Upgrade to remove ads
Only $35.99/year

REG - COMMON LAW LIABILITY

Terms in this set (23)

Common law deals with real estate and services provided. It talks about breach of contract, negligence, and gross negligence.
Common law deals with real estate and services provided. It talks about breach of contract, negligence, and gross negligence.
For a breach of contract, only those in privity and third party beneficiaries can sue.
For a breach of contract, only those in privity and third party beneficiaries can sue. `
For breach of contract, you must prove mile. Material misstatement, information caused harm, loss, and error caused the injury.
For breach of contract, you must prove mile. Material misstatement, information caused harm, loss, and error caused the injury.
For breach of contract, your defense is that you didn't breach the contract or you fully performed under the contract terms.
For breach of contract, your defense is that you didn't breach the contract or you fully performed under the contract terms.
For negligence, only those in privity and anyone known or foreseen can sue.
For negligence, only those in privity and anyone known or foreseen can sue.
For negligence, you must prove mile. Material misstatement, information caused harm, loss, and error caused the injury. In addition, lack of due diligence, such as nondisclosure, errors not corrected, or did not follow regulations, like gas or gap.
For negligence, you must prove mile. Material misstatement, information caused harm, loss, and error caused the injury. In addition, lack of due diligence, such as nondisclosure, errors not corrected, or did not follow regulations, like gas or gap.
For negligence, your best defense is you followed gas or gap, the plaintiff lacks privity, or is not known or foreseen, or the error did not cause the harm.
For negligence, your best defense is you followed gas or gap, the plaintiff lacks privity, or is not known or foreseen, or the error did not cause the harm.
Under gross negligence, anyone can sue. Gross negligence is the same as the 1943 act.
Under gross negligence, anyone can sue. Gross negligence is the same as the 1943 act.
Under gross negligence, the plaintiff has to prove reliance, intent to deceive, material misstatement, and loss.
Under gross negligence, the plaintiff has to prove reliance, intent to deceive, material misstatement, and loss.
Under gross negligence, the best defense is that the misstatement was not material or was not gross negligence.
Under gross negligence, the best defense is that the misstatement was not material or was not gross negligence.
The three different types of torts are negligence, gross negligence, and actual fraud.
The three different types of torts are negligence, gross negligence, and actual fraud.
For breach of contract and negligence, you have to prove information caused the harm. Under gross negligence, you have to prove that the information was relied on.
For breach of contract and negligence, you have to prove information caused the harm. Under gross negligence, you have to prove that the information was relied on.
Actual fraud is the intent to deceive, also known as scienter. Gross negligence, also known as constructive fraud, is the reckless disregard.
Actual fraud is the intent to deceive, also known as scienter. Gross negligence, also known as constructive fraud, is the reckless disregard.
Under the Ultramares Act, only those with privity can sue for negligence.
Under the Ultramares Act, only those with privity can sue for negligence.
The 1933 act deals with an initial public offering and the 1934 act deals with ongoing reporting requirements.
The 1933 act deals with an initial public offering and the 1934 act deals with ongoing reporting requirements.
Sets with similar terms