Explain the way an option contract works.
What will be an ideal response?
An option contract is one in which the optionee pays the optionor an agreed-upon price for the privilege of keeping the property off the market for a specified period of time. During this time period, the optionee has the exclusive right to purchase the property. The option price paid is irrevocable. If the optionee chooses to exercise the option, the transaction proceeds in like manner to a regular real estate transaction.
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The initial interview sets the tone for the entire relationship between the plaintiff and the defendant.?
Answer the following statement true (T) or false (F)
What is the name of the affirmative defense in a trademark infringement suit used when a trademark owner has acted with bad intent?
a. Laches b. Fraud in obtaining trademark registration c. Unclean hands d. Parody
Which of the following is not a breach of ethics by a lawyer?
a. Commingling personal funds with trust account money b. Failing to maintain a trust account even when the attorney does not handle client funds c. Accepting a case and not having sufficient time to handle the matter d. Allowing a paralegal to give legal advice to clients e. None of the above; they are all breaches of ethics
Because of a big snowstorm, a group of people decide to go sledding, using giant innertubes. On
the first run down a steep hill, the plaintiff slides farther than expected, into a parking lot, and hits a car, thereby getting injured. Which doctrine will bar any recovery for the injured plaintiff? A) slight comparative negligence B) slight-gross comparative contribution C) assumption of the risk D) modified comparative negligence