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CASE 1
You are reviewing a deed. The deed indicates that the ownership of property has been transferred from Ajax Realty Company to David Farris, Mary Farris, and John Farris. There is no mention of any survivorship of the owners. What form of co-ownership do David, Mary, and John own in the real property?
Hinkel, Daniel F.. Practical Real Estate Law (MindTap Course List) (p. 38). Cengage Learning. Kindle Edition.
CASE 2
You are a paralegal working with a law firm that is representing a purchaser of a parcel of real property. The purchaser desires to purchase 100 percent of the property and has entered into a contract with Samuel Seller. The title examination of the property reveals that Samuel Seller owns the property together with Susan Seller and Sarah Seller. Must both Susan Seller and Sarah Seller agree to sell the property together with Samuel? Explain your answer.
On January 1, 2007, you declare Bobby to be in breach of contract and sign a contract with Sheila to complete the job for $350,000.
Write a 350- to 700-word review of the article. Your review should discuss how the SOX Act may affect ethical decision making in today's business environment, and the criminal penalties for which the act provides.
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