Under the Statute of Frauds, any contract that transfers an ownership interest in real property must be in writing to be enforceable. Describe what is meant by "real property" for purposes of the Statute of Frauds.
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For purposes of the Statute of Frauds, "real property" includes land, as well as any buildings, trees, soil, minerals, timber, plants, crops, fixtures, and things permanently affixed to the land or buildings. Additionally, certain items of personal property that are permanently affixed to real property are fixtures that become part of the real property. Moreover, other contracts that transfer an ownership interest in land that must be in writing under the Statute of Frauds include mortgages, leases for a term over one year, and express easements.
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The Real Estate Settlement Procedures Act (RESPA):
A. requires that title insurance be purchased from the company specified by the seller. B. requires that buyers receive advance disclosure of the settlement costs that will be incurred. C. is designed to prevent discrimination against pregnant women and families with children in settlement procedures. D. permits settlements for referral of business to title companies.
Under the Statute of Frauds, a written note or memorandum may suffice if it is signed by the party against whom the claim for breach of contract is made
Indicate whether the statement is true or false
Which of the following is true about a 401(k) plan?
A) There is no penalty for early withdrawal of these funds. B) There is no limit on the dollar amount you can contribute. C) Your contributions are automatically vested and are yours, regardless of when you leave the firm. D) 401(k) contributions are made after taxes are paid on your salary.
What are the three types of evidence necessary to form a conclusion regarding the results of the bystanders and thieves study? Explain how each form of evidence would be used to draw a conclusion for the example provided.
What will be an ideal response?