| Volume 37 Number 10 |
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The People’s Lawyer’s Tip of the Day
If your credit card is lost or stolen, your liability is limited to $50. But there are different rules for debit or check cards. If you wait more than two days to report the loss, your liability increases to $500. Promptly report any loss or theft. Click here for more.
Obama Nominates First Hispanic to Supreme Court
On Tuesday President Obama nominated federal appellate Judge Sonia Sotomayor to the U.S. Supreme Court. If confirmed, Judge Sotomayor will be the first Hispanic and third woman to serve on the Supreme Court. To find out more about Judge Sonia Sotomayor, Click here for more.
Palm Creates the "iPhone Killer"
Once a pioneer in the mobile phone market, Palm has since fallen to competitors like Blackberry and iPhone. However, their new smartphone, the Palm Pre, has entered the market to rave reviews. Multitasking, universal search, a drop-down keyboard, and a multitouch screen similar to that of the iPhone. Will the new smartphone take Palm to the top of the mobile market? Click here for more.
Home Prices Fall By 19%
Homes are getting cheaper. Much cheaper. Home prices in 20 cities declined at an 18.7 percent annual pace in March of 2009. To make matters worse, the same survey of cities demonstrated a 19.1% decline during the same quarter of 2008. How long will it take the housing market to stabilize? Click here for more.
Texas AG Charges Debt Collection Companies
Last week, Texas Attorney General Greg Abbott charged four debt settlement companies with orchestrating fraudulent debt settlement schemes. The defendants claimed they could eliminate their customers unsecured debts in as little as three years. According to the charge, the defendants misrepresented and overstated the nature of their services. Find out which debt settlement firms were involved, and how to obtain restitution! Click here for more.
Your Money
How large a line of credit can I obtain? Click here for more.
For the Lawyers
Contract disclaimer can bar most claims. The Fifth Circuit held that under Texas law, a disclaimer of warranty could bar negligent misrepresentation, fraud, and DTPA claims. Click here for more.