In regards to real property, the use that will generate the most profit is the:
a. Gross profit
b. Net profit
c. Highest and best use
d. Most-profitable use
C
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Which of the following best describes the Framers' intentions concerning the relationship between state and federal courts?
A) Federal courts were to be the primary courts under the Constitution, hearing all important cases, i.e., felony criminal proceedings. B) State courts were to be the primary courts with the federal courts possessing jurisdiction over a select group of cases. C) The Constitution created a system of federal courts to hear all cases and abolished the state court systems. D) The Constitution did not create any federal courts and specifically acknowledged the jurisdiction of state courts over all cases, federal and state.
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A. True B. False
A borrows $50,000.00 from Bank and pledges real property as security. After the loan, A sells the property to B, who buys subject to the mortgage. B then defaults on the mortgage loan. Under the following example, which of the following statements is/are true?
A. Bank may foreclose on property. B. Bank can sue A to recover debt. C. Bank cannot sue B to recover debt. D. A cannot sue B for reimbursement if A pays Bank. E. All of the above F. None of the above