One of the tasks at the closing is ensuring that any clouds on the title are cleared. Both the buyer and the seller are required to sign and submit affidavits. Describe the contents of the Buyer's and Seller's Affidavits of Title
What will be an ideal response?
The buyer confirms that she is the purchaser of the property, over 18 years of age, and under no legal disability that would prevent her from entering into a contract and that they have not created any debt, other than the mortgage being created at the closing. For the seller, the affidavit states that he is over 18 years of age and not suffering from any condition that would impact their mental faculties; that all taxes, water, sewer, and other municipal charges have been paid, that there are no repairs to the house that have not been paid for, that no notices of building or zoning code violations have been received.
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Persons who are in pari delicto are not equally at fault.
Answer the following statement true (T) or false (F)
Federal courts can hear cases that pertain to the U.S. Constitution, acts of Congress, or treaties, based on:
a. Exclusive jurisdiction b. Federal-question jurisdiction c. Diversity-of-citizenship question d. Concurrent jurisdiction
What is Discharge & Surcharge?
What will be an ideal response?
Distinguish accession from confusion
What will be an ideal response?