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What types of promises are enforcible in court
Must be competent (not intoxicated, over 18), must receive consideration, need to have genuine assent, no fraud
An exaggerated, subjective statement of opinion
Puffing
recorded instrument that creates a lein on a property
mortgage
process of investigating and auditing a potential investment
Due Diligence
Final stage in a business transaction where money and title change hands
Closing
where creditors are barred from collecting debts for a time
automatic stay
Preferential payments (60 days) and fraud (6 years) can be _____ ____ by trustee
clawed back
State where employees are not required to join a Union for Employment.
Right to work states
Agency and the law that govern workplace safety
OSHA
Sexual harassment in the workplace that makes it uncomfortable
Hostile environment
No contract that govern employer and employee relationship
at will employment
the legal defense an employer has when they have a job requirement that intentionally excludes applicants based on a protected class.
Bone Fide Occupational Qualification
States that dont recognize a distinction between seperate and marital property
Kitchen sink states
non negotiable agreement, sticks to you
Adhesion contract
Example of expressed contract
A signed apartment lease (parties state the terms in writing or orally at the time of formation)
Example of quasi contract
Emergency Medical services for an unconscious person (an invisible contract the court applies to stop “unjust enrichment”)
Regular contract example
Routine car service (a legally binding agreement formed by the previous conduct of the parties)
Grounds for eviction from an apartment
nonpayment of rent, violation of lease terms, violations that damage the property or others, illegal activity
rent for a specific period of time
Tendency for years
Rent month to month
Periodic tendency
overstaying lease without permission
Tendency for duffrance
3 remedies available for tenants if landlord breaches the implied warranty of having habitability
repair and deduct, withhold rent, terminate the lease
types of debts not dischargeable in bankruptcy
child support/alimony, student loans, debts from fraud, debt from certain luxury goods, certain tax obligations
After meeting with creditors, trustee liquidates any non-exempt assets.
Chapter 7 bankruptcy
One files a petition and proposes a repayment plan to be approved by the courts which the debtor will make monthly payments to a trustee until the plan is fulfilled.
chapter 13 bankruptcy
Business reorganization: instead of the business operating for profit, the business operates for the creditors in its reorganization phase and considered debtors in possession
Chapter 11 bankruptcy
4 classes of persons that are protected from employment discrimination
race, religion, ethnicity, sex
describe what is separate and marital property
Sperate property is property that belongs to one spouse (property owned before marriage, gifts or inheritances received during marriage, personal injury rewards). Marital property is property shared between spouses (income from employment, purchases made during the marriage, retirement accounts and pensions)
describe how property is divided in as community property and equitable distribution states
community property states: any property acquired during marriage is combined and upon divorce is to be split 50/50. Equitable distribution states: upon divorce, property is divided in a way that is fair (may be 50/50 but often not)
grounds for marriage annulment
impairment at time of marriage, incest, bigamy, and inducive lies