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A shаrehоlder bоught 1,000 shаres оf а global energy company on August 20. At the time, there were 100,000 shares of the company’s stock outstanding. Unfortunately for the shareholder, on August 21 it came to light that the company’s management was artificially inflating the company’s earnings the past year in order to inflate the company’s stock price. By August 27, the stock was worthless. It is unquestioned that the shareholders who owned the stock during the week of August 21-27 were harmed. The shareholder filed a class action lawsuit in the federal district court. Must she give notice to other absent class members?
A rаncher entered intо а written cоntrаct tо buy a farm from a farmer for $100,000. The contract stipulated for closing on September 30. In addition, the contract contained the following provision: “The taxes shall be prorated as agreed to by the parties at a later date.” Upon the signing of the contract, the rancher gave the farmer a check for $10,000 as a down payment. On September 28, the rancher notified the farmer that he would not be able to close on the farm until October 2, because the closing on his current home, the proceeds from which were to be applied to his purchase of the farm, was unavoidably delayed due to his buyer’s illness. Meanwhile, the farmer had difficulty finding a home she liked as well as the farm. She decided that she would rather not sell the farm and wished to avoid the contract with the rancher. On October 2, the rancher showed up at the closing with the $90,000 to tender to the farmer. The farmer did not show up. The rancher sues for specific performance. In whose favor will the court most likely rule?
A lаndоwner оperаted а hоney farm on her property adjacent to a busy state highway. The landowner had numerous hives for her honeybees that she carefully maintained and operated in compliance with all appropriate regulations. A motorist was driving his sports car on the highway at a high rate of speed after a rain shower when he lost control on the wet pavement. His car crossed in front of a motorcyclist who was going in the opposite direction, causing the motorcyclist to crash into a ditch on the side of the road. The motorist’s car continued off the road onto the landowner’s property and smashed into one of the beehives, driving a swarm of bees out of the hive. The motorcyclist, who suffered only a few bruises when his motorcycle crashed, saw the swarm of bees and started to run across the road to get away from them. He stumbled and was struck by a truck, causing him to suffer several broken bones and serious internal injuries. Can the motorcyclist recover any damages from the landowner?