Michigan Supreme Court Upholds UCC Statute of Frauds Rule Requiring Quantity Terms To Be In Writing

Michigan Supreme Court Upholds UCC Statute of Frauds Rule Requiring Quantity Terms To Be In Writing

The Michigan Supreme Court issued an Opinion on July 11, 2023 in MSSC, Inc. v. Airboss Flexible Products Co., reversing a Court of Appeals opinion holding that blanket purchase orders were enforceable under the UCC Statute of Frauds. In short, the Michigan Supreme Court upheld the longstanding Statute of Frauds rule that contracts must contain a written quantity of terms to be binding, including its conclusions that: The parties’ blanket purchase order, terms and conditions, and other writings lacked a written quantity term. The term, “blanket,” does not constitute a quantity term within the meaning of the Statute of Frauds, overturning Great Northern Packaging, 154 Mich App 777; 399 NW 2d 408 (1986), “to the extent that it conflicts with the holding.”…

Backstage Update On CM Punk And The Elite Reconciling, Legal Issues, More – PWMania

Backstage Update On CM Punk And The Elite Reconciling, Legal Issues, More – PWMania

(Photo Credit: AEW) The fallout from CM Punk’s actions at AEW All Out last year has loomed for the past eight months, ranging from his comments at the post-event press conference where he ripped several wrestlers to the brawl involving him and The Elite (Kenny Omega & The Young Bucks). Punk will be back for the June 17 premiere of AEW Collision. While Punk will be mostly separated from The Elite, they are expected to be backstage at some shows. Dave Meltzer reported in the latest edition of the Wrestling Observer Newsletter that nothing has changed regarding the two sides reconciling.…

Legal Update for Energy Lawyers

Legal Update for Energy Lawyers

This newsletter provides general information and is not intended to be comprehensive or to provide specific legal advice. Professional advice appropriate to a specific situation should always be sought. Contents: SFO Secures First Conviction of an individual for DPA Related Conduct Department for Energy Security and Net Zero Outlines Long-term Strategy UK Government Introduces Corporate “Failure to Prevent Fraud” Offence Review of the Arbitration Act 1996 Second Consultation Paper English High Court Approves Service By NFT Alone High Court rules the duty of disclosure goes beyond contemporaneous documents UK to Sign Singapore Convention on Mediation 1.…

Bankrupt FTX threatens legal action to claw back donations to politicians, charities

Bankrupt FTX threatens legal action to claw back donations to politicians, charities

The new leadership team of bankrupt cryptocurrency exchange FTX.com has threatened legal action against political and charitable organizations that fail to return donations they received when the exchange was led by Sam Bankman-Fried, according to a statement released Sunday. FTX requested the funds be returned by Feb. 28, claiming that they “reserve the right to commence actions before the Bankruptcy Court” if the funds are not returned by that date, with interest accruing from the date any action is commenced. Recipients of such funds were also warned that making subsequent charitable donations of the equivalent amount being sought for return would not shield them from FTX’s recovery efforts.…

List of 102 Legal Loans Registered at OJK, Update January 2023

List of 102 Legal Loans Registered at OJK, Update January 2023

KOMPAS.com – The public continues to be encouraged to use online loan services (pinjol) legally and registered with the Financial Services Authority (OJK). The reason is that currently there are still various illegal loans that can be detrimental to society. Therefore, before using online loan services, it is always necessary to regularly check the list of legal loans on the official OJK website. As usual, OJK will periodically release a list of legal loans that have obtained OJK permits and are legal as of January 2023. Reporting from the official website ojk.go.id there is the latest information regarding the termination of PT Investree Radhika Jaya’s sharia business activities in accordance with the attached Directors’ letter so that currently PT Investree Radhika Jaya only has a conventional type of business.…