How does one encumber an interest in real estate?
What will be an ideal response?
The right to encumber is the right of the fee simple owner to burden the property in some way. A typical encumbrance is a lien against the property such as a mortgage. An encumbrance can also be an agreement, such as a covenant or an easement which limit the use of the property.
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?Which is the LEAST reliable and complicated way to pay for long-term care?
A. ?Buying long-term care insurance B. ?Using a reverse mortgage on the home owned by the person needing care C. ?Accelerating the death benefits from life insurance D. ?Borrowing from the cash value of a whole life insurance policy
As a paralegal preparing a proof of claim for a client, you should
A. key in the client-creditor's name and address. B. insert the amount that the debtor owes the client. C. enter the date and the debtor's name. D. All of these choices are correct.
Legal advice may be __________________.?
A. ?telling a client what he or she can do B. ?telling a client what he or she cannot do C. ?answering a legal question D. ?telling the client what defense or legal argument to make E. ?all of the above
For a nonbusiness debtor, discuss the factors that relate to the selection of the operative chapter of the Bankruptcy Code under which the case is filed. Include in your discussion eligibility as well as other factors.
What will be an ideal response?