This topic contains a solution. Click here to go to the answer

Author Question: What distinguishes a sale of real estate from a gift? What will be an ideal ... (Read 49 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joewallace

  • Sr. Member
  • ****
  • Posts: 337
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




joewallace

  • Sr. Member
  • ****
  • Posts: 337

 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

For a complete list of videos, visit our video library