A title insurance commitment is a contract to issue insurance once the transaction has been closed.
Answer the following statement true (T) or false (F)
True
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What is the potential problem in reference to the statute of limitations in cases involving defective products?
What will be an ideal response?
You work for a firm of attorneys with primary responsibility to one lawyer, who is presently out of town and tells you to meet with his clients to sign a contract of sale for real estate. The clients are the sellers and the purchasers do not have an attorney. During the course of the conversation, after the parties read the agreement, you realize there was a misunderstanding on the part of your
clients as to terms suggested by the purchasers, although the contract is drawn in accordance with your clients' wishes. Your clients are elderly people, and it appears the purchasers may succeed in convincing them to change the terms to the detriment of your clients. The legal assistant should: A) Tell the clients they should not sign anything that would change the terms from those presently in the contract B) Advise all parties that the matter will have to wait until your employer returns in two weeks' time C) Make the changes to the contract that benefit your client and have them sign it D) None of the above
_______ is the process of capturing case-relevant information from a document
Fill in the blank(s) with correct word
An adversary proceeding in a bankruptcy case is similar to a civil lawsuit. The plaintiff is the entity that files a formal complaint with the court
Indicate whether the statement is true or false