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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.
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 a land contract?
A land contract is also known as a land installment contract and a contract for deed. It is a contract between a buyer and seller for real property where the seller provides the financing with specific terms.
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.
What are the laws for distributing assets between husband and wife if they have a divorce in California?
Unless it is agreed upon beforehand, all property acquired during a marriage in California is considered community property. This means that it is split evenly upon a divorce.
A contract between Kim and Larry to lease real property contains an exculpatory clause This clause is?
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.
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.
What is the definition of a lease agreement form?
A lease agreement is a contract that is set up between a landlord and the tenant with rights and obligations in regards to a property which the ladlord rents to the tenant.
What is an examle of contract force?
An example of contract force is the contractual obligation between a landlord and a tenant. In this scenario, the tenant agrees to pay rent in exchange for the right to occupy the property, while the landlord commits to maintaining the property and ensuring it is habitable. If either party fails to uphold their end of the agreement, the other party can seek legal remedies based on the contract. This mutual obligation creates a binding force that governs their relationship.
What is the difference between breach of contract and discharge of contract?
Discharged mean terminated. A contract can be discharged by -performance -frustration -Agreement between the parties and -breach If there is a breach of terms of the contract, a contract can be discharged.
