A mortgage holder’s agreement to honor a tenant’s lease upon foreclosure of the mortgage is known as an estoppel. 

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


False

Legal Studies & Paralegal

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The best course of action when there is a question as to whether a paralegal should be licensed in a field in which lawyers are exempted is to ignore the statute because there is little risk

Indicate whether the statement is true or false

Legal Studies & Paralegal

What is a type of informal, nonbinding trial in which disputing parties, usually businesses, present their side of the dispute to a jury of executives from the businesses?

a. Summary trial b. Arbitration c. Mini-trial d. Mediation

Legal Studies & Paralegal

The federal government has mandated the creation of child support guidelines but left their design up to the states. As a result, no two state guidelines are identical

Indicate whether the statement is true or false

Legal Studies & Paralegal

It is the closing agent’s responsibility to fill out a 1099-S reporting form.

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

Legal Studies & Paralegal