By David Kruger | Published June 20, 2024 | Posted in Contract Law, Real Estate Law | Tagged Tags: Legal Counsel, Partial Performance, real estate, Statute of Frauds | Comments Off on Real Estate Business Issues: Statute of Frauds
In the world of real estate, contracts are the cornerstone of transactions. They delineate the terms and conditions agreed upon by the involved parties, providing a framework for the exchange of property. However, not all agreements are created equal, and in Texas, the Statute of Frauds plays a pivotal role in determining which contracts are Read More
Read MoreGenerally, the individuals who own and run a company are not liable for the acts of the corporation. Veil piercing is a way around this. Veil piercing typically involves multiple parties and multiple claims and can be a complex and confusing theory of liability. Nonetheless, a few key concepts can assist the decision maker in Read More
Read MoreWhen two parties enter into a contract for goods or services, the parties generally create a set of responsibilities to one another. Each side is obligated to perform their part of the contract in exchange for the performance by the other side. A contract that would be upheld by a court is called an enforceable Read More
Read MoreThe Texas Legislature has enacted possessory lien statutes in the Texas Property Code to protect service providers who perform work on personal property such as motor vehicles, boats, and aircraft. This article is limited to the liens available to service providers who repair, tow and store motor vehicles. The purpose of this article is to Read More
Read MoreThe U.S. Supreme Court recently heard oral arguments in a case involving alleged predatory lending practices by the Bank of America and whether a municipality, the City of Miami, may file a suit for economic damages under the Fair Housing Act (FHA). The City alleges that the bank’s predatory lending practices disproportionately affected minority communities. Read More
Read MoreKoch v. Boxicon, LLC Dallas Court of Appeals, No. 05-14-01424-CV (March 30, 2016) Justices Fillmore, Myers, and Whitehill While Koch was finishing chiropractic school, he met Lindemuth, Boxicon’s general manager—an encounter both now likely regret. After Lindemuth had personally advanced several thousand dollars for Koch’s mortgage and living expenses, a Boxicon affiliate leased Koch space Read More
Read MoreThree Questions to Ask Yourself Before Heading to the Courtroom When people feel like they’ve been wronged by another party in some form or fashion, taking a lawsuit against that party to court tends to be one of—if not the first—options they entertain. Understandably, we can all fly off the handle to an extent after Read More
Read MoreEveryone knows a lawyer is a person who practices law, one who (at the very least) provides legal counsel and representation to his or her clients. What you may not know is there are many different areas of law in which a lawyer can specialize, from family and civil law to municipal and real estate Read More
Read MoreTale of Two Businesses (A Business Parable) Two entrepreneurs went to visit an attorney’s office. One was named Joe Pennypincher, the other was Patrick Preparedman. They each wanted to start a business and needed documents drawn up. At each of their consults, the attorney explained how he would go through and get the important factors Read More
Read MoreWhen I was young, my father told me to never get into a 50/50 ownership arrangement with your business partner. Now that I’ve grown into an attorney who sometimes deals with these businesses, I thought it might be useful to talk about some of the ways to avoid a 50/50 situation or some considerations that Read More
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