Author Question: Flowing Stream Townhouse Development's homeowners' association has adopted a rule that no owner can ... (Read 43 times)

abarnes · **on:** Jun 24, 2018

Flowing Stream Townhouse Development's homeowners' association has adopted a rule that no owner can sell or lease his or her unit to a Tier 3 registered sex offender. Alice Strom is a Flowing Stream owner who has sold her townhome to a registered Tier 3 sex offender. The homeowners' association board has refused to allow the buyer to move into his townhome and has obtained a court injunction prohibiting his taking occupancy. What standard will the court use in reviewing the actions of the association board?
A) The business judgment rule
B) Whether the rule is a breach of privacy
C) Whether the rule is wise
D) Whether the rule is a common one for homeowners' associations

Question 2

Another term for par value is book value.
Indicate whether the statement is true or false