Hail Mary Flashcards
Rule 10b-5
The fraudulent purchase or sale of any stock or other security can give rise to a Rule 10b-5 action.
1) P purchased/sold security
2) tx involved use of interstate commerce
3) D engaged in fraudulent/deceptive conduct
4) conduct related to Material information
5) P relied
6) P suffered harm
Pay It Forward, My Rustic Hamlet
Section 16(b)
A corporate insider can be forced to return short-swing profits to the corporation through a 16(b) action. An insider’s reasons for trading are immaterial. Even an insider who does not possess nonpublic material information must return short-swing profits.
1) C publicly traded and has securities traded on national stock exchange OR have assets of more than $10M and 500 shareholders of any class
2) Only C, D, S who hold more than 10% of any class are subject
3) 6-Mo insider who buys/sells is liable for profits
4) Insider required to report change in stock ownership to SEC
Contract Mutual Mistake
1) Existed when K formed
2) Relates to basic assumption
3) Material impact on tx
4) No assumption of risk
Contract Misrepresentation
1) Fraudulent/Negligent (knowing/reckless/meant to mislead)
2) Misrep Induced assent
3) Justifiable Reliance
Contract Duress
Improper threat that deprives a party of meaningful choice
Contract UI
Unfair persuasion of a party to assent to a K
Injunction
I Put Five Bucks Down
1) Irreparable Harm
2) Probability of success
3) Feasibility of Enforcement
4) Balance of Equities
5) Defenses
Specific Performance
1) Valid K
2) Terms clear/certain
3) Fairness
4) Feasibility of Enforcement
5) Balance of Equities
6) Defenses
Constructive Eviction
1) Substantial Interference
2) Notice and Reasonable time to repair, but no repair
3) Tenant Vacates
Types of Easements
Express Implication Necessity Prescription Estoppel
Easement Termination
Release Merger Severance Abandonment (Acts and Clear intent) Destruction/Condemnation
Transfer by Deed
Present Intent and Acceptance (presumed)
Property, Parties, Signature, Words of Transfer
Deed Covenants
Seisin
Right to Convey
Against Encumbrances
Quiet Enjoyment
Warranty
Further Assurances
Lateral Support Rights
Strict if would have collapsed alone
Negligence if structures contributed
Subjacent Support
Strict for failure to support buildings that were there when rights were conveyed
Physician Informed Consent
Malpractice Unless
i) Risk commonly known
ii) Patent unconscious
iii) Patient waives
iv) Disclosure harmful
Attractive Nuisance
a) You know it’s dangerous
b) You know kids will be there
c) The kids don’t know
d) Risk/Utility
e) Didn’t protect
Res Ipsa Loquitur
1) Doesn’t occur in absence of negligence
2) Instrumentality within control
3) Not caused by P
NIED
Zone of Danger and ED
Bystanders
a) Closely Related
b) Present
c) Personally Observed
Specific Relationship
a) Mishandling a corpse
b) Misreporting Death
Abnormally Dangerous Activity
Creates foreseeable rick of harm even when reasonable care is exercised, and the activity is not commonly engaged in
Failure to Warn
a) Foreseeable risks of harm
b) Not obvious to ordinary users
c) Risks reduced or avoided with reasonable warnings
(Learned Intermediary Rule)
Defamation
1) Defamatory (respect, esteem, goodwill)
2) Of or Concerning
3) Publication
4) Damages
5) Falsity
Slander Per Se
1) Professional reputation
2) Disease
3) Crimes of moral turpitude
4) Unchaste behavior
Misappropriation
Unauthorized use of P’s name, likeness, or identity for D’s advantage
Intrusion Upon Seclusion
Intrusion into private affairs that would be objectionable to a reasonable person
False Light
Published facts place false light and highly offensive to a reasonable person
Negligent Misrepresneation
1) False Info Provided
2) Result of Negligence
3) Course of D’s business
4) P justifiably relies
Intentional Interference with Contract
1) Valid K (Not for Prospective Economic Advantage)
2) D Knew
3) Intentional Interference
4) Damages
Larceny By Trick
1) Aquire Possession to
2) Property of Another
3) Through Fraud/Deceit
4) With Intent to Convert
False Pretenses
1) Aquire Title to
2) Property of Another
3) Through Reliance on a false representation of material fact
4) With intent to defraud
Embezzlement
1) Fraudulent
2) Conversion
3) Of property of another
4) By Someone in lawful possession
Forgery
1) Fraudulent
2) Making
3) Of a false Writing
4) With Apparent legal significance
5) With Intent to Defraud