Preclusion Flashcards

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1
Q

3 requirements for claim preclusion

A

1) There must have been Final Judgement on merits
2) Second suit is between same parties
3) Relitigation of sufficiently identical claim or action

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2
Q

Installment sales

A

Can always sue for a later owed debt again because you cannot sue for a debt until it is due

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3
Q

3 requirements for issue preclusion

A

1) Same issue of facts must arise in two suits

2) The issue was actually and necessarily decided in the first suit by a valid and binding judgment (default judgement does not count)

3) The party to be precluded must have been a party to the first suit

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