Timeframes - Upload

Question 1

Agency is automatically terminated with this event (CL)

Answer 1

Death of principal - regardless of whether the third-party has notice of principal’s death

Some States: NOT terminated until the third-party has notice of the death

Question 2

Time period after a partner’s dissociation by death or wrongful dissociation within which at least half of the remaining partners may express their will to wind up (for a partnership with a definite term)

Answer 2

90 days

Question 3

Period after dissociation of a general partner in an LP after which the LP will undergo a non-judicial dissolution if it has no general partner (unless partners owning majority rights consent to continue)

Answer 3

90 days

Question 4

Period after dissociation of the last limited partner after which the LP will dissolve unless it admits at least one limited partner

Answer 4

90 days

Question 5

Maximum time prior to shareholders meeting that record date can happen

Answer 5

70 days

Question 6

Notice must be given to all shareholders entitled to vote, and it must include meeting’s date, time, place, and description of the meeting’s purpose.

Answer 6

10 days (but not more than 60 days)

Question 7

Under the RMBCA, a shareholder has a right to inspect and copy records of the corporation by providing at least [X] written notice.

Answer 7

5 days

• Unqualified right for (i) Articles of Incorporation; (ii) Bylaws; (iii) Resolutions by the Board of Directors concerning the classification of shares; (iv) Minutes of shareholder meetings for the past 3 years; (v) written communications sent to the shareholders within the last 3 years; (vi) names and business addresses of the current Directors and Officers; and (vii) its most recent Annual Report
• Certain accounting records (annual financial statements prepared for the corporation for its last three fiscal years and any audit/other reports with respect to such financial statements), excerpts of the Board of Directors’ meeting minutes, and the record of shareholders IF (and only if) made during regular business hours at a reasonable location specified by the corp., made in good faith and proper purpose, describe purpose with particularity, and requested records are directly connected with purpose

Question 8

Special meetings require [X] notice (of the date, time, and place of the meeting). FOR DIRECTORS

Answer 8

2 days

Question 9

Quorum for BoD action requires a majority of directors to make quorum. If articles of incorporation lowers the number, it cannot be less than [X] of the directors

Answer 9

1/3 of directors

Question 10

A derivative suit CANNOT be commenced until [X] after the demand for derivative action, UNLESS the corp rejects the demand or will suffer irreparable harm if forced to wait.

Answer 10

90-days

Question 11

An LLC is dissolved, among other rules, after the passage of this time period where the LLC has no members

Answer 11

90 consecutive days

Question 12

Under the RMBCA, shareholders DO NOT enjoy preemptive rights unless such rights are explicitly granted in the corporation’s Articles of Incorporation. Additionally, preemptive rights DO NOT apply to: shares authorized in the Articles of Incorporation that are issued within [X] months of incorporation

Answer 12

6 months

Additionally, preemptive rights DO NOT apply to: (1) shares issued as compensation; (2) shares issued to satisfy conversion or option rights created to provide compensation; (3) shares authorized in the Articles of Incorporation that are issued within 6 months of incorporation; (4) shares issued for consideration other than money; OR (5) shares issued without general voting rights but with preferential rights to distributions.

Question 13

Period after a person became a judgment lien creditor after which priority extends to future advances secured (unless the advance is made without knowledge of the lien)

Answer 13

45 days

Question 14

Period within which prompt objection must be made for a merchant’s confirmatory memorandum exception to be invalid

Answer 14

10 days

Question 15

Maximum valid duration of a proxy

Answer 15

11 months

Question 16

Defendant MAY remove a case to federal court, among other things, if removal is sought within this time period of service of the Summons or receiving the initial pleading (whichever is shorter).

Answer 16

30 days

Question 17

Timeframe within which Summons & Complaint must be served on defendant after filed with the court

Answer 17

90 days

Question 18

Ex Parte TRO automatically expires after [X] days (unless court sets a short time or court extends it for good cause AND parties consent).

Answer 18

14 days

Question 19

The adverse party may move to dissolve or modify the Ex Parte TRO on this amount of notice

Answer 19

2 days

Question 20

Amendments to Pleadings relate back to new defendant so long as new party received notice of the original action within [X] of filing

Answer 20

90 days

• AS LONG AS same transaction and occurrence & the new party knew or should have known that the action would have been brought against it but for a mistake in the party’s identity

Question 21

Without request, each party MUST provide initial disclosures to opposing parties within this timeframe after the Rule 26(f) “meet and confer” conference

Answer 21

14 days

Question 22

Maximum duration of a deposition (limited to no more than X hours)

Answer 22

7 hours in one day
(and no more than one day)

Question 23

Period during which a party cannot file a Rule 11 sanctions motion with the court (after serving the motion on the offending party) to give them time to withdraw/correct the paper/pleading

Answer 23

21 days

Question 24

Maximum time to file renewed JMOL motion after entry of judgment

Answer 24

28 days

Question 25

Maximum time to file a motion for a new trial after entry of judgment

Answer 25

28 days

Question 26

Maximum time to make application for an appeal under the Certified Appeal Exception (after entry of the order)

Answer 26

10 days

Question 27

Maximum time to file petition for permission to appeal after entry of an order granting/denying class-action certification

Answer 27

14 days

Question 28

Period during which a party may file a petition for permission to appeal (after entry of an order) - in relation to Certification of class action

Answer 28

14 days

Question 29

Leave of the court is required if more than this time period has passed since Defendant has served a Summons & Third-party complaint upon the third-party

Answer 29

14 days

Question 30

Timeframe permitting amendment as of right within **[X]** after service of: a) the original pleading; OR b) a responsive pleading or pre-answer motion to the original pleading.

Answer 30

21 days

Question 31

Period during which an appeal must be filed (after entry of the judgment)

Answer 31

30 days

Question 32

Time period during which a party can amend a pleading once as a right after serving the original pleading OR a responsive pleading or pre-answer motion to the original pleading.

Answer 32

21 days

Question 33

Time period during which a party can amend a pleading once as a right after a responsive pleading or pre-answer motion to the original pleading

Answer 33

21 days

Question 34

Maximum irrevocability period for a UCC Merchant's Firm Offer

Answer 34

3 months

Question 35

A buyer's misrepresentation of solvency in writing within **[X]** prior to the delivery of goods removes the **[X-day]** limitation of right of seller to make a demand to replevy identified goods

Answer 35

A buyer's misrepresentation of solvency in writing within **[3 months]** prior to the delivery of goods removes the **[10-day]** limitation of right of seller to make a demand to replevy identified goods

Question 36

Contracts that cannot be fully performed within [X] must be in writing under the Statute of Frauds

Answer 36

1 year

Question 37

Contracts subject to Statute of frauds include those that are sale of goods worth this much or more.

Answer 37

500

Question 38

Police may reinitiate questioning if a counsel is present, suspect initiates communication, OR the suspect was released from custody after this amount of time (as long as the suspect is re-advised of Miranda and they have provided a knowing and intelligent waiver)

Answer 38

14 days

Question 39

Minimum notice period prosecutor must give defendant before trial of prior bad acts evidence to be offered (unless good cause is shown)

Answer 39

15 days

Question 40

Maximum potential imprisonment period before right to jury trial applies under 6th Amendment

Answer 40

6 months

Question 41

Period after which a conviction is not admissible for impeachment (from conviction or release from jail whichever is later) unless: (1) probative value outweighs prejudicial effect; AND (2) proponent provides reasonable written notice to the adverse party

Answer 41

10 years

Question 42

Definition of a felony - crime punishable by death or imprisonment over [X]

Answer 42

1 year

Question 43

Cutoff date for ancient documents exception to hearsay - document must have been prepared before this date

Answer 43

January 1 1998

Question 44

Minimum time child must have lived with a parent for UCCJEA 'home state' jurisdiction

Answer 44

6 months

Question 45

Minimum land contracts term to be subject to Statute of Frauds

Answer 45

1 year

Question 46

Example of statutory period for adverse possession (varies by state)

Answer 46

10 years

Question 47

Minimum value of goods at time of delivery to qualify as a consignment

Answer 47

1000

Question 48

Damages for a secured party's failure to comply with applicable rules - a secured party is liable to debtor for this amount in Statutory Damages

Answer 48

500

Question 49

Day on which a perfected security interest in proceeds becomes unperfected after attachment (unless certain exceptions apply)

Answer 49

21st day

Question 50

Period within which a security interest in proceeds must be perfected to maintain perfection

Answer 50

20 days (a perfected security interest will attach to any identifiable proceeds from the disposition of collateral, however, that interest will become unperfected on the 21st day after attachment unless the above happens).

Question 51

In a non-consumer goods transaction, if a person files a financing statement with respect to a PMSI before or within **[X]** after the debtor receives delivery of the collateral, then the security interest takes priority over conflicting interests which arise between the time the security interest attaches and the time of filing

Answer 51

20 days

Question 52

Time limit for seller to demand return of goods from insolvent buyer (to exercise right to replevy identified goods)

Answer 52

10 days

Question 53

A security agreement MAY create (or provide) for a security interest in after-acquired collateral EXCEPT for: (a) a commercial tort claim; OR (b) consumer goods (other than an accession when given as additional security) unless the debtor acquires rights in them within **[X]** after the secured party gives value

Answer 53

10 days

Question 54

Perfect PMSI in a Fixture has priority if it was perfected before the goods became fixtures or within this timeperiod thereafter (AND 1) debtor has interest of record or is in possesion of the real property and 2) Ownership interest arose before the goods became fixtures

Answer 54

20 days

Question 55

Partial Comparative Negligence --> if P is this percent or more at fault, then P's claim is barred. If P is less than this percentage at fault, then damages are reduced by the percentage of his own fault.

Answer 55

50%

Question 56

Period for declaring disclaimer renouncing legal right of inheritance (Some States)

Answer 56

9 months

Question 57

Period that must pass after death before any creditor can be appointed as personal representative (last in priority among surviving spouse who is a devisee, another devisee, surviving spouse, or any other heirs)

Answer 57

45 days

Question 58

If no proof by clear and convicing evidence that one person survived the other by this period of time, then the property is distrubuted as if that person predeceased the other person (called "Simultaneous Death")

Answer 58

5 days