Zev and John Were Neighbours

question 73

True/False

Zev and John were neighbours.Before Zev left on a holiday,he asked John to "keep an eye on his house." While Zev was on holidays,John noticed that Zev's lawn was in need of cutting,and proceeded to cut the lawn.On Zev's return from his holiday,John demanded $10 for cutting the lawn.
-If John was entitled to claim quantum meruit,and the regular price charged by persons who mow lawns in that area was $10,John would probably be awarded $10 by the court.

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Definitions:

Release

A legal agreement in which one party forfeits the right to make a claim against another in exchange for compensation or another benefit.

Court Orders

Legal directives issued by a judge or a court that require a person or entity to do or not do specific actions.

Securities Exchange Act of 1934

A law governing the trading of securities, such as stocks and bonds, aiming to prevent fraud and manipulation in the securities markets.

Scienter

refers to knowledge of wrongdoing or fraudulent intent, often a necessary element to prove liability in fraud cases.