BSL 333 Lecture Notes - Lecture 1: Limited Liability Partnership, Nuisance, Liquidated Damages
30 Jun 2016
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Chapter 1: introduction and sources of real estate law. American recovery and reinvestment act: provides fed funds to stimulate econ, including financial assistance for residential mortgagors. Case precedent: reliance on common law or prior court opinions in developing interpretations or resolutions to factually similar problems. Citation: lists the volume number, book/code and section number. Code of federal regulations: volume of works where federal regulations are kept. It is reprinted every year because of changes. Common law: law not found in any code or statute. Comprehensive environmental response, compensation, and liability act: fed act that authorizes the cleanup of disposal sites for hazardous waste and permits the gov to collect cleanup costs form current and former prop owners. Equal protection clause: requires states to apply the law equally so that all citizens enjoy the same protections, rights, forms of relief and equal opportunities for land ownership.
