Civil Law | Senioritis

Adam Park
June 21, 2023
Civil Law

Understanding Consideration in Contract Law: The Principle That Consideration Cannot be Past

what does it mean that consideration cannot be past? if the party has already done something it is not consideration as it was not done when the...

Adam Park
June 21, 2023
Civil Law

Understanding Consideration in Contract Law: The Importance of Tangible and Identifiable Exchanges

what does it mean that consideration must be tangible or identifiable? it can’t be something vague (white v bluett) In contract law, consideration refers to something of...

Adam Park
June 21, 2023
Civil Law

Maximize Your Deductions: Common Tax Write-Offs for Homeowners

What does the Federal Government allow a homeowner to deduct Mortgage interest and property tax payments The federal government allows homeowners to deduct several expenses from their...

Adam Park
June 21, 2023
Civil Law

Understanding Unconscionability: The Importance of Express Knowledge in Contract Enforceability

what happens if the party does not have expressed knowledge of the clause? if they don’t know then the clause is non-existent. If a party does not...

Adam Park
June 21, 2023
Civil Law

Unlock Wealth through Real Estate Investment Trusts (REITs): A Guide for Independent Investors

What is a REIT? A organization that is useful for taking advantage of certain tax benefits as mutual fund investors A REIT, or Real Estate Investment Trust,...

Adam Park
June 21, 2023
Civil Law

Understanding Consideration in Contracts: Importance, Forms, and Legal Validity Explained

what is consideration can’t come from an existing duty? if a party does something but was already required to do it, it is not consideration. but if...

Adam Park
June 21, 2023
Civil Law

Understanding Consideration in Contract Law: Measurable Value, Mutual Exchange, Legal Obligation, and Legality.

what is consideration must be sufficient? a party must provide something of value that has to be enough for both parties (thomas v thomas) In contract law,...

Adam Park
June 21, 2023
Civil Law

Understanding Consideration in Contract Law: Exchange of Benefits for Legally Binding Agreements

what is consideration? something given by one party in exchange for something else, one party benefits and the other loses something. Consideration in contract law refers to...