Author Question: In strict products liability actions, punitive damages can be awarded if the plaintiff can show that ... (Read 145 times)

EAugust · **on:** Aug 3, 2018

In strict products liability actions, punitive damages can be awarded if the plaintiff can show that the defendant acted recklessly or maliciously in allowing the harm to occur.

Indicate whether the statement is true or false

Question 2

Ford Title Co is preparing the closing documents for Frank and Mary. Frank is the seller and Mary the buyer. Describe the closing costs that will most likely be assesses against Frank and Mary.

What will be an ideal response?

Cheesycrackers · **Reply #1 on:** Aug 3, 2018

Answer to Question 1

TRUE

Answer to Question 2

Frank's costs will most likely include the sales commission, realty transfer taxes, title insurance and survey costs, and the payoff for any existing judgments or loans. Mary's costs include the sales price, any tax and municipal charges that must be reimbursed to Frank, the costs associated with the mortgage loan, the cost
of title insurance, realty transfer taxes, recording fees and the costs of any inspection reports.