A loan to finance the purchase or transfer of 25 or more acres is exempt from RESPA.
Answer the following statement true (T) or false (F)
True
You might also like to view...
What is contractual capacity, and why is it important? What are some situations in which a court might consider whether contractual capacity is lacking or questionable?
What will be an ideal response?
If a defective product causes injury to a plaintiff, under Restatement 2d Torts 402A:
a. The element of causation need not be proved. b. The manufacturer will still be liable even if the plaintiff misused the product. c. The element of causation is the same as it is for intentional torts. d. The element of causation is the same as it is for negligence.
What is a profit or license? How does a profit or license differ from a covenant? From an easement?
What will be an ideal response?
A deed, once signed by the grantor, conveys ownership of the property to the grantee.
Answer the following statement true (T) or false (F)