The Legal Environment of Business: Text and Cases
10th Edition
ISBN: 9781337535878
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning US
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Chapter 26, Problem 3RE
Summary Introduction
Case summary: A two-story home was sold by the person W and person EB to a person VS in Roche town. The deed on warranty did not specify the covenants which will be involved in Conveyance. There was a public park adjacent to the property that included the famous frisbee golf court. The deed allowed the Roche citizen the right to walk on the public trail in the park. Teens regularly threw the frisbee to the walking path that is behind the land of VS. He shouted and demanded that the teenagers should not throw the objects on his land.
To find: The type of agreement in real property law.
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a) Explain what right the mortgagor has to the mortgaged property once the mortgage loan has been repaid to the mortgagee.
b) When can this right be exercised?
c) What problems might a mortgagor have in exercising this right?
d) Explain the difference in exercising this right under the two land systems
Chad Parker owned an acre of property and a mobile home on that property. He sold the mobile home to David and Allison Wilson for $1,000 and sold the property to them for $10,000. These agreements were made orally. No title or deed transfers took place. The Wilsons lived in the mobile home for seven years, making $11,228.19 of improvements to the structure and to the property. After a falling out between Chad and David, Chad had the Wilsons evicted and moved back into the mobile home. Because there was no written contract between the parties, could Chad therefore legally evict the Wilsons and legally move back into the mobile home?
Sharon Love entered into a written lease agreement with Monarch Apartments for apartment 4 at 441 Winfield in Topeka, Kansas. Shortly after moving in, she experienced serious problems with termites. Her walls swelled, clouds of dirt came out, and when she checked on her children one night, she saw termites flying around the room. She complained to Monarch, which arranged for the apartment to be fumigated. When the termite problem persisted, Monarch moved Love and her children to apartment 2. Upon moving in, Love noticed that roaches crawled over the walls, ceilings, and floors of the apartment. She complained, and Monarch called an exterminator, who sprayed the apartment. When the roach problem persisted, Love vacated the premises. Has Love lawfully terminated the lease? Explain.
Chapter 26 Solutions
The Legal Environment of Business: Text and Cases
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