Ehren Bannish, Esq., a partner at the law firm of Bayer LLP,…

Ehren Bannish, Esq., a partner at the law firm of Bayer LLP, represents Lawson Equity Resources, LP in Lawson’s purchase of 1,200 acres in West Virginia. The seller’s attorney furnishes Ms. Bannish a title commitment for the subject-property. And a survey. During the course of her title review, Ms. Bannish will carefully evaluate: (Select one answer only.)

Questions (36) and (37) go together: Attorney Mikel Kroll is…

Questions (36) and (37) go together: Attorney Mikel Kroll is preparing a Lender Policy to cover Alzado Banque’s $4.15 MM loan to Tweedy & Sons Development. As Kroll pulls together the policy various documents she recalls that _____________________  are general to all transactions and  _____________________  are transaction-specific. {Read the following very carefully} (Select one answer only.)

Jacobson, Inc. is considering selling the Abbi Hotel in Denv…

Jacobson, Inc. is considering selling the Abbi Hotel in Denver to Huddleston Chase Enterprises, LLC. Huddleston Chase Enterprises was formed three months before it approached Jacobson, Inc. about this transaction. Prior to entering into a sale contract, Jacobson, Inc. engages its accountants to check the public records and new reports about Huddleston Chase Enterprise’s historical business track record. Jacobson, Inc. is doing this because it has a reasonable concern that Huddleston Chase Enterprises does not have the capacity to close the deal. (Select one answer only.)