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If not an express time, then it will generally be implied that a material change in circumstances would terminate such an agreement (in Halesowen it was held that calling a meeting of creditors would constitute such circumstances, but in Australia it has been held that appointing a receiver did not.
When a party to a contract claims that a material adverse change had occurred and refuses to complete the transaction on that ground, the other party may disagree and litigation may ensue. One notable example of this was the planned acquisition of SLM Corporation (formerly known as Sallie Mae ) by a group including Bank of America and JPMorgan ...
Maryland v. Wilson , 519 U.S. 408 (1997), was a decision by the Supreme Court of the United States . The Court held that officers could order passengers out a car during a traffic stop, extending Pennsylvania v.
Division of Motor Vehicles. 30 days. 30 days. Connecticut. Department of Motor Vehicles. 2 days. 90 days. Delaware. Division of Motor Vehicles. 30 days. 60 days. Florida. Department of Highway ...
Changes in the law or circumstances surrounding the formation of the trust after the death of the grantor may dictate changes in the terms of the trust (or the termination of the trust itself.) The most infamous example would be beneficiaries who clamor against the trustee to "bust the trust" based on the strict limits the trust (or the trustee ...
The "law of the case" doctrine precludes reconsideration of a previously decided issue unless one of three "exceptional circumstances" exists: (1) when substantially different evidence is raised at a subsequent trial, (2) when a subsequent contrary view of the law is decided by the controlling authority, or (3) when a decision is clearly ...
If, for example, the statute says "motor vehicles", then the court is most likely to construe that the legislation is referring to the broad range of motorised vehicles normally required to travel along roadways and not "aeroplanes" or "bicycles" even though aeroplanes are vehicles propelled by a motor and bicycles may be used on a roadway.
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