| Volume 144 Number 25 |
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The People’s Lawyer’s Tip of the Day
If you’re feeling anxious about your financial health during these uncertain times, you’re not alone. That’s why the three national credit reporting agencies, which last year gave people weekly access to monitor their credit report for free, are extending that benefit until April 20, 2022. Click here for more.
Home prices and interest rates continue to rise
The U.S. housing market continues to pose challenges to buyers as prices continue to rise, along with interest rates. The combination makes monthly payments higher and could put many homes out of reach for the average buyer.
From mid-February to mid-March, the median home price surged 17 percent year-over-year to $330,250, according to real estate broker Redfin. The company says it’s the biggest four-week increase since 2016. Click here for more.
Your Money
This year taxpayers will have an extra month to file taxes. Instead of the usual April 15 Tax Day, the Internal Revenue Service says taxpayers now have until 11:59 p.m. on May 17, 2021, to get those tax returns postmarked or emailed to avoid interest and penalties. What else is there to know? Quite a bit more, if you're curious. Click here for more.
For the Lawyers
Manufacturer not liable for contribution or indemnity in case where consumer brought suit against dealer. The Court of Appeals of Texas, Fourteenth District, Houston held that a manufacturer is not required to provide contribution or indemnity is suit by consumer against dealer under Tex. Civ. Prac. & Rem. 82.002 because suit did not concern bodily injury or tort. The court also found that because manufacturer did not participation in arbitration and was not adjudicated responsible, contribution or indemnity was not available under Tex. Civ. Prac. & Rem. 32.002. Charlie Thomas Ford, Ltd. v. Ford Motor Co., 2021 Tex. App. LEXIS 1494 (Tex. App.—Houston [14th Dist.] Mar. 2, 2021). Click here for more.