What is the name of the statute that overrules the common law rule?
Tortfeasors and contributory negligence act
What is the tortfeasors and contributory negligence act?
A judge can portion out the blame
What is a tortfeasor?
A person who commits a tort
What is subrogation?
when the insurance company gains the right to sue on your behalf
ex: when an insurance company pays out, they can then act in your name and sue the person at fault
Explain professional liability.
ex: professionals who do something (advice or service) and now the client is suing because they have harmed them by professional negligence
What are the 3 areas a professional can be sued?
Explain duty in contract as part of professional liability.
Explain duty in tort as part of professional liability.
Explain fiduciary duty as part of professional liability.
General Rule: a fiduciary duty is owed typically by the dominant party in a special relationship to trust
* dominant party is often the professional because they are knowledgeable
Explain contract law.
What are the 6 elements of a contract?
Explain offer as an element of a contract
What is the general rule of standard from offers?
unconditional acceptance of an offer is deemed to be acceptance of each and every term in that offer
What are the 3 types of situations that lapse an offer?
What are the 4 possible responses to an offer?
COMMON EXAM QUESTION!!! define acceptance
when the offeree agrees to be legally bound by the offer
what is an offeror?
person who makes the offer
What is an offeree?
person who receives the offer.
What a 2 ways can acceptance occur?
words or conduct
What is the exception to words or conduct?
if the parties have been using no words or conduct over time.
ex: if i don’t cancel my delivery by friday then I will accept the delivery for monday
Explain acceptance
When and where is acceptance complete?
Explain the postal rule of acceptance
if mail is allowed as a mode of acceptance, the postal rule says “acceptance will be complete when and where the offered puts the envelope containing the acceptance in it into a public mailbox as long as the envelope is properly addressed and stamped”
downside is there is a binding contract the person who made the offer is not aware of yet
What are some acceptance rule cons?