The same issue was again before the court in 1945 in McClintic v. Dunbar Land Co. The case involved six notes that were secured by a vendors’ lien. The notes were payable on a sequential, consecutive basis with the first becoming payable on November 26, 1920 and the last on November 26, 1925. The plaintiffs filed the action for non-payment of the notes in 1943. The defendants contended that W. Va. Code § 55-2-5 barred action on the first three notes because more than 20 years had passed.…
FACTS: OL, an LLC, is reimbursing their mechanics for the cost of their training. If the mechanics have to travel, OL will reimburse their meals and lodging. OL will also reimburse the mechanics for any purchased tools necessary for the business. Each employee is eligible for a maximum reimbursement of $2,000 and must submit documentation to OL to receive the reimbursement.…
The Connecticut Land Co proprietors invested $1,200,000 in the Western Reserve hoped that the lands would make them all rich. In order to do that, they needed to divide the Western Reserve’s 3 million acres into smaller lots and sold those at a profit to settlers. The Connecticut Land Company wanted potential settlers to view a map and feel the areas they want to buy was a suitable place surrounded by an efficient system of roads and agricultural lands. Therefore, they used surveys and maps of Cleveland as a marketing tool to attract buyers. The Connecticut Land Co. also had to guarantee that the settlers’ investments would be protected if problems arise.…
In this case, the City of Monroe, North Carolina decided in April of 2002, to supply the citizens of Monroe and surrounding area with natural gas through a direct connection between its natural gas distribution system and the Transcontinental Pipeline. The Transcontinental Pipeline transports and distributes natural gas from the Gulf of Mexico up through the northeastern United States. The parties of this case requested the court to focus on the validity of a local government’s exercise use of its power of eminent domain. According to our textbook, Business Law Text and Cases, eminent domain is sometimes referred to as the condemnation power of government to take land for public use. The town of Monroe, North Carolina entered into an agreement with the town of Midland to facilitate the acquisition of land for the construction of the new pipeline by acquiring the rights of way to local land required for the installation of the pipeline. Per the agreement, Midland had the option to tap the pipeline at discounted rate. Midland then exercised its eminent domain authority to condemn the need…
The letter is from NHA and not BOD of NewCo. It is important to mention that I do not represent him individually.…
I chose to do my research paper on land claims. In this paper I will give an assessment of…
Georgia is among the few states where the foreclosure process is concluded within a shortest time. This is because the borrower gives the title of the property to the lender through a deed or a trust. The lender owns the property until the borrower pays he debt. If the borrower fails to pay, the lender can declare the deed in order to secure the debt. The reason for the short foreclosure time is that a court order is not required and the backlog of cases that exist in the courts does not delay the process. Foreclosure laws in Georgia provide that lenders may foreclose trusts or deeds using judicial or non-judicial foreclosure processes. The judicial foreclosure process involves filing a lawsuit and obtaining a court order to foreclose. This…
Let X represent the amount of time it takes a student to park in the library parking lot at the university. If we know that the distribution of parking times can be modeled using an exponential distribution with a mean of 4 minutes, find the probability that it will take a randomly selected student more than 10 minutes to park in the library lot.…
This case revolves around a house built on a 76-acre parcel of real estate by Thomas and Teresa Cline in Augusta County, Virginia next Roy Berg’s home. Even though the two homes were about 1,800 feet apart from each other they still remained in view of each other. Both parties had several disagreements which lead Berg to equip an 11-foot tripod with motion sensors and floodlights that would intermittently illuminate the Cline’s home. Surveillance cameras, that transmitted on an open frequency which could be received by any television within range, tracking some of the movement on the Cline’s property was also installed by Berg. The Cline’s requested for Berg to turn off or redirect the lights. Upon…
Josh Cantwell earned his reputation in the real estate market by actively taking part in hundreds of real estate deals. To share the knowledge he has gained over the years, Mr. Cantwell opted to co-found Strategic Real Estate Coach. Thanks to the unique business approach he uses, he is able to find a good balance between his work and his home life, allowing him to focus on his wife and young daughter. Individuals who choose to follow in his footsteps find they are able to do the same.…
We, the Martha's Vineyard HOA board, are committed to doing everything in our power to not raise the HOA fees. That is one of, if not, the primary reason we were elected. The document you have in front of you, the annual reserve study, was prepared by an outside company to review our situation and make their financial recommendations. We are required by law to run these studies annually and to get the information we need to make financial decisions regarding our reserves and the repairs/upgrades necessary for our complex.…
This case involves an investigation of the factors that affect the sale price of Oceanside condominium units. It represents an extension of an analysis of the same data by Herman Kelting (1979). Although condo sale prices have increased dramatically over the past 20 years, the relationship between these factors and sale price remain about the same. Consequently, the data provide valuable insight into today’s condominium sales market.…
With many lawyers who occupying the real estate business, it really becomes a tough job to select the kind of attorney for your purpose. Not all lawyers are equipped to attend to your cause professionally. Therefore it is very important for you to ascertain whether the lawyer you intend to hire is suitable for your lawsuit or not.…
Pat was very frustrated because she wanted to purchase a home but lacked the funds or credit to do so even though Pat was expecting shortly to receive a one-half million dollar final installment payment for some land she sold several years earlier. Dan knew that Pat was very interested in purchasing a home and approached Pat with a proposal to assist Pat in buying a home. Dan told Pat that he would help Pat with the financing. After finding the home she wanted to buy for $250,000, Dan and Pat orally agreed that Dan would purchase the home and "when you come up with the money, I (Dan) will sell it to you (Pat) for $250,000 plus a fair commission to be determined."…
In this paper we will also introduce the different persons involved in the process of registering real estate property, define their roles, the procedures that should be followed to register a property, the difference between a registered and a non-registered property and a case study that illustrates the role of…
