Detroit Business Law – Resources for Metro-Detroit Businesses
Resources for Metro-Detroit Businesses
The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 (or “CARD Act”) went into effect on Monday, February 22. The purpose of this Act was to prevent credit card companies from using predatory lending practices and excessive penalties for credit card customers.
CARD Act – How the New Credit Card Law Works Read MoreA mortgage has priority over other liens on the property from the date it is recorded with the Register of Deeds. The mortgage can also have priority for amounts advanced …
To Quality as a Future Advance Mortgage, Correct Language Must By Included in the Recorded Mortgage Read MoreThe Michigan Court of Appeals recently reaffirmed the Michigan Common Law that when a plaintiff enters into a release and provides an accord and satisfaction to settle a lawsuit, that …
Don’t Sign the Satisfaction Unless You’re Satisfied Read MoreThe Michigan Court of Appeals decided an interesting procedural issue regarding the appeal of post-judgment orders awarding or denying attorney’s fees. In Mossing v. Demlow Products, Inc. (2010), the trial …
Separate Appeal of Attorney’s Fees and Costs Read MoreThe Internal Revenue Service is making a one-time, extraordinary allowance to taxpayers who make qualifying contributions for Haitian earthquake relief.[1] Individual taxpayers who itemize their deductions for 2009 may deduct …
2009 Federal Tax Benefit for Qualifying Contributions for Haitian Earthquake Relief Read MoreUnder Michigan law, a property’s taxable value is capped and may not increase by more than the rate of inflation until ownership of the property is transferred. However, there are …
Keeping Property Tax Values Capped Upon the Death of a Joint Tenant Read MoreThe Elliott-Larsen Civil Rights Act (“CRA”), which prohibits discrimination on the basis of race, sex, religion, etc., does not apply to “ministerial” employees of religious organizations. The Michigan Court of …
Religion and Civil Rights Act Exception Read MoreFaced with tighter budgets, Michigan cities and townships are looking for additional ways to raise revenue. Due to the Headlee Amendment, property tax increases are severely restricted. However, a municipality …
When is a License Fee Really an Illegal Tax? Read MoreOn December 23, we posted an article about the Lake Michigan Asian carp dispute. In December, Michigan Attorney General Mike Cox asked the United States Supreme Court to close all …
Update on the Asian Carp Dispute Read MoreLast week, the Supreme Court issued an important decision on the free speech rights of corporations. The law has long recognized that, just like individuals, corporations are protected by the …
Important Supreme Court Decision on Corporate Free Speech Read More