Justice Chambers

THE RADIANT JUSTICE CHAMBERS, OBAFEMI AWOLOWO UNIVERSITY   LEGAL NUGGETS⚖️ LIS PENDENS KEY TAKEAWAYS • A lis pendens is an official, public notice that a property has a pending lawsuit or claim attached to it. • Lis pendens can only be filed if a claim is related specifically to the property; however, it specifies that the owner of the property must assume any litigation associated with it. • Lis pendens are common divorce cases in which spouses are divvying up assets, or in cases in which a home is up for foreclosure after a borrower is delinquent.    FROM THE OFFICE OF THE DIRECTOR OF LITIGATION AND RESEARCH

THE RADIANT JUSTICE CHAMBERS, OBAFEMI AWOLOWO UNIVERSITY  LEGAL NUGGETS⚖️   SUMMARY JUDGEMENT  ¶ Summary judgment is given when there is no dispute as to the material facts of the case and a party is entitled to judgement as a matter of law.  ¶ The purpose of a summary judgment is to avoid unnecessary trials.  Moreover, it may simplify a trial. Any party may move for summary judgment. It is also not unusual for both parties to do so.   ¶ In summary, the criterias for getting a summary judgment includes:  i. The absence of a genuine issue regarding the material facts and  ii. The party who moves the motion must be entitled to judgment as a matter of law.  ¶ A final judgment is given only if granting of summary judgment settles all issues concerning all parties.   FROM THE OFFICE OF THE DIRECTOR OF LITIGATION AND RESEARCH.

THE RADIANT JUSTICE CHAMBERS, OBAFEMI AWOLOWO UNIVERSITY Legal Nuggets⚖️   BILL OF SALE   KEY TAKEAWAYS • Insolvency is a state of financial distress in which a person or business is unable to pay their debts. • Insolvency in a company can arise from various situations that lead to poor cash flow. • When faced with insolvency, a business or individual can contact creditors directly and restructure debts to pay them off      FROM THE OFFICE OF THE DIRECTOR OF LITIGATION AND RESEARCH.

THE RADIANT JUSTICE CHAMBERS, OBAFEMI AWOLOWO UNIVERSITY   Legal Nuggets⚖️   BILL OF SALE    KEY TAKEAWAYS •A bill of sale is a document that details in writing a sale of goods or transfer of property from one party to another. It serves as a legal evidence that full consideration has been provided in a transaction and that the seller has transferred the rights to the assets detailed in the bill of sale to the buyer. • A bill of sale is a legally recognized documented record of a transaction. • A bill of sale may take the form of absolute or conditional depending on the terms therein. • Today, bill of sale is commonly used when transferring title to property from one person to another.     FROM THE OFFICE OF THE DIRECTOR OF LITIGATION AND RESEARCH.