUITY SECURITIES
- GRANTING SHAREHOLDER INTEREST IN CORPORATION
1
CORPORATE OFFICERS - APPOINTMENT
- APPOINTED BY BOARD
3
CORPORATE OFFICERS AND DIRECTORS - FUDICIARY DUTIES - OFFICERS AND DIRECTORS HAVE A DUTY OF
- CARE
- LOYALTY
- DISCLOSURE
2
TYPES OF PARTNERSHIPS
- GENERAL PARTNERSHIP
- LIMITED PARTNERSHIP
3
RUPA AND PARTNERSHIP AGREEMENTS - PARTNERS CAN AGREE TO BE GOVERNED BY
- RULES DIFFERENT FROM RUPA
- RULES FROM RUPA AND ALTERNATIVE RULES
- BUT CERTAIN RUPA RULES CANNOT BE WAIVED.
3
PERSONAL LIABILITY OF PARTNERS FOR PARTNERSHIP DEBTS
- JOINTLY AND SEVERALLY LIABILITY FOR PARTNERSHP LIABILITIES
- INDEMNIFICATION
- CONTRIBUTION RIGHTS
1
REGISTERED DOMESTIC PARTNERSHIPS
- REGISTERED DOMESTIC PARTNERS ARE AFFORDED SAME RIGHTS AND PROTECTIONS AS MARRIED PARTNERS
3
EXHAUSTION METHOD
- FUNDS IN COMMUNITY ACCOUNT DEPLETED
- ONLY FUNDS IN SP ACCOUNT AVAILABLE
- WHEN PROPERTY PURCHASED
1
PREMARITAL AGREEMENTS AND CHILD SUPPORT
- CHILD SUPPORT CANNOT BE WAIVED BY PREMARITAL AGREEMENT
2
HOLOGRAPHIC WILL - CAUSES OF INVALIDITY WHERE INCONSISTENCIES
- MISSING DATE
- DOUBT AS TO WHETHER OR NOT ANOTHER WILL CONTROLS
2
GENERAL GIFTS
- NOT SPECIFIC PROPERTY
- FROM GENERAL ASSETS OF ESTATE
3
ATTESTED WILLS REQUIRE
- EXECUTION BY TESTATOR
- IN THE PRESENCE OF
- AT LEAST TWO COMPETENT AND DISINTERESTED WITNESSES
6
INCIDENTAL DAMAGES FOR BUYERS - EXPENSES REASONABLY INCURRED FOR RIGHTFULLY REJECTED GOODS INCLUDE
- INSPECITION
- RECEIPT
- TRANSPORTATION
- CARE
- CUSTODY OF GOODS
- AND OTHER EXPENSES INCIDENTAL TO SELLER’S BREACH
5
SOF REQUIREMENTS FOR LAND SALE CONTRACT
- CONTRACT IN WRITING
- NAMES PARTIES
- SIGNED BY PARTY TO BE BOUND
- SUFFICIENTLY DESCRIBES LAND
- STATES CONSIDERATION
2
LAND SALE CONTRACT - IMPLIED PROMISE OF MARKETABLE TITLE IMPLIEDLY PROMISES TO:
- DELIVER MARKETABLE TITLE AT THE END OF CLOSING
- FREE FROM REASONABLE DOUBT REGARDING SELLER’S ABILITY TO CONVEY PROPERTY AS REPRESENTED
1
RACE-NOTICE STATUTE
- SUBSEQUENT BFP THAT RECORDS FIRST PREVAILS OVER GRANTEE THAT DIDN’T RECORD FIRST
2
CONSTRUCTIVE EVICTION APPLIES TO THESE LEASES
- RESIDENTIAL LEASES
- COMMERCIAL LEASES
4
MODERN TORT LIABILITY OF LANDLORD - LANDLORDS HAVE A DUTY TO
- MAINTAIN COMMON AREAS
- FIX LATENT DEFECT OF WHICH THEY HAVE KNOWLEDGE
- MAKE NONNEGLIGENT REPAIRS
- INSPECT FOR DEFECTS WHERE PREMISES ARE HELD OPEN TO THE PUBLIC
1
LIABILITY OF NEW TENANT WITH ASSIGNED LEASE TO LANDLORD
- NEW TENANT IS RESPONSIBLE TO LANDLORD FOR RENTAL PAYMENTS DUE TO PRIVITY OF ESTATE