Civil Law | Senioritis

Adam Park
June 21, 2023
Civil Law

Understanding Earnest Money as Liquidated Damages in Real Estate Transactions

earnest money considered ___ damages; damages agreed to __ ___. liquidated – in advance Earnest money is considered as liquidated damages; damages agreed to in advance. Liquidated...

Adam Park
June 21, 2023
Civil Law

Understanding Endorsements in Title Insurance: Coverage, Implications, and Cost Analysis

Endorsements= clauses in insurance policies detailing ___ from or ___ __ ___. Agents ___ get involved w adding endorsements to title policy. Those recommendations come from title...

Adam Park
June 21, 2023
Civil Law

Understanding Estate Tax in the United States: Rates, Exemptions and Differences from Inheritance Tax

Estate Tax A tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs. Estate tax, also known as inheritance tax,...

Adam Park
June 21, 2023
Civil Law

Understanding Personal Property: A Comprehensive Guide to Tangible and Intangible Assets

Examples of personal property include: A hairbrushDining room furnitureYour super-rare collection of bird-themed coffee mugs Personal property refers to items that are moveable and owned by an...

Adam Park
June 21, 2023
Civil Law

Real Property 101: Understanding the Different Types and Uses of Real Property

Examples of real property include: A homeAn industrial warehouseA 10-acre soybean field Real property refers to land and any permanent structures that are attached or affixed to...

Adam Park
June 21, 2023
Civil Law

Understanding Excise Taxes: Impacts on Consumers, Behaviour and Government Revenue

Excise Tax A tax paid on purchases of a specific good, like gasoline. An excise tax is a type of tax that the government imposes on a...

Adam Park
June 21, 2023
Civil Law

Understanding the Doctrine of Changed Conditions for Restrictive Covenant Enforcement: Insights from the Case of River Heights Ass’n v. Batten

For the doctrine of changed conditions to nullify a restrictive covenant, must the changes must be so radical as to practically destroy the essential objects and purposes...

Adam Park
June 21, 2023
Civil Law

Compensating for Non-Monetary Losses: Understanding General Damages in Personal Injury Law

General Damages Compensate individuals (not companies) for the non-monetary aspects of the harm suffered, such as pain and suffering.-physical/emotional-loss of companionship-loss of consortium, etc. General damages refer...