An anticipatory breach is defined as a repudiatory breach of contract that occurs when one party to the contract indicates, through words or conduct, that they do not intend to perform their obligations under the contract. This can occur before the contractual obligations are due to be performed. An anticipatory breach of contract gives the … Read more
The master-servant rule is a legal doctrine that imposes liability on an employer for the negligence of an employee while the employee is acting within the scope of his or her employment. The rule is based on the theory that the employer is in a better position to control the employee’s conduct and, therefore, should … Read more
Regulation T is a set of rules that govern the extension of credit by broker-dealers to customers for the purchase of securities. The regulation is designed to protect investors by ensuring that brokers only extend credit to customers who can afford to repay it. The regulation also requires brokers to provide customers with certain information … Read more
The Crime of 1873, also known as the Coinage Act of 1873, was a law enacted by the United States Congress which discontinued the practice of using silver as a standard for currency. The law was a direct result of the massive increase in the price of silver due to the discovery of silver deposits … Read more
A QPAM is a professional asset manager that is qualified to manage assets in accordance with the provisions of the Investment Advisers Act of 1940. In order to be classified as a QPAM, the asset manager must meet certain criteria, including: -Being registered with the SEC as an investment adviser -Having at least $100 million … Read more
Rule 10b5-1 of the Securities Exchange Act of 1934 provides a safe harbor from insider trading liability for persons who trade securities based on pre-existing plans, provided that those plans do not call for trades based on material, non-public information. The rule was enacted in 2000 in response to concerns that insiders were using insider … Read more
What is Stare Decisis? Stare decisis is a legal principle that holds that courts should follow precedent when making rulings. This principle ensures that similar cases are decided in the same way, which promotes fairness and stability in the legal system. What is stare decisis in law quizlet? Stare decisis is a legal principle that … Read more
Delivered-at-Place (DAP): Definition and How It Works. Is the DAP means tested? The DAP is not means tested. Why is DAP important? DAP is important because it is the only law that specifically governs the use of deadly force by police officers in the United States. It is also the only law that provides civil … Read more
Reading into implied contracts is a legal term that refers to the process of inferring the existence of a contract from the actions or words of the parties involved. This can be done either by looking at the surrounding circumstances or by examining the parties’ conduct. In either case, the court will look to see … Read more
. The Rationale Behind Letters of Indemnity. What happens when you indemnify someone? When you indemnify someone, you agree to compensate them for any losses or damages they may incur as a result of your actions. This may be done through insurance, by setting aside money in a fund, or by promising to pay damages … Read more
