Why is it important to distinguish between property damage and economic loss?

What will be an ideal response?


The type of loss-personal injury, property damage, or economic loss-also determines whether the plaintiff will select a contract or tort claim.

Legal Studies & Paralegal

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The organization of a memorandum of law often depends on the type of legal authorities controlling your case

Indicate whether the statement is true or false

Legal Studies & Paralegal

The “beneficiary” is the party that holds the equitable title to the trust property and derives the benefit and enjoyment of the property. Essentially this means:

a. that the beneficiaries of a trust are entitled to receive all the trust's income and profits. b. that holding the equitable title to the trust property always indicates that a trust is valid. c. that anyone is looking to bequeath real property should have a trust. d. all of the above

Legal Studies & Paralegal

Once jurisdiction and venue have been properly established, this person files the petition for probate:

a. The attorney b. The personal representative c. The paralegal d. The beneficiary

Legal Studies & Paralegal

The original tenant, after an assignment or sublease, remains responsible under the lease. 

Answer the following statement true (T) or false (F)

Legal Studies & Paralegal