Question

51. Victor E. Lapp and Hughes Carr are involved in a car accident. After accusing the other of being at fault, the parties agree to settle the case with a payment by Victor of $10,000 to Hughes. The parties sign a release by which neither party can assert a claim against the other. Which of the following is true?

1. Neither party can sue the other with respect to the car accident.
2. Victor can always sue Hughes assuming he has a valid counterclaim against Hughes.
3. Although Victor cannot sue Hughes legally, he can seek the equitable remedy of quasi contract.

52. Which is true with respect to a deed?

1. As long as the deed is in writing, it need not be signed.
2. For it to be effective, it has to be signed by every party who has an interest in the property being conveyed.
3. It must be signed by the seller and the recipient of the property.

Answer 1

51. Although Victor cannot sue Hughes legally, he can seek the equitable remedy of quasi contract.

Waiver forms usually limit who can sue you ,but in certain circumstances, incase of unjust enrichment, equitable remedy is possible.

52. It must be signed by the seller and the recipient of the property.

Property deed must be signed by seller,which is then recorded and then signed by the recipient