Bussy Orgs
[Corporations] when shareholders are held accountable instead of businesses.
What is piercing the veil?
[Wills] A handwritten will that does not need the same formalities.
What is a holographic will?
[Civ Pro] Subject matter jurisdiction requires these two things.
What are citizenship of different states and an amount in controversy over $75,000?
What is attachment?
What are the two procedural requirements for marriage?
[Agency] type of authority where the principal manifests consent to a 3rd party.
What is apparent authority?
[Wills] At the time a will is executed, the decedent must have this ability to consent.
What is testamentary capacity?
[Civ Pro] On a motion for summary judgment, a party must show two things.
What is no genuine dispute of material fact and entitlement to judgment as a matter of law?
When a secured party sells good to a debtor on credit and retains a security interest in goods sold.
What is a PMSI?
The best interests of the child.
[Partnership] in a limited partnership, who is liable for the partnership?
Who is the general partner?
[Wills] In most states, there are three requirements to execute a formal will.
What are a writing, attestation (by at least 2 witnesses), and signature (by testator)?
[Civ Pro] To test for supplemental jurisdiction, look for ___ on the additional claim, and see if it arises from ____.
What is subject matter jurisdiction and common nucleus of operative fact (in existing federal claim)?
A method of perfection (any of five answers is correct).
The two things you need to file for a no fault divorce.
What are an irretrievably broken marriage and living apart for a specified time?
[Partnership] the three components of the duty of loyalty.
What is anti-theft duty, no self-dealing, and no competing against the partnership?
[Trusts] Type of trust that disallows voluntary and involuntary transfers and can't be traded on, cashed in, or used as collateral.
What is a spendthrift trust?
[Conflict of law] Inter vivos personal property applies law of which jurisdiction?
What is the law of the situs at the time of the transaction?
Perfection in PMSI in consumer goods.
What is automatic?
There are 7 legal issues in every divorce. Name at least two. *Daily Double*
What are division of property, allocation of debts, spousal maintenance, attorney's fees, legal custody/decision-making authority, parenting time, and child support?
[Agency] The 3 agency formation elements (note: the ABCs)
What are mutual Assent, Benefit (in favor of the principal) and Control (of the principal)?
[Trusts] The 5 elements needed to create a valid trust.
What are intent, identifiable corpus, ascertainable beneficiaries, proper purpose, and mechanics/formalities?
[Choice of Law] What are the three analytical approaches to choice of law questions?
What are vested rights, most significant relationship, and interest analysis?
The default type of tangible collateral. *Daily Double*
Property acquired through gift, bequest, devise, or descent during marriage is not this.