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Legal Insights

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Stay informed with practical guidance from Patterson Bray on the legal questions that matter most to Tennessee families and business owners.
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Credit Application and Small Business

Signing a Credit Application on Behalf of a Company Could Subject You to PERSONAL Liability Most small business vendors and suppliers require a company officer to sign a Commercial Credit...

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Law FAQ: I bought a car yesterday but now think I made a bad decision. I have 3 days to get my money back, right?

No.  There is no “cooling off” period in Tennessee that gives you the right to back out of a car purchase simply because you’ve had a change of heart. Of...

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What is a Deposition? Law FAQ

A deposition is similar to a witness testifying in court, except that it occurs in an out-of-court setting.  A witness at a deposition is referred to as the “deponent.”  A...

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Law FAQ: Is my car a lemon?

Is my car a lemon? Tennessee’s Lemon Law is intended to protect new car purchasers from the occasional vehicle that, for some reason or another, has problems that are beyond...

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Law FAQ: What is a HEET?

A HEET is a Health and Education Exemption Trust.  This time of year many clients are making gifts to their children and grandchildren.  They often forget that gifts in excess...

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Law FAQ: What is negligence? What is a legal duty? (Part 2)

In yesterday's blog post, I listed the 5 basic elements for a negligence claim: duty, breach, injury, causation, and proximate/legal cause. Today's post will focus on the first 2 elements which, for...

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Law FAQ: What is negligence?

Negligence is the legal term for failing to exercise reasonable care and caution under a given set of circumstances.  It is commonly referred to as “the ordinary, reasonable man” standard. ...

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Who are my Beneficiaries? A critical question in planning for the future.

How does Property Pass to Beneficiaries? Do you know who your beneficiaries are? When we ask clients this question, their first response is often quick and affirmative. However, we frequently...

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Is Tennessee a Community Property State for Estate Planning?

Tennessee is NOT a Community Property State Community property states such as California and Texas, permit assets to receive a step-up in basis to the current fair market value (FMV)...