Why State Law Are Sometimes Applied In A Federal Court The reason why state laws are sometimes applied in a federal court us because many cases are heard in a federal court. The reason because most other those cases got there on the jurisdiction basis of diversity, under federal law. Parties who are citizens of …
The Concept of Property and Causality Insurance In a Contract The essence of the study of property loss insurance is so we can better understand the coverage of a fire policy to mitigate the loss consequences. Now property loss exposure refers to the inherent risks to which the different types of property are exposed. The …
How Do Statues Compliment Common Law with Codes Although Contract Law is traditionally common law, statues by legislature are increasingly taking over the role of common law. The courts have to follow through laws enacted by the legislature, so if the law has a statue on point, that should be the starting point for a …
Things to do in the Advent of a Breach of Contract A Breach of Contract is a deceptively easy concept to grasp, it means that the party didn’t keep his promise. Sometimes, however, party who didn’t keep his promise may actually not be in a breach, as in the following situations: The parties didn’t actually …
When does Acceptance Occur In Contract Formation Acceptance is said to have occurred when the offeree gives or agree to give the offerer whatever he asked for in return for his promise. For this to happen, acceptance must match the offer, this is known as the mirror-image rule. As with the offer, the acceptance requires …