The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 26, Problem 1CT
Summary Introduction
Case summary: A person CM held a life estate in the city N, however, he did not pay taxes and premiums that resulted in tax liens. On the termination of the life estate, the title was transferred to the company MORC. MORC paid the premiums and liens to avoid foreclosure and sale of the property. The company MORC filed a suit against the person CM on the ground of unjust enrichment and to recover the cost of premium and tax liens.
To find: The reason for which the owner of a life estate refused to pay the taxes and premiums
Summary Introduction
Case summary: A person CM held a life estate in the city N, however, he did not pay taxes and premiums that resulted in tax liens. On the termination of the life estate, the title was transferred to the company, MORC. MORC paid the premiums and liens to avoid foreclosure and sale of the property. The company MORC filed a suit against the person CM on the ground of unjust enrichment and to recover the cost of premium and tax liens.
To find: The reason from the person CM that could influence the decision of the court.
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The Legal Environment of Business: Text and Cases (MindTap Course List)
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