LEG 110 Final Exam Answers https://hwguiders.com/downloads/leg-110-final-exam-answers LEG 110 Final Exam Answers Part # 1 Question 1 Carl contracts to sell his house and lot to Winifred for $30,000. The terms of the contract call for Winifred to pay 5 percent of the purchase price as a deposit toward the purchase price, or a down payment. The terms further stipulate that should the buyer breach the contract, Carl will retain the money as damages. What type of damages does this agreement exemplify? Question 2 Two neighboring families, the As and the Bs, wish to enlarge their garages.
In 1956 Plaintiff voted to give $1,500 to Princeton University. Plaintiff instituted a declaratory judgment action after Defendant stockholders questioned the proposed gift. Although a state statute allows corporations to contribute to charities, Defendants assert that the corporation’s certificate of incorporation does not allow the gift, and the corporation was incorporated prior to the statute that authorizes the gift-giving. Issue. The issue is whether Plaintiff can donate money to a charity without authorization from stockholders or through the certificate of
Kenyon v. Abel Property: Common Law Doctrines In 2001 Rick Kenyon purchased a painting from the Salvation Army for $25, valued somewhere between $8,000 and $15,000. Claude Abel filed a litigation against Kenyon in hopes to regain ownership of the painting, which he claimed belonged to his aunt. Abel argued that the Salvation Army unknowingly took the painting from his aunt’s house when picking up boxes which were to be donated. Shortly after returning home to Idaho, Abel realized the box the painting was in was never delivered. Abel was then able to track the painting to Kenyon and file an action to retrieve ownership.
Should or does a landlord have an obligation to a tenant’s next of kin to inform them in the event of the tenant’s death and in a timely manner? Is the landlord liable for damages? In the case of Del Core v. Mohican Historic Housing these questions were asked of the Judicial District Court at New London in Connecticut. In this report, the facts, the courts involved and the law at issue, and the final ruling by the appellate court will be discussed. Del Core’s brother, Anthony Caruso, had been a tenant with Mohican for approximately three years until his death in July 2001.
Pregent engaged in a scheme to defraud TechFab’s creditors, bankruptcy trustee and the bankruptcy court by transferring certain TechFab assets, including equipment and ongoing business, to a newly formed company. Pregent arranged for that new company to pay compensation for TechFab’s assets directly to himself, then filed a Chapter 7 bankruptcy for TechFab to discharge its debts all while concealing the pre-bankruptcy transfer of assets and the agreement to pay compensation for those assets to Pregent. Furthermore, Pregent failed to disclose the transfers and compensation agreement in TechFab’s bankruptcy pleadings and during his testimony before a meeting of
Party2 didn’t believe that Party1‘s offer was genuine, because they had been drinking and signed on the back of a receipt. Party1 offered Party2 $5usd to show the authenticity of the contract, Party2 refused. The next day Party1 sold half interest to his brother to be able to afford the sale. When Party1 presented the money to Party2 and ask for the deed, Party2 refused to sell him the farm. Party1 then sued Party2 refusing to sell the farm for $50,000.
Rudd states that the family was required to leave the farm amidst financial difficulty between two to three weeks after the death, though the family of the landowner states that the Rudds didn't have to leave for almost six months. Rudd boarded at Marist College Ashgrove in Brisbane, although these years were not happy due to the indignity of poverty and reliance on charity; he was known to be a "charity case" due to his father's sudden death. He has since described the school as "tough, harsh, unforgiving, institutional Catholicism of the old school". Despite this he gained a batchelor’s degree in Asian studies at the Australian National University in Canberra Mr. Rudd and his wife Therese met at University and were married in 1981. They are the proud parents of Jessica who is married to Albert, Nicholas who is married to Zara, and Marcus.
What anarchy is this? That tract is in my bounds, it’s in my bounds Mr. Proctor. PROCTOR: In your bounds! Indicating Rebecca: I bought that tract from Goody Nurse’s husband five months ago. PUTNAM: He had no right to sell it.
| | | | | * Question 3 0 out of 2 points | | | You recently sold 100 shares of your new company, XYZ Corporation, to your brother at a family reunion. At the reunion your brother gave you a check for the stock and you gave your brother the stock certificates. Which of the following statements best describes this transaction?Answer | | | | | | | Correct Answer: | This is an example of a direct transfer of capital. | | | | | * Question 4 0 out of 2 points | | | Which of the following could explain why a business might choose to operate as a corporation rather than as a sole proprietorship or a partnership?Answer | | | | | | | Correct Answer: | Corporate shareholders escape liability for the firm's debts, but this factor may be offset by the tax disadvantages of the corporate form of organization. | | | | | * Question 5 2 out of 2 points | | | Money markets are markets forAnswer | | | | | | | Correct Answer: | Short-term debt securities.
Case Briefs By Janainna Bezerra Kaplan University Introduction to Legal Analysis and Writing March 29, 2011 Case 1 Donnelly v. Rees 141 Cal. 56, Cal. 1903. November 6, 1903 Facts: The sole heir of a deceased person may be set aside a deed secured from the deceased without thought of the defendants and their fraudulent practices of undue influence over the deceased. The deceased was known to be a drunkard for more than five years before completing the dead.