Real Property - Contracts
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| show | Owner agrees to keep an offer open to sell or lease real property for a specified time and may receive money to hold it
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| show | Example of Unilateral contract
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| Land Contract | show 🗑
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| show | Also knows as land contract, installment contract. Seller retails legal title to property until final payment made
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| show | These require the completion of a certain act or promise before contract is binding
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| Liquidated Damages | show 🗑
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| Forfeiture clause | show 🗑
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| show | Seller Beware
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| Exculpatory Clause | show 🗑
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| show | found in contract. One party agrees to compensate other for a loss or damage that is sustained.
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| Liquidated | show 🗑
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| Actual Damages | show 🗑
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| show | Unrelated to the cost of the lost but only punishes the wrong-doer
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| Independant Contractor | show 🗑
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| Real Estate | show 🗑
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| Real Property | show 🗑
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| show | Fruits of nature, do not require annual cultivation and considered real property
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| Emblements | show 🗑
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| Riparian Rights | show 🗑
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| Littoral Rights | show 🗑
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| show | Land increases by deposit of soil by waters action.
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| show | When water recedes and new land is acquired.
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| show | Sudden loss of land, usually happens from natural disasters
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| Erosion | show 🗑
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| Intention, Method of annexation, Adaptation to real estate, agreement | show 🗑
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Created by:
stephavery
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