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This page was last edited on 23 November 2009, at 17:41 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
: In his opinion, Judge Learned Hand gave his famous formula for determining the appropriate standard of care to be expected in given circumstances. P = probability of mishap, L = loss that would result from such a mishap, and B = the burden of adequate safeguards against the possible mishap.
Walker, 66 Mich. 568, 33 N.W. 919 (Mich. 1887), [1] was a case that has played an important role in the evolution of American contract law involving the doctrine of mutual mistake. One of the main issues in the case was whether the remedy of rescission is available if both parties to a contract share a misunderstanding about an essential fact. [2]
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Case history; Prior: On appeal from the Circuit Court of the United States for the District of Kentucky: Holding; Where a river is said to be the boundary between two states, the boundary properly extended to the low water mark of the opposite shore and no higher; plaintiff's motion of ejectment based on title granted by the state of Kentucky was denied.
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The history of contract law dates back to ancient civilizations and the development of contract law has been heavily influenced by Ancient Greek and Roman thought. There have been further significant developments in contract law during and since the Middle Ages and especially with the development of global trade .
Acton, 515 U.S. 646 (1995) Schools may implement random drug testing upon students participating in school-sponsored athletics. Ohio v. Robinette , 519 U.S. 33 (1996) The Fourth Amendment does not require police officers to inform a motorist at the end of a traffic stop that they are free to go before seeking permission to search the motorist's ...