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A contract between Kim and Larry to lease real property contains an exculpatory clause This clause is?
Wiki User
∙ 14y ago
A contract between Kim and Larry to lease real property contains an exculpatory clause. This clause is
a.
enforceable only if either party is in a business important to the public interest.
b.
enforceable only if the lease involves residential property.
c.
generally enforceable as a matter of public policy.
d.
generally unenforceable.
Wiki User
∙ 14y ago
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What is a land contract?
A land contract is a real estate agreement where the buyer makes payments directly to the seller instead of getting a mortgage from a lender. The buyer takes possession of the property but the seller retains legal title until the full purchase price is paid. It's a way for buyers who may not qualify for traditional financing to purchase property.
How is property created?
How property is created is a matter of debate in political philosophy and contract theory in economics. Generally, most economists assume that property is a matter of contract, by which property belongs to a party based on agreements between different economic actors.
What is contained in a Purebred dog contract?
A purebred dog contract contains the pedigree of the dog for at least 5 generation of proof purebred status. The contract usually also contains the breeding right given or kept between the breeder and the buyer.
How would one describe a land contract?
A land contract is a contract between seller and buyer of property. A contract is only made when an agreement between seller and buyer has been reached. The seller becomes the land owner only when the full payment has been made.
What is conveyance deed?
A legal contract between a buyer and a seller which transfers ownership of land or property from the one to the other.
What is contract and agreement?
There is a minor difference between contract and agreement. The outline of a contract is more formally presented than the terms laid out in an agreement. A contract contains the obligations and authority that the court has to enforce while the agreement is a less formal version of the two parties obligations.
What is agreement contract?
There is a minor difference between contract and agreement. The outline of a contract is more formally presented than the terms laid out in an agreement. A contract contains the obligations and authority that the court has to enforce while the agreement is a less formal version of the two parties obligations.
Difference between leasehold property and freehold property?
You don't have to pay rent of property which is called annual ground rent, while in leasehold means, you lease the property from owner of property for several years. This is the contract on based of rules, legal rights and responsibilities from both parties.
How is a term sheet used in business or school projects?
A term sheet is usually the basis for a contract. It contains the key points of an agreement between two parties. For a school project it simillary contains a discussion between the teacher and the student.
What is contract of employment?
A contract of employment is a document which describes the employer and employee agreement. The document contains the duties to be done over a certain duration and the amount of remuneration to be expected.
What are the internal contract and external contract?
internal contract is a contract that exists between the principal and agent. external contract is a contract that exists between the principal and a third party.
Is civil partnership applicable between man and woman in the UK?
No. Civil partnership is available to same sex couples only. It is intended as a state approved ceremony/ legal contract to give same sex couples the same rights as married couples with regard to property etc. The equivalent ceremony/ legal contract between male/ female contract is still a marriege.
