| Volume 65 Number 14 |
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The People’s Lawyer’s Tip of the Day
The Texas Deceptive Trade Practices Act requires full disclosure by sellers. If a seller intentionally withholds material information, he could be responsible for three times the consumer's damages, plus court costs and attorney's fees. Click here for more.
Consumer Confidence Lowest in Years
In July, the consumer confidence index was 59.2. Just one month later, a dramatic drop in consumer confidence saw the index reach the lowest level since the Great Recession of 2009. After a prolonged debt debate in Congress, a high unemployment rate, and a volatile month for the stock market, the index fell nearly 15 points to 44.5. Consumers aren't only worried about the present state of the economy, but also their future prospects. What does the latest rating mean for an already struggling economy? Click here for more.
Avoid Scams: Post-Irene Home Repairs
Hurricane Irene caused billions of dollars in damage along the east coast. After devastating natural disasters, it is common for contractors to come in from out of state to offer "door-to-door" repairs. These "storm chasers" can cost consumers thousands of dollars for nothing but a headache in return. If you're dealing with property damage after Hurricane Irene, be careful! How can you identify a "storm chaser"? How can you avoid getting ripped off? Click here for more.
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Calculate your home's rate of return! Click here for more.
For the Lawyers
Plaintiff suing drawer of check is entitled to attorney’s fees. The Texas Supreme Court held that a suit under Article 3 of the UCC is a suit for breach of contract. The court stated, “We must determine whether a suit by a check's holder against its drawer under section 3.414 is a claim on a contract to which section 38.001(8) applies. We conclude that it is.” Click here for more.