What is a subdivision plan?
What will be an ideal response?
A subdivision plan is a plan to divide a single parcel of land into smaller lots for purposes of development. Each parcel must meet the zoning and governmental requirements.
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Consultants are
a. employed by law firms b. used on an “as needed” basis c. used as expert witnesses d. all of the above e. b and c only
A note signed by both A and B on which they have joint and several liability is one on which A is responsible for one-half of the note and B is responsible for one-half of the note.
Answer the following statement true (T) or false (F)
In some development financing arrangements, funds are provided to cover out of pocket costs of construction and are usually released by the lender based on the percentage of completion of the project by a:
A. Construction lender B. Completion lender C. Permanent lender D. Temporary lender
Which branch of government interprets, through case law, the laws created by the other branches of government?
A) legislative B) executive C) judicial