mee_civ_pro_copy_20190711104647 Flashcards
Ceremonial Marriage requires
License, Capacity, and Solemnization (ceremony)
Common-law marriage requires
Agreement they are married, cohabitation, and holding themselves out as married.
Marriages are void for what three things?
Prior existing marriages, Incest, and mental incapacity at the time of marriage
Marriages are voidable for?
Age, impotence, intoxication, fraud, duress, or lack of intent
Are children of an anulled marriage considered marital children?
Yes
Putative marriage doctrine allows what?
A party of a ceremonial marriage who believed in good faith that the marriage is valid to use a state’s divorce provisions if the marriage is later found to be void
What are the seven grounds for at fault divorce?
Adultery, cruelty, desertion, habitual drunkenness, bigamy, imprisonment, institutionalization for insanity
What defenses are available to at fault divorce?
Many: recrimination, unclean hands, connivance, condonation, collusion, provocation, insanity, consent, justification, religion
Nonmarital property includes?
Property acquired before the marriage, property excluded by the parties valid agreement, property acquired by gift or inheritance, and awards or settlements for causes of action accruing before the marriage
What types of alimony (spousal maintenance) are there?
Lump sum, permanent (long marriage), limited duration (short marriage), rehabilitative (improve earning capcity), reimbursement (rarely granted).
Can visitation rights be denied for nonpayment of child support?
No
Can nonmarital children inherit from their father’s estate?
Yes, if paternity was proven prior to the fathers death, the father adopted the child, the father holds himself out as the father
A husband can be estopped from denying his obligation to pay child support for his wife’s non-biological child when?
There is a representation that he would provide, the wife relied on this representation, and the wife would suffer economic detriment if he did not.
Courts have personal jurisdiction over out of state parents for child support by?
The long-arm provision of the Uniform Interstate Family Support Act
What does a child receive under the income-shares model?
The same proportion of parental income as if the parties continued to live togeter
When can child support be modified?
There is a substantial change in circumstances
When can child support be terminated?
Emancipation, child marries, or death
What courts have jurisdiction to modify child support?
The court that rendered the order if that court has continuing jurisdiction, otherwise a state where there is a significant connection.
Under the Uniform Child Custody Jurisdiction and Enforcement Act, what courts have jurisdiction to enter, modify custody or visitation orders?
Home state first, significant connection, default jurisdiction.
What is the standard for determining child custody?
Best interest and welfare of the child.
When does an unwed biological father have a right to contact with his child?
When he demonstrates a commitment to the responsibilities of parenthood
When can a parents religious beliefs be overriden by a court for medical care?
When necessary to prevent serious harm to the child
What can a separation agreement define?
Property divsion, spousal support, child support, custody, and visitation
Premarital agreements are enforceable if?
There is full disclosure of finances, the agreement is fair and reasonable, and the agreement is voluntary. (also in writing and signed by party to be charged)
Are provisions of a premarital agreement preventing modification of child support enforceable?
No
Are provisions of a premarital agreement preventing modification of property rights and spousal support enforceable?
Yes
Under the adoption and Safe Families Act, when can a state move to terminate parental rights?
When the child has been outside of the home and not with a relative for 15 of the past 22 months and reunification attempts have been provided
What courts have jurisdiction for divorce and alimony?
Ones with personal and subject matter jx
The state may intervene and terminate parental rights when…
it is in the best interests of the child. Grounds for termination include failure to support.
What are the factors in equitable distribution
Some of the relevant factors in this case include the length of the marriage, the age, health, earning potential, and needs of both spouses, the value of separate property, the spouses’ standard of living, and economic circumstances of each spouse at the time of divorce.
When is a PMA enforceable
In many states, a premarital agreement is enforceable if there has been full disclosure, the agreement is fair and reasonable, and it is voluntary. However, under the UPAA, which applies here, the party against whom enforcement is sought must prove (1) involuntariness or (2) both unconscionability at the time of execution and lack of disclosure and adequate knowledge of the other’s assets and obligations.
Is appreciation during the marriage of nonmarital property subject to equitable distribution?
Whether the appreciation in nonmarital property will be subject to equitable distribution will depend on whether the appreciation can be attributable to spousal labor.
The court will generally enforce separation agreements unless
it is unconscionable (substantively, but procedural indicates substantive(i think) or based on fraud.
A court has subject matter jurisdiction to preside over custody hearings and either enter or modify custody or visitation orders if the state is:
(i) the child’shome stateand has been the home state for a period ofsix months; or (ii) was the child’s home state in thepast six monthsand the child is absent from the state,but one of the parents (or guardians) continues to live in the state.
A court can enter or modify an order if
(i)no other statehas or accepts home state jurisdiction, (ii) the child and at least one parent have asignificant connectionwith the state,and(iii) there issubstantial evidencein the state concerning the child’s care, protection, training and personal relationships.
The Supreme Court has held that a fit parent has a fundamental right to
the care, custody, and control of his children and state courts must give “special weight” to a fit parent’s decisions on care, custody, and control.
Separation agreements can be invalidated, in whole or in part, if the court makes a finding of
fraud or unconscionability
Who is liable for pre-incorporation transactions?
Promoters (they are fiduciaries) unless a later novation.
The articles of incorporation must include
the name, the agents, names and addresses of incorporates, duration, the purpose (usually any lawful activity) and authorized shares
When is the corporation incorporated?
When the secretary of state accepts the fee and files the articles
If by laws and articles of incorporation conflict, which wins?
Articles
What is the de facto corporation rule?
When a corporation isnt properly formed but acts as a corp, it will be treated as a corp if there was a good faith attempt to incorporate and there was no actual knowledge of the faulty corporate status.
What are the three factors to pierce the veil?
Alter ego, undercapitilization, and fraud
What are issued shares?
Number of authorized shares actually sold
What are outstanding shares?
Shares that were once issued and remain in the possession of shareholders
What are treasury shares?
Shares one issued but subsequently reacquired by the corporation
Par value is?
The minimum value to sell a share at (it is not required)
Watered stock is?
Stock sold for less than the par value. Shareholders who buy watered stock are liable to creditors of the corp.
How long is a stock subscription irrevocable for pre incorporation?
six months
Preemptive rights allow what
The person to maintain their percentage of ownership when new shares issue
Who can authorize dividends?
Directors unless would cause insolvency
Must every corp hold an annual meeting?
Yes.
Special meetings are for?
Voting on fundamental changes
Notice for meetings must occur?
no fewer than 10 days and no more than 60 days before the meeting
Directors must set a record date when?
no fewer than 10 days before the meeting and no more than 70 days before the meeting
A proxy must be?
In writing, signed by the shareholder as of the record date, sent to the secretary, state that it authorizes another to vote, and cannot be valid for more than 11 mos
Quorum of shareholders is?
A majority of the outstanding shares, not shareholders
Necessary vote of shareholders is?
When more of the votes of a shareholder quorum for the proposal exceed the votes against
Shareholders can inspect corp records so long as they?
State a proper purpose
Shareholders can sue
Directly or derivatively (on behalf of the corp)
Derivative law suits require
Claim made in corp name, contemporaneous stock ownership, was a shareholder at time of harm, fairly represents interests of the corp, and made a demand to board unless it would have been futile
A controlling shareholder may owe a duty to a minority shareholder if
There is sale of stock to an outsider or lotter, the shareholder is transacting with the corporation
For directors, a quorum is
A majority of the total number of directors
Directors may dissent and avoid liability by
Entering dissent in minutes of the meeting, filing a written dissent before the meeting adjourns, or provide a written dissent to the secretary
Directors and officers owe what to the corporation?
A fiduciary duty of care (duty of care and duty of loyalty)
The business judgment rule is?
Absent fraud, illegality or self dealing, courts will not disturb good-faith business decisions
A self-interested transaction may be upheld if?
It is ratified by a majority of disinterested directors or shareholders.
Fundamental changes require approval of?
Both shareholders and directors
Merger is
when two or more corps combine and one survives assuming the assets and liabilities of the others
Consolidation is
the combination of two or more corps when neither survives and a new one is created assuming the assets and liabilities
Involuntary dissolution can occur by?
Creditors showing a corp is not paying its debts, shareholders show the corp is wasting assets, the directors are committing fraud, or the directors and shareholders deadlock.
Appraisal rights are?
When a shareholder dissents from a fundamental change he can demand his shares to be purchased by the corp for FMV.
LLCs require filing ___ and its owners are called ____ instead of shareholders?
An operating agreement; Members.
When members agree to voluntarily dissolve an (LLC) entity, the entity must … (2 things)
Wind up its affairs and liquidate its business. Only after the entity’s debts and obligations to creditors have been paid may the members receive a portion of the liquidated value of the LLC.
What notice is required for a special meeting?
Unless the articles of incorporation or bylaws provide otherwise, notice must be provided at least two days prior to the meeting and should state the date, time, and place of the meeting. The notice need not describe the purpose of the special meeting.
Is telephonic attendence at a board meeting sufficient for a quorum?
Yes, but only if everyone can hear everyone else
What are goods?
Movable tangible property
What are rights to payment?
Instruments, chattel paper, accounts, payment intangibles
What is attachment?
An arrangement linking a debt to collateral, upon attachment interest becomes enforceable.Requires value given, the debtor to have rights, and either a security agreement or possession/control
What is required in a security agreement?
Identify collateral, shows inten tof debtor to be bound, and is in a tangible medium
Accessions are?
Goods that are united with another good but are identifiable. The security interest continuous in the accession.
Commingled goods are?
A good that is united but the identity of the good is lost. The security interest transfers to the larger good.
Proceeds are?
Whatever is exchanged for the collateral. The security interest in the collateral attaches to the proceeds automatically.
Perfection can occur by?
Filing, possession/control, automatic perfection, or alternate perfection systems (like for car registration)
Filing a financing statement can perfect all interests except those in?
Deposit accounts, cars, money, and letters of credit
Where must a financing statement be filed to perfect an interest?
For everything except interests in real property, filing is in the central filing office where the DEBTOR is located. This is the state of incorporation for a corporation or the principal residence of individuals. For real property interests, it is filed in the county where toe property is located.
Financing statements require what information to perfect an interest?
The names of the parties, the description of the collateral and if it is for real property, name of the record owner and describe the property.
What information is non essential to perfect but will cause the financing statement to be refused at the office?
Addresses of the parties and an indication of whether the debtor is an individual or a corporation.
A mistake in a financing statement will only affect perfection if it is?
Seriously misleading.
Financing statements lapse after ___ years but may be continued within ___ months before lapsing.
Five, Six.
A security interest in money can only be perfected by?
Possession
Interests in deposit accounts and letter of credit rights can only be perfected by?
Control
A PMSI in ____ will automatically perfect.
Consumer goods.
Priority between Perfected int v. perfected int? (Non-PMSI)
First in time to file OR perfect
Priority between perfected v unperfected? (Non-PMSI)
Perfected wins
Priority between two unperfected? (Non-PMSI)
first to attach or become effective
Perfected v Lien creditor?
Perfected wins
Unperfected v lien creditor?
Lien creditor wins unless the secured party has already filed a financing statement, the debtor has authenticated the security agreement, and the secured party hasnt given value yet.
Sec int v statutory lien
Statutory lien wins if the lien 1) is effective based on possession of the goods, and the lien is for payment or performance of an obligation furnished in the ordinary course of business.
Sec party v sec party over future advances?
First to file or perfect
A buyer takes subject to a perfected security interest unless?
The secured party authorizes the sale is free and clear, the buyer is in the ordinary course of business, or it is a consumer to consumer buyer.
What is a buyer in the ordinary course of business?
A buyer who buys goods from a merchant, in the ordinary course of that business, in good faith and without notice of the security interest.
What is a consumer to consumer buyer?
Buyer buys consumer goods, for their own consumer use, froma consumer seller, without knowledge of the security interest. (This does not apply if there is a financing statement covering the goods).
A buyer takes subject to an unperfected interest unless?
The buyer gives value, receives the collateral, and doesnt know of the interest.
PMSI v lien creditors
Same as usual, if perfected PMSI if unperfected lien creditors, but a 20 day grace period to perfect where the interest is considered perfected.
PMSI v sec interests
PMSI in goods other than inventory take priority over all other interests no matter whne perfected if perfected within 20 days (otherwise its first in time to file or perfect).
PMSI in inventory has priority over all other interests in that inventory when?
If the PMSI is perfected before delivery and the holder sends an authenticated notification to the other secured parties.
PMSI v PMSI
Seller beats lender, otherwise apply the first to file or perfect rule.
Are leases never governed by UCC art 9?
No, only true leases. Look to whether the “lease” is actually a secured transaction.
How are proceeds distributed after disposition?
1) reasonable expenses for collection/enforcement, 2)pay the debt to the foreclosing party, 3)pay subordinate interest if there is a formal demand, 4) return the surplus to the debtor. Senior security interests survive in the collateral!.
PMSI in inventory or livestock prevails over all other security interests in the same collateral, even if they were previously perfected, if: (2 things)
(i) the PMSI is perfected by the time the debtor receives possession of the collateral; and (ii) the purchase-money secured party sends an authenticated notification of the PMSI to the holder of any conflicting security interest before the debtor receives possession of the collateral.
A secured party that has a security interest in collateral also has a security interest in
any identifiable proceeds of the collateral, including whatever is acquired upon the lease of collateral. A lease of specific goods plus a related monetary obligation constitute chattel paper.
A secured party can perfect a security interest by (4 things)
(i) filing a financing statement; (ii) possessing the collateral; (iii) controlling the collateral; or (iv) perfecting automatically. Clockwork did none of these, so its security interest in the clocks is not perfected.
A buyer of collateral subject to a perfected security interest generally takes the collateral subject to that interest, unless …
the secured party has authorized its sale free of the security interest.
Under UCC 9, to be enforceable against a debtor (3 things)
(1) the secured party must give value, (2) the debtor must have rights in the collateral, and (3) the debtor must have signed a security agreement that describes the collateral or else the secured party retains possession or control of the collateral.
A purchase-money security interest (PMSI) in consumer goods is perfected when?
automatically upon attachment
Under UCC 9, upon a debtor’s default, a secured party may leave equipment collateral in place and render it unusable, as long as doing so is not a breach of the peace. T/F?
T
Goods are considered equipment as long as they are not
inventory, farm products, or consumer goods.
To change domicile a person must?
Abandon previous domicile, establish a physical presence in new domicile, and show an intent for an indefinite time to stay
A corporation is domiciled where?
In its state of incorporation
What are the 3 approaches to choice of law?
Vested rights, governmental interest analysis, and most significant relationship
What is the vested rights approach?
The law of the place where the legal right vested is applied, that is where the last act takes place necessary to give rise to the cause of action.
What is the government interest analysis?
A law applies if it would promote the policies and purposes of the law. First determine if there is a false (only one state interested) or a true (both states are interested) conflict. If false, apply the law of the interested state, if true, then apply the law of the forum state.
When is a state interested in applying conduct-regulating laws?
When the wrongful conduct is within their territory or when a state domiciliary is injured anywhere.
When is a state interested in applying loss-shifting laws?
When doing so would benefit a state domiciliary.
What is the most significant relationship test?
Apply the law of that state that has the most significant relationship, consider if application furthers the policies of the states, systemic interests such as predictability and simplicity, and whether justified expectations of the parties will be protected. If unclear which has a more significant interest, apply the law of the forum state.