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Author Archives: Anonymous

A real estate investor purchased a home by taking out a $160…

A real estate investor purchased a home by taking out a $160,000 mortgage. After a few months, he sold the home to a buyer. According to the terms of the agreement signed by the parties, the buyer took the house “subject to the mortgage” and agreed to “assume payment of” the mortgage. A recession struck the area and the buyer found himself in financial difficul- ties. The buyer sold the home to a company that buys otherwise unsellable houses. Under the terms of the agreement signed by the parties, the company agreed to take “subject to the mortgage.” All deeds and the mortgage were properly recorded. After two months, the company ceased making mortgage payments. The bank that held the mortgage unsuccessfully demanded payments from the company, the buyer, and the investor. The bank properly instituted proceedings to foreclose, and the house was put up for judicial sale. Because the recession had severely depressed property values, the house sold for only $120,000. After the $120,000 was applied to the mortgage, $37,800 was still owing on the principal amount. From whom can the bank seek judgment to cover the deficiency?

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A woman arranged with a bank to take out a loan for $30,000,…

A woman arranged with a bank to take out a loan for $30,000, secured with a mortgage on her home. On June 3, the woman executed the note and the mortgage, and the bank gave her a certified check for $30,000. On June 4, the woman sold her home to a wealthy buyer for $150,000 in cash. The buyer knew nothing about the mortgage. On June 5, the buyer recorded her deed to the property. Two hours after the buyer recorded, the woman fled the country. On the evening of June 8, which was a Saturday, the buyer presented her niece with a deed to the property as a gift. At 10 a.m. on June 10, the bank recorded its mortgage. At 2 p.m. on June 10, the niece recorded her deed. After the woman missed her first mortgage payment on July 1, the bank employees went to the title office. They discovered the deeds to the buyer and her niece. The bank demanded that the niece satisfy the $30,000 mortgage. The niece filed an appropriate suit to determine the various interests in the property. The recording statute in the jurisdiction reads, in relevant part: “A conveyance of an estate in land shall not be valid against any subsequent purchaser for value, without notice thereof, unless the conveyance is recorded.” How should the court should rule?

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A fire broke out in a home that had been recently remodeled,…

A fire broke out in a home that had been recently remodeled, destroying the house and injuring the homeowner. An investigation by the fire marshal established that the fire started from a short in some wiring behind a wall. A small section of wiring that ran to an outlet through a narrow gap between a furnace chimney and a hot water pipe had had part of its outer sheath cut off. The homeowner filed suit against the electrical company that did the rough wiring. The parties stipulated for trial that the company had installed the wiring in compliance with the blueprints, and that the wiring had been inspected and approved by the building inspector before the chimney and the water pipe had been installed and the walls put up, all by different contractors. At trial, the homeowner introduced the report of the fire marshal establishing how the fire started, and evidence of his medical expenses and other damages. At the end of the homeowner’s case, the electrical company’s attorney rested her case and moved for a directed verdict. The homeowner’s attorney also moved for a directed verdict. How should the court rule on the directed verdict motions?

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Several years ago, a lender lent a borrower $1,000, and the…

Several years ago, a lender lent a borrower $1,000, and the parties agreed in writing that the borrower would repay the lender within one year. The borrower failed to repay the lender, but the lender took no action prior to the expiration of the five-year statute of limitations on suits for debt. Some time after that, the lender phoned the borrower and told him, “If you’ll pay me$600 now, I’ll forget all about that unpaid $1,000 debt.” The borrower agreed orally and then sent the lender a signed letter, which stated, “I, the borrower, agree to pay the lender $600.” The borrower never paid the lender the $600 and the lender sued the borrower shortly thereafter. What is the lender entitled to recover?

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In the pseudocode for the dfs function for partitioning the…

In the pseudocode for the dfs function for partitioning the vertices in a graph into disjointed components, what is the missing pseudocode statement? dfs(graph, v, s):     mark v as visited     s.add(v)     for each vertex, w, adjacent to v:         if w is unvisited:            

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What type of diet would the CNA expect to be ordered for som…

What type of diet would the CNA expect to be ordered for someone with difficulty swallowing?

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What bed position is best for to relieve tension on abdomina…

What bed position is best for to relieve tension on abdominal incision after abdominal surgery?

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How many ounces in a tablespoon? write answer in decimal and…

How many ounces in a tablespoon? write answer in decimal and not fraction form ounces

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A CNA is caring for a patient who has been placed in restrai…

A CNA is caring for a patient who has been placed in restraints. Which statements made to the patient by the CNA indicate an understanding of following restraint guidelines of the Centers for Medicare and Medicaid Services (CMS) and The Joint Commission? Select all that apply.  

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At which location on the body would the nurse listen for an…

At which location on the body would the nurse listen for an apical pulse?

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