Oklahoma Contracts Legal Questions

To answer your quesiton, we need to address what "POA" means.  It stands for Power of Attorney.  While your Aunt is living, she can name someone as a power of attorney to handle her legal affairs (sign contracts, talk to the bank, untility company, etc on her behalf), but that power only exists while your Aunt is alive.  The POA is not a Last Will and Testament.  The POA does not control who inherits.  When your Aunt dies, the POA ceases to have power.  Normally, you only give a POA to someone you trust completely, because they have complete power over everything you own.  Neither your cousin or your Dad have any right to inherit based only on a POA.   If your Aunt prepared a Last Will and Testament ("Will"), then the Will governs who will inherit.  If your Aunt did not prepare a Will, then her property would go to her next of kin according to the order listed in the state statutes.  (Spouse, children, siblings and so forth). I would need to review any documents you are speaking of to be sure what legal rights exist. ... Read More

I assume from this scenario that you were supposed to be the buyer, and that after you accepted the seller's offer, the seller breached your contract by selling the product to someone else.  You can sue the seller for the lesser of (a) the difference between you agreed to pay and the value of the goods (evidence of which is the price the seller received from the other buyer) or (b) you can buy replacement goods on the open market and sue the seller for the difference between what you paid and what you had contracted to pay the seller.... Read More

The particulars vary by jurisdiction, but interest is generally awarded on any set amount of a debt as a direct and forseeable element of damage.  The idea is that if you hadn't breached the contract, but had paid the money on time, the plaintiff could have invested the money.  At the least, the plaintiff could have put the money in a CD and earned interest on it.  The ability to use the money is worth something; receiving $1000 today is worth more than receiving $1,000 in 3 years.  Because it's so difficult to calculate the exact interest amount which was lost, the interest rates recoverable are generally set by statute.  For example, in NY it's 9%.... Read More

Oklahoma has adopted Transfer on Death Deeds which allow you to file a deed now transferring title to all three children that takes effect on your death. This is better than leaving it to them in your Will because it doesn't require probate, may easily be changed or canceled before you die, and you still maintain ownership until them. ... Read More