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Is Conversion Law only applicable in properties and civil cases?

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properties and civil cases Is Conversion Law only applicable in properties and civil cases? Conversion may be used in both civil and criminal proceedings. The kind of property concerned determines what conversion is. Only personal property is subject to a claim for conversion; actual…
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Posted in Business Law, Buying and Selling of Businesses, Real Estate

Damages for Conversion: Everything you need to know

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Damages for Conversion Damages for Conversion: Everything you need to know In a conversion case, the rewards sought by the plaintiff are damages for conversion. They serve as restitution for genuine losses of personal property. An individual’s right to use or possess their…
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Posted in Personal Law, Real Estate

What are legal and equitable estates?

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legal and equitable estates What are legal and equitable estates? Legal Title A legal title describes the obligations and duties an owner has to uphold, utilize, and manage a property. The ownership of the property is determined by its legal title. The individual with…
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Posted in Business Law, Real Estate

Is Conversion Law only applicable in property and civil cases?

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property and civil cases Is Conversion Law only applicable in property and civil cases? When someone “converts” an asset, they restrict access to and management of the asset for the legitimate owner. When money or assets are transferred, the theft of conversion can happen.…
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Posted in Litigation Series, Personal Law, Real Estate

Can a contract prohibit something that is legal?

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https://lawadvocategroup.com/wp-content/uploads/2023/02/prohibit-something-that-is-legal.jpg Can a contract prohibit something that is legal? It is entirely possible to make and enforce a contract that forbids you from doing anything that is within your legal rights. One illustration would be a parent offering their child money…
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Posted in Business Law, General, Personal Law, Real Estate

What is a commercial property loan?

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commercial property loan What is a commercial property loan? Commercial property is revenue-earning real estate used for commercial purposes. Commercial property loans, which are mortgages secured by liens on commercial property, are often used to finance the purchase, development, refinancing, and construction of…
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Posted in Commercial Leasing, Real Estate

Why are commercial real estate loans non-recourse?

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commercial real estate loans Why are commercial real estate loans non-recourse? A non-recourse commercial real estate loan does not give the lender any recourse against the borrower’s personal assets. If the borrower fails to make a payment or violates the terms of the arrangement,…
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Posted in Commercial Leasing, Real Estate

What is Anticipatory Breach of Contract?

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Anticipatory Breach What is Anticipatory Breach of Contract? An action that indicates a party’s intention to default on its contractual commitments to another party constitutes an anticipatory breach of contract. An anticipatory repudiation is another name for an anticipatory breach. The counterparty’s…
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Posted in Business Law, Corporate Law, Real Estate

How is “in default” different from a breach in contract law?

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breach in contract law How is “in default” different from a breach in contract law? There isn’t much of a difference between a breach of contract and a default in general legal terminology. Both signify that one of the parties has breached his contractual…
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Posted in Business Law, Real Estate

Can my commercial lease be voided if the property is sold?

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commercial lease be voided Can my commercial lease be voided if the property is sold? When a commercial building is sold, the tenets do have a list of rights that will often protect them from eviction. Usually, the act of selling the property does…
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Posted in Commercial Leasing, Real Estate