Explain the concept of equitable right of redemption.
What will be an ideal response?
The equitable right of redemption is the right to buy back the property at any time prior to a forced sale by paying the full amount of the delinquency owed and all additional charges. In some states, the owner may redeem the property even after a forced sale by paying the amount owed, plus any additional interest and charges. This right, if granted, is a statutory right and is known as the statutory right of redemption.
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Answer the following statement true (T) or false (F)
?A sole proprietor must file
A. ?an income tax return for the entity and for him- or herself individually. B. ?an individual income tax return only. C. ?an income tax return for the entity only. D. ?a profit and loss statement only.
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Answer the following statement true (T) or false (F)
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Answer the following statement true (T) or false (F)