Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Ms. Bondurant builds a house near the edge of her property even though she's been warned the ground isn't stable there. When she discovers

1. Ms. Bondurant builds a house near the edge of her property even though she's been warned the ground isn't stable there. When she discovers the earth on your property next door slipping away into a natural sinkhole in a way that threatens her house, she tells you you'll have to fill it in or she'll take you to court. Do you have an obligation to support Ms. Bondurant's land here? Explain your answer.

2. The Mas has a natural spring on their land. The water bubbles up from beneath the ground and flows along a channel it's created for itself onto a neighbour's property. Mr. Mas has had a dugout made next to the spring. The spring can fill the dugout, and the water is used for the Mas' sheep, but now there's none left to flow onto the neighbour's farm. Are the Mas acting within their rights? Explain your answer.

3. Research what Interests might exist in your current home. Easements? Mortgages? Leases? City Restrictions? Condo Restrictions? If you can't find this, give three examples of Real Property interests and explain what they are.

4. Research options for financing or paying for a home. Look at bank websites and Canadian articles. Explain the difference between

A) a conventional Mortgage

B) a Home Equity Loan

C) a CMHC High Ratio Mortgage

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Legal Environment Of Business Online Commerce Ethics And Global Issues

Authors: Henry R. Cheeseman

8th Edition

013397331X, 978-0133973310

More Books

Students also viewed these Law questions

Question

Should I always have a kickoff meeting?

Answered: 1 week ago

Question

The quality of the proposed ideas

Answered: 1 week ago

Question

The number of new ideas that emerge

Answered: 1 week ago