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Author Question: The Astons contracted with John King to purchase property from him. John King then conveyed the ... (Read 51 times)

EAugust

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on: Jun 24, 2018
The Astons contracted with John King to purchase property from him. John King then conveyed the purchase contract to King, Spaulding, and Reston, a law firm in which King had become a partner as a means of providing an initial investment into the firm, an LLC that was about to be formed. After the transaction closed with the Astons, the secretary of state rejected the LLC documents for some missing information. When the Astons learned that the grantor did not exist, they sought to have the transaction set aside as invalid. Offer your analysis of this situation.

Question 2

Janice Mack has just been told by Soledad, her solar energy company, that she must obtain approval of her homeowner's association's Architectural Control Committee (ACC) before Soledad will install her solar roof panels and system. Janice insists that the ACC has no power over use of her land. What sources of law would govern her rights?
 A) Private law
 B) Janice is correct; her ownership rights trump any laws
 C) Judicial decisions
 D) Both a and c
 E)Both b and c


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mcabuhat

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A deed does require a grantor with capacity. However, there was a valid contract and there was a grantor - the legal formalities were eventually completed and the underlying transaction is not invalid because of a slip-up in filing - there was always a party to the contract and the deed can be redone with the proper date.

Answer to Question 2

D


EAugust

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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