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Author Question: What distinguishes a sale of real estate from a gift? What will be an ideal ... (Read 59 times)

tsand2

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on: Aug 3, 2018
What distinguishes a sale of real estate from a gift?
 
  What will be an ideal response?

Question 2

Although one of the main goals of bankruptcy is to provide the debtor with a fresh start, the trade-off for participation in the system is the protection and fair treatment of
 
  A) Consumers
  B) Investors
  C) Creditors
  D) Debtors


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joewallace

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Reply #1 on: Aug 3, 2018
Answer to Question 1

Consideration. A gift lacks consideration, nothing is given in exchange for the property. With a sale, there is an exchange of promises, the promise to transfer and the promise to pay the purchase price.

Answer to Question 2

C


tsand2

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Reply #2 on: Aug 3, 2018
TY


joewallace

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Reply #3 on: Aug 3, 2018
You're welcome


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