Explain the ways a purchase of real property may be financed.
What will be an ideal response?
The purchase of real property may be financed in a number of ways. The buyer may pay all cash and take title clear of all mortgage liens. Alternatively, the buyer may seek out a new conventional, FHA, or VA loan; take the property subject to the existing mortgage; assume the existing mortgage; or receive a purchase money mortgage loan from the seller.
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In Griffin v. California (dealing with the privilege against self-incrimination), the U.S. Supreme Court held that?
A. ?Griffin's conviction should be upheld because he did not testify at trial. B. ?the prosecution could not comment on Griffin's silence during the trial. C. ?the prosecution could comment on the defendant's silence during the trial. D. ?the prosecution could not comment on the defendant's silence during trial but the judge could instruct the jury that the defendant's silence is evidence of guilt.
Factors considered when determining the child support award do not include:
A. Each parents' income. B. The cost of living. C. Health coverage for the children. D. Whether grandparental visitation has been ordered.
One way to protect your family possessions from liability is to
a. have a disclaimer in your business contracts b. set up the business in a different county than where you live c. incorporate the business d. register the business under a false name
It is the unauthorized practice of law for a paralegal to
a. prepare legal forms without the supervision of an attorney b. prepare legal forms for his or her own case c. give legal advice to his or her friends d. all of the above e. a and c only