What is the purpose of withholding funds from the seller's proceeds of the sale?
What will be an ideal response?
Sometimes there are issues related to the contingencies in the agreement of sale or objections raised on the title report that cannot be resolved prior to settlement. In an effort to complete the sale, a portion of the seller's proceeds may be placed in an escrow account. The funds are released to pay for the item and any balance is refunded to the seller.
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Formal sanctions imposed on attorneys for violations of the rules governing professional conduct include which of the following??
A. ?Reprimand B. ?Suspension C. ?Disbarment D. ?All of these choices are correct.
At common law, the father of an illegitimate child had no standing to intervene in an action to adopt his biological child
Indicate whether the statement is true or false
A legal technician or independent paralegal differs from a freelance paralegal in which of the following ways?
a. A legal technician can practice law b. A legal technician does not work under the supervision of an attorney c. A legal technician must have an undergraduate degree from an approved university d. None of these choices are correct
The acronym used to refer to the analytical process is IRAC.
Answer the following statement true (T) or false (F)