-
Requirements of Negotiable Instruments
- (1) Signed writing
- (2) Unconditional promise/order
- (3) To pay fixed amount
- (4) Payable to order/bearer
- (5) On demand
- (6) W/ no undertakings/instructions
-
HDC
- Good faith purchaser of an instrument (like a BFP)
- (1) For value
- (2) In good faith
- (3) W/o notice it's overdue/dishonored
- (4) W/o notice of unauthorized signature/alteration
- (5) W/o notice of any defenses against claim
-
Transfer Warranties for Negotiable Instruments
- (1) Transferor is entitled to enforce instrument
- (2) All sigs are authentic and authorized
- (3) No alterations
- (4) Not subj. to defense
- (5) No knowledge of any insolvency proceeding against maker
-
Presentment Warranties for Negotiable Instruments
- (1) Warrantor could enforce draft at time of transfer
- (2) No alterations
- (3) No knowledge that signature of drawer is unauthorized
-
HDC Defenses (Real Defenses)
- (1) Infancy, lack of legal capacity
- (2) Duress
- (3) Fraud
- (4) Illegality
- (4) Discharge in insolvency
IDFID
-
Mandatory Certificate Provisions for Entity Formation
- (1) Name of corp. (co.! llc! llp!)
- (2) Purpose
- (3) Duration
- (4) Address of registered office
- (5) Name of registered agent
- (6) Name/address of each organizer
- (7) Stock info (kind, authorized shares)
- (8) # of directors (if managed directors)
- (9) Name/address of directors
-
Optional Certificate Provisions for Entity Formation
- (1) Transfer restrictions on shares
- (2) Allowance of preemptive rights
- (3) Allowance of cumulative voting
-
Shareholder Rights
- 1. Elect/remove directors
- 2. Amend bylaws
- 3. Approve fundamental changes
-
Duty of Loyalty of Directors/Officers
- 1. Self-dealing with corp. must be approved
- 2. No usurping corp. opportunities
- 3. No competing w/ corp.
-
Rule 10b-5
No false/misleading statements in connection w/ purchase/sale of securities
- Elements:
- 1. Misrep. of material fact
- 2. Scienter/reckless as to truth
- 3. Causation
- 4. Reliance
- 5. Damages
-
Requirements for Will Validity
- 1. Capacity
- 2. Intent
- 3. Formation
-
Testamentary Capacity
- 18 (unless marries/armed forces);
- Of sound mind
-
Sound Mind for Testamentary Capacity
- 1. Persons the subject of his bounty
- 2. Understands nature/extent of property
- 3. Nature of document (testamentary instrument that distributes property at death)
PUN
-
Undue Influence upon Testator
- 1. Influence existed
- 2. Subverted Testator's mind
- 3. No will would have been made w/o the influence
-
Witnessed Will Formalities
- 1. Two competent witnesses
- 2. Signed somewhere on doc by Testator
-
Holographic Will Formalities
- 1. Material provisions are handwritten by testator
- 2. Signed somewhere on document
-
Types of Testamentary Distributions
- 1. Specific
- 2. Demonstrative (100,000 from sale of house)
- 3. General (100,000 from estate)
- 4. Residuary
- 5. Intestate
[FOR DEBTS: Go reverse order, personal then real]
-
Accommodation Doctrine
- 1. Use will substantially impair Existing surface use
- 2. MIO has ≥1 Reasonable alternative available
- 3. Alternatives are on leased tract
ERA
-
Matter of Law Surface Minerals
- 1. Gravel
- 2. Water
- 3. Building stone
- 4. Limestone
- 5. Iron
- 6. Near surface lignite
- 7. Caliche
- 8. Surface shale
- 9. Sand
GW BLINCSS
-
Surface Destruction Test
- - Pre-June 8, 1983:
- - Any method to get minerals that will destroy surface? Belongs to landowner (down to 200 ft.)
-
Ordinary and Natural Meaning test
- Substance a mineral w/in the ordinary and natural meaning of the word? Yes; goes to MIO (WITH accommodation doctrine AND compensation when getting “other minerals”; only compensate for named minerals if negligent)
-
Production Costs for O&G Leases
- 1. Labor and repair
- 2. Administrative expenses (related to lease at hand)
- 3. Royalty to landowner
- 4. Pumping expenses
LARP
-
Implied Covenants for O&G MIO
- 1. Protect against drainage
- 2. Reasonably develop
- 3. Manage and administer the lease (get best price)
-
Reasonable Expectation of Privacy
- 1. Subjective: ∆ shows he expected privacy
- 2. Objective: Society expects privacy for act/place in question
-
Warrant Requirement
- 1. Signed by neutral/detached magistrate
- 2. Probable cause
- 3. Describe person/thing/place to be searched w/ particularity
-
Specific Intent (SI) Crimes: BAFFLE PACK
- 1. Burglary
- 2. Assault
- 3. False pretenses
- 4. Forgery
- 5. Larceny
- 6. Embezzlement
- 7. Premeditated murder
- 8. Conspiracy/Solicitation
- 9. Kidnapping for Ransom
-
Murder
- (SI)
- 1. Unlawful killing of another w/ malice
- 2. Actus reas
- 3. Kill person other than yourself
-
Malice Types (in regard to Murder)
- 1. Purpose/intent
- 2. Knowledge conduct would cause death
- 3. Intent to inflict grievous harm w/o intent to kill
-
Depraved Heart Murder
- 1. D causes death of another
- 2. As result of extreme risk
- 3. That manifests wanton disregard for human life (reckless/gross neg. conduct creating extreme risk)
-
Felony Murder
- 1. Unintentional killing
- 2. Proximately caused (must be foreseeable)
- 3. During commission/attempt
- 4. Of a serious/inherently dangerous felony
-
Inherently Dangerous Felonies
- 1. Burglary
- 2. Arson
- 3. Rape
- 4. Robbery
- 5. Kidnapping
BARRK
-
Voluntary Manslaughter
- 1. Intentional killing
- 2. w/ adequate provocation
- 3. Lacking justification
-
Involuntary Manslaughter
- 1. Unintentional killing
- 2. Unjustifiable risk not extreme enough to rise to implied malice
-
Criminal Battery
- (GI)
- 1. Intentional/reckless/criminally negligent
- 2. Unlawful application of force to victim
-
Criminal Assault
Incomplete battery
-
Mayhem
- 1. Intent to maim or do bodily injury
- 2. Act that dismembered/disabled bodypart useful for fighting
-
Kidnapping
- 1. Force; to achieve
- 2. Unlawful Restraint; that makes victim
- 3. Leave the area (moving victim)
FURL
-
Rape
- 1. Carnal knowledge (pentration)
- 2. Of a woman (not needed)
- 3. Not the wife of the accused (not needed)
- 4. Against her will (his will, too)
Force: Look to objective ev. of lack of consent
-
Bigamy
- (GI)
- Marry more than one person; strict liability
-
Larceny
- (SI)
- 1. Trespassory taking
- 2. Carrying away property of another
- 3. With intent to permanently deprive
-
Embezzlement
- (SI)
- 1. Unlawful conversion; of the
- 2. Personal property of another;
- 3. Already in lawful possession
-
Robbery
- (SI)
- 1. Larceny
- 2. From person/presence of victim
- 3. With force (needs actual fear)
-
Larceny by Trick
- (SI)
- 1. ∆ gets possession but not title
- 2. By means of misrepresentation
- 3. He knows is false
-
False pretenses
- (SI)
- 1. False representation;
- 2. ∆ knows is false;
- 3. Causes victim to pass title to ∆;
- 4. ∆ Intends to defraud
-
Extortion
- (SI)
- [Blackmail]
- 1. Obtaining property of another
- 2. By use of threat of future harm to victim or his property
-
Receiving Stolen Property
- (SI)
- 1. Receiving stolen property
- 2. W/ knowledge it's stolen
- 3. W/ intent to permanently deprive
-
Forgery
- (SI)
- 1. Fraudulent making of false writing
- 2. W/ apparent legal significance; and
- 3. Intent to make wrongful use of document
-
Burglary
- (SI)
- 1. Breaking and entering (including by fraud/deception)
- 2. Dwelling house (modern: any structure) of another; with
- 3. Intent to commit a felony therein
-
Arson
- (GI)
- 1. Malicious act
- 2. That creates considerable risk; of
- 3. The burning of the dwelling of another (modern: doesn't have to be dwelling)
-
Solicitation
- (GI)
- 1. Encouraging another to commit an offense
- [Completed when solicitation is made; cannot w/draw]
-
Conspiracy
- (GI)
- 1. Agreement between ≥2 persons; with
- 2. Intent to agree to commit the unlawful act;
- 3. Modern: Overt act toward the end of the conspiracy
-
Attempt
- (SI)
- 1. Intent to bring about a criminal result
- 2. Significant overt act in furtherance thereof
-
Requirements for Valid Trust
- 1. Ascertainable beneficiaries
- 2. Mechanics
- 3. Proper purpose
- 4. Intent
- 5. IDable corpus
AMP II (Amp 2)
-
Trusttee Powers
- [Look to instrument first]
- 1. Resignation (w/ ct. permission)
- 2. Co-trustees (majority acts)
- 3. Delegation (nope)
- 4. Sell
- 5. Invest
- 6. Apportionment
- 7. Invade principal
-
Trustee's Duties
- 1. Make property productive (reasonably prudent investor)
- 2. Account
- 3. Defend
- 4. Collect/preserve/segregate trust property
- 5. Reasonably care and skill
- 6. Loyalty and good faith
MAD CaRL
-
Guardian Requirements
- 1. Adult
- 2. Competent
- 3. Good character
- 4. Not indebted or in lawsuit w/ ward
-
Guardians of Minors
- 1. Parents living together: Both natural guardiance: agree who is guardian of estate (if can't agree, ct. chooses)
- 2. One deceased parent: Survivor is natural and estate guardian (if incapacitated, ct. must appoint person in will unless not in ward's interest)
-
Guardians of Adults (first choice to last choice)
- 1. Designee
- 2. Spouse
- 3. Nearest relative in best interest of guardian
-
Duties of Guardian
- 1. Fiduciary
- 2. Of the person: Duty of care: Must provide food, shelter, and medical needs
- 3. Of the estate: Duty to manage estate as a reasonable person and prudent person would
-
Batter (Tort)
- (IT)
- 1. Intend;
- 2. To cause harmful/offensive contact
-
Assault (Tort)
- (IT)
- 1. Intent
- 2. To put π in reasonable apprehension (must be aware)
- 3. Of an imminent battery
-
False Imprisonment
- (IT)
- 1. Intent/recklessness
- 2. To confine π to a bounded area
- 3. Against π's will
- 4. π knows of confinement/injured thereby (regardless of knowledge)
-
IIED
- (IT)
- 1. Intent/recklessness
- 2. Extreme/outrageous conduct
- 3. Causation
- 4. Severe emotional distress
For 3d parties: Must have close relation to victim and ∆ must know you're watching
-
Trespass to Land
- (IT)
- 1. Intent
- 2. Enter/cause something to enter
- 3. π's land
-
Trespass to Chattels
- (IT)
- 1. Intent (to do the act, not necessarily to steal)
- 2. Interfere's w/ π's enjoyment
- 3. Of π's chattel
- 4. Harm to chattel
-
Conversion
- (IT)
- 1. Intent
- 2. Dominion and Control
- 3. Substantial interference
-
Defenses to Intentional Torts (IT)
POPCANS
- 1. Defense of Property
- 2. Defense of Others
- 3. Privilege
- 4. Consent
- 5. Assumption of risk
- 6. Necessity
- 7. Self-defense
-
Negligence
- 1. Duty
- 2. Breach
- 3. Causation (but-for and proximate)
-
NIED
- 1. ∆ engaged in negligent conduct
- 2. π suffers physical manifestations of ED
- 3. [Was in zone of danger]
-
Wrongful Conception
Healthy but unwanted child due to ∆'s negligence
-
Wrongful birth
- 1. Birth of child who isn't healthy
- 2. Doc. didn't diagnose kid w/ disorder so parents couldn't abort
-
Wrongful life
Injury is being born; courts don't really allow this
-
Status on Others' Land
- 1. Invitee: Open to public; gaining economic benefit
- 2. Licensee: Consent to be on land; no economic benefit
- 3. Known trespasser
- 4. Unknown trespasser
-
Duty to Invitees
Seek out dangers; warn of known dangers
-
Duty to Licensee
Warn of known, concealed dangers
-
Duty to Known Trespasser
Warn of known artificial conditions on land
-
Duty to Unknown Trespasser
None
-
Res Ipsa
- 1. Thing doesn't happen w/o neg.
- 2. ∆ has control over harm-causing instrumentality
- 3. π didn't contribute to occurrence
-
Neg. per se
- 1. π in class statute was designed to protect
- 2. Statute designed to protect against harm suffered by π
-
Agency
- 1. Mutual consent
- 2. That one acts for the benefit of another
- 3. Subject to the other's control
-
Vicarious Liability
- 1. Actor is Servant
- 2. Act occurred in scope of employment
-
Scope of Employment
- 1. Act of general nature as that authorized
- 2. Conduct subject to employer's control
- 3. W/in range of normal or expected risks of business
-
Types of Authority
- 1. Actual
- - Implied actual
- 2. Apparent (look to principal's representations to 3d party)
- 3. Estoppel
-
Partner Duties
- 1. Care
- 2. Loyalty
- 3. Good faith and fair dealing
-
Paying Debts on Winding Up
- 1. Creditors (look for Deep Rock)
- 2. Partners/s'holders
-
Events Requiring P'ship Winding Up:
- 1. Term over
- 2. Undertaking complete
- 3. Unanimous consent by all partners if during term
- 4. Majority consent if at will p'ship
- 5. P'ship purpose becomes illegal
-
Types of Goods
- 1. Consumer
- 2. Inventory
- 3. Farm products
- 4. Equipment
- 5. Fixtures
- 6. Accessions
- 7. Commingled
-
Types of Intangibles
- 1. Tangible intangibles (reduced to paper, the transfer of which results in transfer of intangible)
- 2. Intangible intangibles
-
Security Agreement Requirements
- 1. "Granting" language
- 2. Description of collateral
- 3. Authentication
-
Attachment
- 1. Rights to collateral
- 2. Agreement
- 3. Value given
- 4. Evidence of agreement
RAVE
-
Perfection Requirements
- 1. Attachment; and
- 2. Filing/possession/control
-
Financing Statement Requirements
- 1. Debtor/SP names
- 2. Collateral description (supergeneric OK)
- (Requires authorization, too, but the security agreement is usually the authorization for the financing statement, too)
-
Fixtures: Requirements for Perfection
- 1. Proper financing statement
- 2. Indication it covers fixtures
- 3. Filed in real property records of country
- 4. Further describes real property
-
Priorities conflicts
- 1. 2 unperf: first to attach
- 2. Perf v. Unperf: Perfected
- 3. Perf v. Perf: First to file or perfect
- 4. PMSIs prime all
- 5. Perf v. Lien creditor: Lien creditor primes if it has lien first; loses to PMSI
-
Exception to SI remaining in sold goods
- 1. BIOCOB
- 2. Garage sale rule
-
BIOCOB exception
- SP no longer has SI in inventory (buyer takes free) when:
- 1. Buyer purchases in good faith
- 2. W/o knowledge of violating the rights of another
- 3. In the OCoB of selling goods of that kind
-
Garage sale exceptions
- 1. Seller used good as consumer good
- 2. Buyer will use good as consumer good
- 3. Buyer pays value
- 4. W/o knowledge of SI
- 5. Before FS is filed
-
Notice Requirements for Selling Defaulted SI
- 1. Debtor/SP description
- 2. Collateral description
- 3. Method of disposition
- 4. Statement debtor can get accounting
- 5. Time/place of disposition
- 6. Time after which collateral will be sold
- [For consumer goods]
- 7. Description of liability for deficiency; and
- 8. Phone number debtor can call to get amt. reqiured to redeem
-
Automatic Stay Prevents
- 1. Lawsuits
- 2. Enforcement of jgmts by seizing assets
- 3. Acts to obtain prop. of estate
- 4. Acts to create, perfect, or make liens against prop. of estate or debtor
- 5. Acts to recover claim (no calls, letters, etc.)
- [Exceptions]
- 1. Criminal and domestic actions are allowed
- 2. Gov't acts to enforce police/reg powers
- 3. Acts done to perfect prop. w/in applicable grace period (e.g., 20 days) or maintain perfection
-
Discharge from Bankruptcy won't cover
- 1. Back taxes
- 2. Debt of obtained by fraud (imputed if bought luxury good >$550 and files w/in 90 days)
- 3. Extension of consumer credit w/in 70 days of bankruptchy if >$825
- 4. Debts incurred while acting as a fiduciary
- 5. Not listing debts in time to allow creditors to make claim
- 6. Debts for domestic support
- 7. Debts from tort commission
- 8. Student loans
-
Homestead Exemptions
- 1. Urban: ≤10 acres
- 2. Rural: [Single] ≤100 acres; [Family] ≤200 acres
- 3. Personal property (like home furnishings, two guns, farming vehicles, etc.) worth up to $30K [single]/$60K [family]
-
Types of Waste in Real Property
- 1. Voluntary
- 2. Permissive
- 3. Ameliorative
-
Types of Restraints on Alienation
- 1. Total (Fee: Not valid; <Fee: Okay if reasonable)
- 2. Partial (Valid if reasonable)
-
Statute of Frauds
- 1. Marriage
- 2. Year (one)
- 3. Land
- 4. Executor (Dead Man's statute)
- 5. Guarantor/Surety
- 6. Sale of Goods >$500
-
RAPplcation
- 1. Contingent remainder/Class gifts
- 2. Offers to purchase (fee options)
- 3. Powers of Appointment
- 4. Executory interests
- 5. Right of first refusal
-
RAP approach
- 1. RAP applies? COPER
- 2. Some way someone can claim interest >21 years after everyone currently alive is dead?
- Yes: Strike future interest
- No: Interest will stand
-
TiC Creation
- 1. No special words needed
- 2. One unity: Possession
-
JT Creation
- 1. Time
- 2. Title
- 3. Interest
- 4. Possession
TTIP
[Gives survivorship rights; title theory of mortgages and inter vivos transfers severs to TiC]
-
Tenancy by the Entirety
- TTIP
- (5) Unity of Person (spouse can unilaterally do something w/o consent of spouse)
-
Rights/Duties of Co-Tenants (co-T)
- 1. Profits produced by one co-T's efforts: No sharing needed unless ousted
- 2. Profits produced by 3d party on prop: All co-T's entitled to equal shares
- 3. Taxes: Each co-T must pay his proportionate share
- 4. Repair [Maj.]: NONE, but can get set off from 3d party rents
- 5. Repair [TEX]: Co-T can get contribution jointly-owned property
- 6. Improvements: No duty; if prop. sold, improving co-T gets amt. attributed to how muc improvement increased value
-
Adverse Possession
- 1. Adverse
- 2. Hostile
- 3. Open and Notorious
- 4. Exclusive
- 5. Continuously for the statutory period
AHONEC
-
Texas AP Statutory Period
- 1. 3: Color of title
- 2. 5: Cultivating/using/enjoying property under deed and pays taxes
- 3. 10: Cultivates/uses/enjoys prop.
- 4. 25: De facto AP, even if tolled because of infancy or disability
-
SoF exception: Part performance requirements
- 1. Payment of all/part of purchase price
- 2. In possession
- 3. Made substantial improvements to land
-
Marketable Title Defects
- 1. Mortgage
- 2. Easement/Covenant
- 3. Title of AP until quieted title
- 4. Existing conditions that violate zoning
METEs and bounds
-
Covenants of Title
- [Present; don't run with land; SoL tolls at closing]
- 1. Seisin: Grantor promises he owns prop.
- 2. Right to Convey: Grantor promises he can convey
- 3. Against encumbrances: No undisclosed encumbrances
- [Future; run w/ land; SoL tolls after being evicted by 3d party]
- 4. Quiet enjoyment: No 3d party will assert valid superior claim
- 5. Warranty: Grantor will defend against valid 3d party claim
- 6. Further assurances: Grantor will do what's needed to perfect title
-
Requirements of Valid Deed
- 1. Description of property
- 2. Intent to make present transfer
- 3. Party identification
- 4. Signature of grantor
DIPS
-
Valid Deed Delivery
- 1. Grantor has intent to transfer prop.
- 2. Either:
- - Gives deed to grantee (rebut. presump. of delivery
- - Retains it (rebut. presump. of non-delivery)
- - Gives to agent (3d party) in escrow; agent gives deed to grantee eventually
-
Recording Types
- 1. Race: First to record
- 2. Notice: TEXAS: BFP w/o notice of prior interest (actual, constructive, or inquiry notice)
- 3. Race-Notice: BFP recording before prior interest
-
Mortgage Theories
- 1. Lien theory
- 2. Title theory (severs JTs)
-
Mortgage Transfer Types
- 1. Subject to
- 2. Assumption
-
Types of Easements
- 1. Express
- 2. Prescriptive (TEXAS: 10 years of AP)
- 3. Implied (land came from common ownership)
- 4. Necessity (land came from common ownership)
- 5. Estoppel
- 6. Public use
-
Real Covenant Requirement
- 1. Privity
- 2. Intent
- 3. Notice
- 4. Touches and concerns land
PINT
-
Equitable Servitude
- 1. Touches and concerns land
- 2. Intent
- 3. Notice
-
Implied Reciprocal Servitude Requirements
- 1. Negative restriction
- 2. Part of common plan or scheme
- 3. Current servient estate owner must take estate w/o some notice of restriction
-
Nuisance
Unreasonable interference w/ someone else's enjoyment of their land (modern: coming to nuisance is only factor in whether nuisance is actionable)
-
Support Rights
- 1. Lateral: Absolute right to support unimproved land; if land would have subsided w/o developments, strict liability; if not, negligence)
- 2. Subjacent: Absolute; strict liability
REMEMBER: Mineral estate is dominant
-
Type of Tenancies
- 1. Years (definite beginning and end)
- 2. Periodic (set beginning; continues till termination; notice = 1 rental period of time, not to exceed 6 mos)
- 3. At will (over when either party decides; no notice)
- 4. Sufferance (doesn't move out at end)
-
LL requirements to deliver rental property
- 1. American: Just access; new tenant in charge of evicting holdovers
- 2. English: Must deliver possession (TEXAS)
-
Constructive Eviction
- 1. Substantial interference w/ use and enjoyment of prop.
- 2. Tenant actually leaves
- 3. W/in reasonable time
[Results in defense of payment of all rent or abatement (for interfering w/ only a part of the land]
-
LL warranties
1. Habitability: LL must keep premises habitable
-
Tenant Duties in LL/Tenant
1. Avoid waste
-
Tenant Transfer of LL's property
- 1. Assignment: Tenant gives all his rights; creates privity of estate w/ LL
- 2. Sublease: Tenant gives some rights; no privity of estate w/ LL
[Restrictions are allowed, but narrowly construed; Dumpor's Case says that if LL impliedly/explicitly waives restriction, it's waived until LL resurrects]
-
Insanity Burden: Federal
C&C
-
Insanity Burden: State
- Split:
- MPC: Preponderance;
- State must prove sanity beyond a reasonable doubt
-
Fixture: Defined
- Attached to real estate;
- Adapted to the use of the real estate; and
- Intended to be a permanent attachment to the real estate
-
Conflicting dates between typed and handwritten dates on a negotiable instrument; is date still ascertainable?
Yes. The TX UCC states that the date for calculating the demand period is the handwritten date.
-
Doctrine of Avoidable Consequences
- Tort theory;
- Taking all reasonable steps to limit the adverse consequences of an accident;
- Must occur after the tort, failure to do so before the tort = comparative negligence
-
Under the Statute of Frauds, a contract to sell goods priced at $500 or more must be in writing. However, an oral contract for such sale is enforceable to the extent that . . .
The goods have been received and accepted.
-
SoF Exception: If goods are of special manufacture and not suitable for resale in the ordinary course of the seller's business, and _______________________________________ an oral contract for such goods will be enforced.
the seller has made a substantial beginning in their manufacture
-
Duty to Invitee: Is delegation of maintenance and upkeep of facilities to an IC allowed?
Yes, but the *responsibility* for the IC's negligence in upkeep cannot be delegated.
E.g., Mall gets IC to upkeep carousel. IC doesn't put a cover back in place. Girl falls and her arm enters gearbox that should have been covered. Mall is responsible for IC's negligence.
-
Is strict liability available for real estate?
Yes, against sellers of mass-manufactured new homes (but there's a split as to whether the entity to which they convey the home, who then conveys to a consumer, is liable, too).
-
Intrusion upon seclusion
- A form of invasion of privacy that occurs when: ∆ unreasonably intrudes into a
- π's right to physical solitude; or
- to the π privacy of personal affairs or concerns.
-
Filing not effective to perfect:
- Deposit acct (control)
- Letter-of-credit right (control)
- Money (possession only)
-
Are PMSI's available for consumer goods that are subject to a certificate of title statute?
No.
-
Are PMSI's available for consumer goods that become fixtures?
Nope.
-
Order of Collection on Defaulted SI debt
- Reasonable expenses of collection and enforcement;
- Satisfaction of SP;
- Satisfaction of subordinate SPs;
- Surplus to debtor––deficiency against debtor
-
UCC Statute of Frauds: Writing requirement
- indicates a contract for the sale of goods has been formed,
- identifies the parties, and
- indicates the quantity of goods involved.
-
Associational Standing
- Members of association would have standing;
- The suit is germane to the purpose of the association; and
- The participation of members in the suit is not required
-
A hires B to install 4 cabinets for $4000. B installs 3 cabinets. A sends B a check for $3000, conspicuously writing "payment in full." B cashes check. Accord and satisfaction?
Yep.
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