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Explain when a remainder is permitted to sue a life tenant. Explain what a time is of the essence clause in a sale contract refers

  1. Explain when a remainder is permitted to sue a life tenant.

  1. Explain what a "time is of the essence" clause in a sale contract refers to, and explain in what situations it would be used.

  1. What is the Statute of Frauds? Why is it important to real property law?

  1. What is an easement in gross?

  1. What does it mean that a property is underwater?

  1. Describe the warranty of habitability.

  1. Under the modern definition of landlord-tenant relationships, what specific duties due landlords owe to their tenants.

  1. What is the difference between a present and future interest? Give an example of each.

  1. What are the elements and effect of adverse possession?

  1. Who has the right to create a restrictive covenant?Give an example of a valid and invalid type of restrictive covenant.

  1. List and explain tenancies available in a landlord/tenant relationship.

  1. List the elements of a legally valid deed.

  1. What remedies do a Broker/Seller/Buyer have to each other in the event of a breach of contract?

  1. Describe the elements of fraud and negligent misrepresentation. Explain the difference between them. Give examples of each.

  1. Describe and contrast the various concurrent ownership estates available.

  1. What rule of disclosure is set forth in Stambovsky v. Ackley? What do Sellers need to disclose? What can they do if they do not disclose?

  1. What duties does the Broker/Agent owe to his/her client (Seller)? What duties does the Broker/Agent owe to the Buyer. Explain what each duty entails.

  1. List the elements of a legally valid will. Is there a way to correct a vague description of the property? Explain.

  1. What is the General Rule of Validity? How does it affect electronic negotiations?What can be done to protect the client?

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