Learning Objectives:
This blog will cover the understanding of basic commercial law concepts and understanding of the special concepts in the following sub-fields of commercial law.
Basic legal concepts
Purpose of law.
Connection between law and societal values.
Methods of changing the law.
Structure of the federal and state court systems.
Subject matter jurisdiction of a court.
Personal jurisdiction.
Precedent.
Persuasive cases.
Classification of law.
American Law Institute.
Uniform commercial code (UCC).
Contracts
Classification of contracts.
Offers.
Acceptance.
Legal consideration.
Parol evidence rule.
Statute of Frauds.
Mistakes in contracts.
Conditions and covenants.
Defenses to a contract.
Remedies.
Third parties to a contract.
Tort Law.
Purpose of tort law,
Scope of tort law.
Various ways in which a tort violation can occur.
Structure of tort law.
Link between tort and criminal law.
Res ipsa loquitur.
Strict liability.
Product liability.
Warranties.
Comparative and contributory negligence.
No fault insurance.
Criminal law.
Felony and misdemeanor.
Malum in se and malum prohibitum.
Actus reus and mens rea.
Negative acts.
Lesser included crimes
Parties to a crime.
Mental state.
Specific intent crimes.
Transferred intent.
Defenses.
Specific crimes.
Solicitation.
Assault.
Battery.
Trespass.
Conspiracy.
Attempt.
Burglary.
Larceny.
Embezzlement.
Robbery.
False pretense.
Forgery.
Real Property.
Estates.
Fee simple absolute
Defeasible fee.
Life estate.
Leasehold.
Obligations and rights of a life estate holder.
Future interests.
Reversion.
Possibility of reverter.
Right of re-entry.
Executory interest
Remainder
Means of holding property.
Adverse possession.
Sale of real property.
Remedy for breach of contract.
Recording Act.
Title search.
Title insurance.
Chain of title problems.
Easements
Landlord/tenancy law.
Types of tenancies.
Agency law
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