Thompson Developers, Inc was selling a piece of undeveloped land to Williamson Builders. Third Escrow, Inc was the escrow agent for the transaction. The escrow instructions required Thompson to remove all mechanics' liens before closing. When Third
Escrow ran the title search, it discovered 3 mechanics' liens for $129; $250 and $79 respectively. Thompson assures Third it will pay the lien holders. Can Third Escrow close based on the assurances?
?No; not without violating its duties. It must have the liens removed according to the instructions. Cannot violate restrictions.
You might also like to view...
Young teenage girls are very heavy users of makeup (especially eye shadow)
Though the size of this market is smaller than the larger adult market, marketers have learned that the consumption pattern is very heavy and these young women experiment with many varieties of products. This market most closely resembles which of the following principles? A) The 80/20 principle B) The pyramid principle C) The derived demand principle D) The surrogate buyer principle
According to Abraham Maslow, at the ________ level of motivation, a musician must make music, an artist must paint, and a poet must write, if he is to be at peace with himself.
A. fulfillment B. belonging C. survival D. respect
From a consumer's perspective, what are the limitations of getting information from an online review?
What will be an ideal response?
Explain the VALS framework
What will be an ideal response?