mortuary law and business law
a person below the adult age is a legatee a devisee a semi-adult a minor
a minor
a process may be referred to as a warrant a summons a verdict an appeal
a summons
a proportional reduction of a legacy when the funds or assets out of which such legacy are payable are not sufficient to pay it in full is ademption codicil probate abatement
abatement
when a dead human body is in the mortuary, the funeral home is said to have actual custody constructive custody present custody contract of custody
actual custody
orders and decrees from gov agencies which have the force of law is considered statutory law criminal law civil law administrative law
administrative law
a federal court of appeals is a trail court an appellate court a probate court a superior court
an appellate court
a permanent order, issued by a court, forbidding activities which would be detrimental to others is a restraining order an injunction a statute a writ of habeus corpus
an injunction
an expressed willingness from a person to enter into a contractual agreement is an invitation to bid a quasi contract a written agreement an offer
an offer
when a FD has the personal effects of a dead human body in his possession, he is properly termed a bailee bailor custodian consignee
bailee
the right to declare dividends upon the discretion of the promoter stockholders board of directors shareholders
board of directors
the doctrine of stare decisis is concerned with sits torts criminals case law
case law
a draft drawn on a bank and payable on demand is a promissory note debenture certificate of deposit check
check
the ones having the primary right to control final disposition of a deaceased person is brothers and sisters grandparents children of legal age parent
children of legal age
an addition or modification of a will is known as a gift letters testamentary deed codicil
codicil
customs which have come to be recognized by the courts law describes constitutional law case law common law criminal law
common law
whatever the promisor demands and receives as the price for his promise is called consideration forbearance disaffirmance ratification
consideration
common law is based on customs legacies written law trust
customs
the election to void a contract is called ratification usury disaffirmance forbearance
disaffirmance
what is right and just refers to judicial admission equity deprivation superior
equity
a personal rep of the decedent appointed in the will to carry out the provisions of the will is called devisee administrator executor surrogate
executor
perjury is silence false testimony duress undue influence
false testimony
a term involving a relation of trust or confidence fiduciary fraud bailment usury
fiduciary
a contact under seal is called simple executed executory formal
formal
one who induces another to enter into a contract as a result of an intentionally or recklessly false statement of a material fact is guilty of fraud duress unjust enrichment undue influence
fraud
a newspaper advertisement can be an offer if it shows mutual agreement the price intent markup
intent
when a person dies without a will, he is said to die testate intestate executor administrator
intestate
a contract made with who would be considered void intoxicated person minor adult judicially declared insane person
judicially declared insane person
rules of civil conduct commanding what is right and prohibiting what is wrong defines civil law business law tort law law
law
written instruments drawn in special form, which can be transferred from person to person as a substitute for money or as instruments of credit, are called negotiable instruments bailments fungibles contracts
negotiable instruments
laws passed by local govs are ordinances statutes torts unenforceable
ordinances
all physical items that are not real property are classified as personal property perpetual property short property general property
personal property
you receive an offer in the mail containing no stipulations as the acceptance, and you decide to return your acceptance by mail. the agreement is complete when the acceptance is received by the offeree placed in the mail by offeree received by the offeree never complete, must be an oral acceptance
placed in the mail by the offeree
the party who institutes a court action is the administrator bailor plaintiff defendant
plaintiff
the filling and proving of the will following death is called lawsuit accounting probate specific performance
probate
an unconditional written promise made by one person to another, signed by the maker, engaging to pay on demand or at a fixed future time, a sum certain in money to order or to bearer is a draft check promissory note certificate of deposit
promissory note
anything that may be owned, possessed, used, or disposed of for a price is called slander property estoppel usury
property
a restatement of one's willingness to be bound by his promises made during minority is called ratification usury disaffirmance forbearance
ratification
land, timber, minerals, buildings, and other man made property permanently attached to land are called real property personal property tangible personal property intangible personal property
real property
to cancel or annul or avoid a contract is to validate execute an option rescind recall
rescind
the highest court of a state is the court of appeals state supreme court superior court court of original general jurisdiction
state supreme court
laws enacted by legislative bodies are statutes injunctions ordinances constitutions
statutes
does not render an agreement defective identity of the subject matter identity of the party or parties terms of the contract existence of the subject matter
terms of the contract
in the state court, the chief officer is the marshall the bailff the clerk of the court the judge
the judge
the court having sole jurisdiction over estates is the magistrates court the justice of the peace the county court at law the probate court
the probate court
in the field of business law, the most important statute is the uniform commercial code the business code of ethics the federal tort claims act common law
the uniform commercial code
a pvt or civil wrong, either international or caused by negligence, for which there may be action for damages is fraud tort unjust enrichment undue influence
tort
when the duty of care that motorist owes another motorists and pedestrians is breached and results in injury or damage to another, that motorist has committed a tort felony criminal act misdemeanor
tort
the law whose purpose is to compensate the aggrieved, not to punish the wrongdoer is business law tort law criminal law state law
tort law
any rate of interest above the max rate allowable by law is said to to be fiduciary usurious undulant duress
usurious
a contract which is enforceable by the court is voidable formal valid void
valid
the decisions of a jury is the warrant summons judgement verdict
verdict
a written disposition of property, real or personal, to take effect at the death of an individual is called a will lease deed promissory note
will
a document which defines the relationships of the gov itself and of its citizens is the uniform commercial code civil law common law a constitution
a constitution
a temporary order forbidding a certain action is a statute a restraining order an injunction a writ of habeus corpus
a restraining order
a court of original general jurisdiction is an original court a supreme court an appellate court a trial court
a trail court
a person appointed by the court to oversee the estate of an intestate is called heir executor legatee administrator
administrator
the means whereby one party conveys his rights in a contract to another who is not a party to the original contract is called assignment bill of sale a contract of agency novation
assignment
law which is concerned primarily with those rules of conduct involving financial transactions between individuals or legal entities is business law criminal law tort law martial law
business law
an association of individuals united for a common purpose and permitted by law to use a common name and to change its members without dissolution of the association is cooperative corporation proprietorship partnership
corporation
when a FD has a dead human body in his care, he is properly termed a bailee bailor custodian consignee
custodian
the profits of a corp belong to the corp until set aside by the directors for distribution drafts patents dividends deeds
dividends
common law developed in england egypt bulgaria mexico
england
a corporation has a distinct existence separate and apart from the existence of its individual members which is known as fiduciary annuity proprietary entity
entity
a contract in which the terms have not been fully performed by all the parties is said to be executory executed void voidable
executory
when one promises to refrain from doing something, his conduct is known as consideration forbearance disaffirmance ratification
forbearance
a will written entirely by the testator with his own hand is properly termed a regular will holographic will testate will noncupative
holographic will
the substitution of a new party for the original party who is to perform is called assignment replacement a contract of agency novation
novation
to read the charge of an indictment is to annul to assualt to set bond to arraign
to arraign
a contract made by a person who is intoxicated, but aware of the consequences of his/her actions is valid void voidable unenforceable
valid
the condition of an estate of a deceased person which is unable to pay the debts of the decedent and/or the estate is referred to as being solvent estate intestacy per stirpes intestacy per capita insolvent estate
insolvent estate
the laws of city councils are called statutes ordinances torts constitutions
ordinances
personal property which can be seen and touched is real property personal property tangible personal property intangible personal property
tangible personal property
a formal written command issued by a court of law a writ a warranty deed a note payable a will
a writ
the extinction or withdrawal of a legacy by an act equivalent to revocation is called ademption probate abatement intestacy
ademption
laws that are designed to protect or prevent any individual from controlling a large share of a market or products are consumer protection laws anti-trust laws production controls laws nader laws
anti trust laws
the right to sue the federal government is derived from the clayton act the robinson-patman act the federal claim act the federal trade commission act
the federal claims act
a contract in which undue influence was proven is considered valid void voidable express
voidable
a contract made by an insane person who has not been declared so judicially is valid void voidable unenforceable
voidable
the failure to volunteer or reveal info not requested is termed default complaint concealment
concealment
the max amount of interest that may be charged is called capital rate legal rate prime rate contract rate
contract rate
a contract that may be set aside by at least one of the parties is voidable formal valid void
voidable
a contract made by a person who is so intoxicated as to be unaware of the consequences is void valid executory voidable
voidable
the damages awarded an injured party in a contract in which the injured party is entitles to compensation for the exact amount of the loss are called nominal damages compensatory damages punitive damages liquidated damage
compensatory damages
property rights consisting merely of evidences of ownership of property, such as copyrights, checks, notes and stocks are real property personal property tangible personal property intangible personal property
intangible personal property
the power of authority which each court has to hear cases is called its forbearance disaffirmance jurisdiction judicial power
jurisdiction
not a type of inferior state court justice of the peace court juvenile court magistrate court small claims court
juvenile court
in order to be enforceable, a valid contract must meet what requirements? 1. mutual agreement 2. competent parties 3. supported by consideration 4. lawful purpose
mutual agreement; competent parties; supported by consideration; lawful purpose
a breach of the duty of care one individual has toward other is called criminal negligence civil law promissory estoppel
negligence
defamation of character by spoken words or gestures attest slander breach libel
slander
parol evidence is legality battery spoken words chattel
spoken words
the statute listing certain classes of contracts which must be in writing to be enforceable is called the statue of written contract statue of limitations statue of frauds statue of contracts
statute of frauds
when one party to a contract breaches it, the other party has the right to sure for breach of contract, but he must exercise this right within the time fixed by a statute which is called statue of time statue of limitations statue of fraud statue of contracts
statute of limitations
the owners of a corp are known as directors stockholders makers promoters
stockholders
a person who dies leaving a valid will is called a testator intestate administrator donor
testator
a contract made by a legally declared insane person is valid void voidable unenforceable
void
a contract that is of no legal effect voidable formal valid void
void
mutual mistakes as to the existence of the subject matter renders a contract valid void voidable unenforceable
void
the law of the land in the US is the U.S constitution president executive decree executory
US constitution
the highest court of the land in the US is the state supreme court appeals court superior court U.S supreme court
US supreme court
the contract between a principal and an agent creates a relationship called debenture agency novation ultra vires
agency
