Most loan commitments require an appraisal of the value of the property be delivered to the lender for review and approval prior to closing. 

Answer the following statement true (T) or false (F)


True

Legal Studies & Paralegal

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What percentage of people in the U.S. currently live in a community property state?

What will be an ideal response?

Legal Studies & Paralegal

Drake Paralegal's cell phone rang. When he answered it, his best friend, who lives in another state, said: "Drake! I've just been stopped by the police! What should I do?" Drake responded: "Keep your mouth shut except to ask for a lawyer." Then the phone connection was lost. Which of the following is true?

A) Drake's response was not UPL because his friend did not specifically ask for legal advice. B) Drake's response was not UPL because it was not legal advice, just common sense advice. C) Drake's response was UPL because he assessed his friend's legal need, applied his knowledge of the law to it, and gave a response. D) Drake's response was UPL because he gave advice in a criminal matter.

Legal Studies & Paralegal

What federal law legitimized the ability of parties to form contracts electronically both at the federal and state levels?

a. Uniform Electronic Transactions Act (UETA) b. E-SIGN Act c. Principles of the Law of Software Contracts d. Uniform Commercial Code

Legal Studies & Paralegal

De-duping means to:

A. Organize various important data B. Electronically eliminate copies of the same document C. The process of identifying key words, or other criteria such as author, type of document, and due date D. None of the above

Legal Studies & Paralegal