IN THIS ISSUE: CONSTRUCTION: Recovery Against A Contractor's Surety Bond REAL ESTATE: New Law Prohibits Second Mortgage Lenders From Pursuing a Deficiency After an Approved Short Sale EMPLOYMENT LAW: Modified Comparative Negligence in Nevada Recovery Against A...
Month: August 2011
Recovery Against a Contractor’s Surety Bond
Today's economic environment has created challenges in construction, particularly for subcontractors. The construction industry recession has led to insolvency of builders and general contractors. When builders do not pay subcontractors, remedies available for a...
New Law Prohibits Second Mortgage Lenders From Pursuing a Deficiency After an Approved Short Sale
Homeowners who are "upside-down" on their loans and want to avoid foreclosure recently received a tremendous benefit from California Governor Jerry Brown. On July 15, 2011, Senate Bill 458 was signed into law extending the anti-deficiency protections of Senate Bill...
Modified Comparative Negligence in Nevada
Nevada follows a variation of the Modified Comparative Negligence Theory, which is a partial legal defense that reduces the amount of damages that a plaintiff can recover in a negligence-based claim based upon the degree to which the plaintiff's own negligence...
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