Wednesday at 8am Chapter 10- most important chapter Omit pg 10.1 on pg 313 the online developments on pg 317 10.

2 on 330 case 10.3 on 337 and page 341 omit pg 340 (beyond our borders) Voluntary consent/genuinisious consent- meeting of the minds, o four situations which may appear to be voluntary consent mistake- unilateral mistake, bilateral mistake, deals with a material fact misrepresentation undoomed influence durrest Statue of frauds- 1677 English parliament passed certain contracts to be in writing, brought to us and we have a list of those o Signed by party ur trying to enforce it against 3 categories sale in a interest in real property- land collateral contract- one promises to pay the debts of another contract that cant be reformed within 1 year valid contract 4 elements unvalid contract3rd party rights- known what an assignment is where someone transferes rights or obligations o person who assigns is assignor o person who is assigned is the assignee rd 3 party beneficiary contractPerformance of discharge o How does a contract end o Most contracts are discharged by performance all though it isnt always in a perfect fashion o Rules for what happens if not performed perfectly Substantial performance Minor deviations Personal satisfaction Material breach of a contract o Contracts can be discharge by agreement of parties Rescission Novation- the cancelation of an existing contract with the creation of a new one often with a new party Accord (agreement to meet performance) and satisfaction o Statute of limitation 6 years it discharges the contact

chapter 14- small business chapter 15- corporations pg 524 and pg 525 characteristics between business organizations liability of sole proprietorship partnership limited liability companies- articles of organization, and operating agreement, owned by members, person in charge is named manager corporations- articles of incorporation, shareholders, directors provide shield against personal liability, piercing the corporate viel, Delaware favors corporations more than any other state Statute of lawOmit pg 468 case 14.2 case 14.3 on 471 beyond our borders on top of 474, all the entries dealing with franchises Acre-210ft x 210 ft Township 1mile x 1 mile (640 acres) Ch 15 Study first four pages of the chapter of the constitutional rights of a corporation Pg 714 ownership in Fee Simple Absolute- an ownership intst in land in which the owner has the greatest possible aggregation of rights, privileges, and power. Ownership in fee simple absolute is limited absolutely to a person and his or heirs.

o bankruptcy if they fufill their plan the contract is likely to be discharged the breach-pg 332 a contract under seal- used to use beeswax o ten year statute compensate damages punitive damages consequential damages Hadley vs baskendale- flour mill broke on motor, established law of consequential damages Nominal damages- 1 dollar Liquidated damages- cell phone Mitigation damges- the plaintiff had a dutiee to mitigate or lessen their damages Equitable remedies- a court has the ability to return the contract to the status quo *specific performance-make them deliver me the art or _____ because money wont hold pg 339 reasonable cost o to prevent unjust enrichment

Concurrent ownership Tenancy in common Joint tenancy Community property Non-possessory interests Easement Profit Deed- record with probate office Warranty deed (general warranty) grantor is warranting the title to you, anything thats ever happened in history Statutor warranty dee I where the warrantor has guaranteed the time that weve owned. Quit Claim deed- lowest type of deed, grantor is conveying what little interest they have if any. W ` By will or inheritance person who dies with a will is called a testate person who dies without a will is said to be intestate chapter 17 employementpg 534- difference between employer and independent contractor 535- criteria for determining whether or not independent contractor or employee if employee your eployeer may be liable for your torts page 553 doctrine of responding and superior the employement and will concept- can be fired or leave at anytime chapter 20- deals with consumer protection can read much like a narrative deceptive advertising which federal agency has control over deceptive advertising- FEC credit protector statues 678-681 omit 20.2, 20.3, truth in lending installment payments over time Truth in lending two times of credit closed end credit revolving credit govered by federal reserve

reg z the equal credit opportunities act (ECOLA) reg b electronic transfers, debit electronic funds transfer act refulated by FRB reg e fair credit reporting act cant call late at night chapter 22 land use controls begins pg 711- going to end at middle of pg 726 (lease hold estates) know what real property is pg 713 subject of fixtures life estate omit 22.1, pg 719 listing agreemttns-723 pick back up with deeds by deed ow ill of inheritance elements of deeds grantor grantee ways to convey property

TEST 1 1-4 chapters