CEMENT Flashcards
FOR MORE MEMORIZED FACTS
5
TRUSTEE’S DUTY OF CARE - TRUSTEE TRUST MUST ADMINISTER THE TRUST WITH THE

- REASONABLE CARE
- SKILL AND
- CAUTION
- REQUIRED UNDER THE CIRCUMSTANCES
- TO THE FULL EXTENT OF HIS ABILITIES
3
SCHOOL OFFICIALS - REASONABLE GROUNDS STANDARD FOR SEARCH

- MODERATE CHANCE OF FINDING EVIDENCE OF WRONGDOING
- PROCEDURE IS REASONABLY RELATED TO SEARCH OBJECTIVES
- NOT EXCESSIVELY INTRUSIVE SEARCH
2
DUTY OF PRUDENT INVESTOR - TRUSTEE MUST
IEB

- INVEST AND MANAGE TRUST ASSETS
- AS A PRUDENT INVESTOR WOULD
3
A REAL COVENANT MAY BE TERMINATED BY
- WRITTEN RELEASE
- MERGER OF BENEFITTED AND BURDENED ESTATES
- CONDEMNATION
4
AT EQUITY, THE PLAINTIF MAY USE PROMISSORY ESTOPPEL TO
- RECOVER THE VALUE OF THE PROMISE
- WHERE DEFENDANT MADE AN UNAMBIGOUS PROMISE
- ON WHICH PLAINTIFF REASONABLY AND FORESEEABLY RELIED
- CAUSING PLAINTIFF INJURY.
3
CLEAR AND CONVINCING EVIDENCE STANDARD - TRIER OF FACT MUST FIND
- A HIGH PROBABILITY OF THE FACT’S EXISTENCE
- LEVAING NO SUBSTANTIAL DOUBT
- AS TO THE FACT DEMONSTRATED BY THE EVIDENCE.
3
IMPLIED EQUAL PROTECTION CLAUSE FIFTH AMENDMENT - THE SUPREME COURT HAS HELD
- IMPLIED IN THE FIFTH AMENDMENT GUARANTEE THAT THE FEDERAL GOVERNMENT SHALL NOT DEPRIVE PERSONS OF LIFE, LIBERTY OR PROPERTY WITHOUT DUE PROCESS
- IS AN IMPLICIT GUARANTEE
- THAT EACH PERSON SHALL RECEIVE EQUAL PROTECTION OF THE LAW.
3
CREATION OF TYPES OF EXPRESS TRUST - THE TYPE OF EXPRESS TRUST CREATED IS CLASSIFIED BY
- THE PURPOSE OF TRUST
- THE TYPE OF BENEFICIARY
- OR THE TIME WHICH THE TRUST TAKES EFFECT
5
GROUNDS TO SUPPORT INVOLUNTARY DISSOLUTION OF A CORPORATION

- FRAUD, MISUSE
- CORP ABANDONED FOR OVER A YEAR
- INTERNAL DEADLOCK IN SHAREHOLDERS
- INTERNAL DEADLOCK IN BOARD
- PERIOD CORP WAS FORMED FOR HAS EXPIRED.
4
TERMINATION OF AGENCY RELATIONSHIP - AN AGENCY RELATIONSHIP IS TERMINABLE
- AT WILL
- BY EITHER PARTY
- UNLESS AGENCY IS COUPLED WITH INTEREST IN SUBJECT MATTER
- OR AGENCY POWER IS GIVEN FOR SECURITY.
2
EXPANDING OR CHANGING A TRUSTEE’S DUTY OF CARE

- A SETTLOR MAY EXPAND OR RESTRICT THE TRUSTEE’S DUTY OF CARE
- BUT HE CANNOT REMOVE THE REQUIREMENT THAT A TRUSTEE ACT IN GOOD FAITH.
4
TRUSTEE MUST INVEST TRUST ASSETS BY CONSIDERING THE

- PURPOSES,
- TERMS,
- DISTRIBUTION REQUIREMENTS AND OTHER
- CIRCUMSTANCES OF THE TRUST.
3
THE GOVERNMENT CAN REGULATE SYMBOLIC SPPECH WHERE
- REGULATIONS FURTHER AN IMPORTANT GOVERNMENT INTEREST
- UNRELATED TO SUPPRESSION OF THE MESSAGE
- THE REGULATION’S IMPACT ON SPEECH IS NO GREATER THAN NECESSARY TO FURTHER THE INTEREST.
2
UPIA - STRATEGY FOR TRUST INVESTMENTS

- THE STRATEGY OF RISK AND RETURN OBJECTIVE
- SHOULD BE REASONABLY SUITED TO THE NEEDS OF THE TRUST
4
REMEDIES FOR TRUSTEE BREACH

- IF A TRUSTEE COMMITS OR THREATENS TO COMMIT A BREACH
- A BENEFICIARY OR COTRUSTEE MAY PETITION THE COURT TO COMPEL, ENJOIN OR REMOVE THE TRUSTEE
- THE COURT MAY ALSO APPOINT A SPECIAL FIDUCIARY TO MANAGE TEH TRUST
- BENEFICIARIES MAY SEEK DAMAGES FROM TRUSTEE FOR BREACH AT EQUITY OR LAW.
1
DIRECTOR DUTY OF LOYALTY REQUIRES THE DIRECTOR

- REFRAIN FROM ACTING IN HIS OWN INTEREST AT THE EXPENSE OF THE CORPORATION.
3
TRUSTEE’S DUTY OF LOYALTY

- NO SELF-DEALING
- NO CONFLICTS OF INTEREST
- TREAT ALL BENEFICIARIES EQUALLY
3
Wills - Slayer Statute Exceptions
A KILLER MAY STILL TAKE WHERE HE TAKES WITHOUT SIN
- perfect SELF-DEFENSE
- INSANITY
- NEGLIGENT homicide
3
A DIRECTOR MAY BREACH HIS DUTY OF LOYALTY BY

- USURPING A CORPORATE OPPORUNITY
- SELF- INTEREST DEALINGS
- COMPETING WITH THE CORPORATION.
6
NOTICE REQUIRED FOR CLASS ACTIONS WHERE QUESTIONS OF LAW PREDOMINATE - NOTICE MUST CONTAIN
(THE NOTICE IS A BAD CAN TO CONTAIN THE INFORMATION)

- BINDING EFFECT OF JUDGMENT ON CLASS MEMBERS
- ABILITY TO REQUEST EXCLUSION
- DEFINITION OF CERTIFIED CLASS
- CLASS CLAIMS, ISSUES, DEFENSES
- APPEARANCE ABILITY FOR CLASS MEMBER
- NATURE OF THE ACTION
6
UPIA - AND GUIDELINES FOR INVESTMENTS - CALIFORNIA HAS ADOPTED THE

- UNIFORM PRUDENT INVESTOR ACT
- PROVIDING TRUSTEES GUIDELINES ON HOW TRUST INVESTMENTS SHOULD BE MANAGED
- UNDER UPIA, A TRUST MUST INVEST AND MANAGE TRUST ASSETS
- AS A REASONABLY PRUDENT INVESTOR WOULD.
- THE STRATEGY OF RISK AND RETURN OBJECTIVE
- SHOULD BE REASONABLY SUITED TO THE TRUST.
3
PASSING ASSETS IN INTERVIVOS TRUST WITHOUT A WILL

- INTER VIVOS TRUST MAY PASS TRUST ASSETS TO BENEFICIARIES AT SETTLOR’‘S DEATH WITHOUT A WILL.
- SETTLOR MAY MAKE POUR OVER WILL THAT CATCHES ANY ASSETS NOT IN TRUST AT DEATH
- SO ASSETS WILL GO TO TRUST THROUGH PROBATE.
8
EXPERT WITNESS DISCLOSURE REQUIREMENTS - FEDERAL COURT
QuAC BEEFS

- QUALIFICATIONS
- AUTHORED PUBLICATIONS IN PAST TEN YEARSC
- COMPENSATION TO BE RECEIVED
- BASIS OF OPINIONS
- EXHIBITS
- EXPERT DESIGNATIONS FOR PAST FOUR YEARS
- FACTS AND DATA CONSIDERED
- STATEMENT OR REPORT OF OPINIONS













