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Liability
Responsibility for action and other debts
A contract may be
Express, at need, prefinanced, implied, quasi
Quasi- Contract is a….
Fictional contract applied by a court for a person who is unable to contract for himself
In the absence of agreement the law can create which Obligation?
Quasi-contract
What contract can courts invoke where unjust enrichment occurs?
Quasi Contract
Function of quasi contract
Raise obligation in law where the parties make no promise.
Estate
Property of a deceased person, both real and or personal
If pre need funded contract or insurance provision is absent, primary responsibility for payment should come from where?
The decendents estate
What are the limitations on claims for payment under insolvency?
Size of estate, status in life, local of ethnic customs, how reasonable the charges are, knowledge of descendents financial conditions
Preferred claim
Claim according a priority, advantage privilege
Highest preferred clain
Superior to all other claims, first claim to be paid.
General order of preferred claim
Federal, Estate taxes, probate expenses, funeral and last illness cost and general estate creditors
Secured claim
A debt supported by a pledge, mortgage or lien on asset
Common law may help determine
Who has liability
If preceed funded contract or insurance provision is absent primary responsibility for payment should come from what?
Decendents estate
If preceed funded contract or insurance provision is absent primary responsibility for payment should come from what?
Decendents estate