The recording acts determine which party will prevail when a piece of property is given to at least two different parties. There are three types of jurisdictions under the recording act: notice jurisdiction‚ race jurisdiction‚ and race-notice jurisdiction. In a notice jurisdiction‚ the purchasers will prevail over an earlier purchaser if the current purchaser had no knowledge of the transfer and there was no record of the earlier purchaser’s deed. In a race jurisdiction the determination of which
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business to start with limited funds whereby the owner‚ Mary Chia‚ registered her business under the Business Registration Act. But‚ there is no legal distinction between her personal property and the assets of the business. In case her business fails‚ her liability is unlimited and it will extend to her personal properties. Another business concept would be Social Environment – Characteristics of Population (Gender) (ref: Unit 3 Factors That Impact Business Activities). In the article‚ Ms Ho states
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Forward Ijarah for House Financing – stand alone basis It is a product offered for purposes of home financing where the property financed is not completed yet or still under construction. As the usufruct is not available due to non-completion of property‚ the bank uses the concept of Forward to enable collection of payment for progressive releases made pending completion of the property. 2. Forward Ijarah for House Financing (Hybrid – combined with Musharakah Mutanaqisah) Forward Ijarah Portion Musharakah
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“My wood” – E.M. Forster (1926) In modern society‚ most people who obtain a product – whether it is of great value or not – would call that object their rightful property. It is the most natural way of thinking; what’s yours is ultimately yours. In the non-fiction essay “My Wood” by E.M. Forster‚ the author encourages those who come across the essay to contemplate the nature of materialism and the power of possessions. The essay wittingly depicts Forster’s reaction to the ownership
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When property is taken to represent a bundle of rights at the common law‚ then the right to exclude others from the benefits of a property is the leading right of the property owner.[1] This is because only excludable resources can be propertised or have ‘property status’. That is‚ without an excludable nature‚ resources cannot be legally regarded as property.[2] Thus‚ it can be held that property ‘consists primarily in control over access’.[3] As a dynamic concept‚ the scope and nature of
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LESSON PLAN 9 WRITTEN ASSIGNMENT (METZGER V. AMERICREDIT SERVICES‚ INC.) NATIONAL AMERICAN UNIVERSITY COURSE: LA 3100 PROFESSOR: ETHAN SCHMIDT AUTHOR: GLADYS M. DIXON LESSON PLAN 9 WRITTEN ASSIGNMENT (METZGER V. AMERICREDIT FINANCIAL SERVICES‚ INC.) Questions A. Briefly explain Theresa Metzger’s claim against Americredit Financial Services‚ Inc. * Theresa Metzger appeals from an order entered by the Superior Court of Clayton County granting partial summary judgment
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CHANCERY DIVISION WALSH v. LONSDALE [1882 W. 1127.] This is one of the most frequently cited authorities on the effect of the Judicature Acts so far as the fusion of law and equity is concerned. Essentially the question down on whether the defendant could bring a legal remedy (distress) with respect to a lease which formerly would have been regarded as equitable only (effectively an agreement to grant a lease rather than one in proper legal form). Facts:The Defendant on the 29th of May 1879‚ agreed
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400 acres to someone else beccause land is important to own for many reasons. One reason is because the land is a family owned property. Another reason is because If I sell my property‚ then I would have to become a sharecropper. The final reason I wouldn’t sell is because a lot of good things are going to happen in the future. That is why I wouldn’t have sold my property. The first reason I would not sell is because the land was family owned for years and a lot of work has been put into that
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social ties amongst citizens’ and gender influence property rights. According to Walker’s article‚ “Social relations underpin property rights‚ signifying who can claim a right to what‚ and under what conditions” (Walker 312). In some cases‚ this could be unfair and in other cases‚ some would say it is a blessing. On the unfair side‚ a person may not deserve
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(Exhibit F) before the Justice of Peace of Umingan on December 23‚ 1936. Issue : WON the killing of Petras was justified by defenseof property Held: No; the right to property is not of suchimportance as right to life‚ and defense of property canbe invoked as a justifying circumstance only when it iscoupled with an attack on the person of one entrustedwith said property. People vs. Narvaez‚ 121 SCRA 389 (1983) FACTS: Mamerto Narvaez has been convicted of murder(qualified by treachery) of David
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