EV owners can start getting excited. The Build Back Better bill (signed by President Biden) passed the House of Representatives and is making its way to the Senate. This new EV tax credit should incentivize people to buy these climate-friendly vehicles by offering up to $12,500 in tax credits.
Hadley v Baxendale: The Case of Unforeseen Damages
Despite the United States trying hard be anything but British, our legal system still echoes much of the British legal system. In point of fact, a number of the most fundamental legal concepts we use have origins overseas in British case law. The famous case of Hadley v Baxendale (1854) is one
Kirksey v Kirksey: a Case Considerably Lacking in Consideration
The law of contracts are designed to determine whether promises are enforceable or not. In order to be valid, all elements of the contract must be satisfied. A contract consists of the following elements: offer, acceptance, consideration, legality, capacity and writing (when
A New Tax Rule May Impact Personal and Professional Use of Venmo, Square & Paypal
The new IRS tax rules might impact you, especially if you frequently use payment services like Venmo or Paypal. All common digital payment services, such as Venmo, Paypal, Square, Cash App, and Zelle are changing, starting on January 1, 2022. Obviously, if you're an independent vendor who accepts
Jacob & Youngs v Kent: What’s a Little Breach of Contract between Friends?
"If I let my lawyer tell me what I could do for my business, I wouldn't have a business."Starting a business is one thing, working and proofreading contracts with clients is another. Creating disclaimers is integral if you're selling a product; making sure promises are provable, and being
Hamer v Sidway: the Benefit-Detriment Theory
The law is constantly evolving. Along with the codes passed by legislative bodies and administrative agencies, we adhere to principles derived from our common law tradition.In our common law system, established principles have significant weight, but they are not necessarily binding. This is, in
Your Children are Worth Less (as the Child Tax Credit is Dropping to $1,000)
There are speculations the child tax credit is dropping to $1,000 by the year 2025. For years, the credit has been in effect to provide a monetary value for parents tasked with taking care of their kids -- they are the future after all. Additionally, kids are one of biggest drivers of the
Conklin v Davi: Adverse Possession and Marketable Titles
When engaging in real estate transactions, it is always best to draw up a contract which captures every conceivable detail of the exchange. Developing a thoroughly detailed contract will help to avoid the possibility of any legal disputes. The case of Conklin v Davi (1978) is a reminder of