Question
What additional assurances are required to confirm legal capacity or authority when a party to a real estate contract is not an adult individual -
What additional assurances are required to confirm legal capacity or authority when a party to a real estate contract is not an adult individual - i.e. a minor, incompetent, estate, trust or other business entity? Discuss additional verification requirements for one or more types of 'non-adult individual' parties.
OR
B. What remedies are available to an 'injured' party upon breach of a real estate contract? Identify the remedy would you choose as an injured Buyer and the remedy you would choose as injured Seller. Discuss the benefits and detriments of the remedies chosen
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