Identify the structure that corresponds to the point “3” on…
Questions
Identify the structure thаt cоrrespоnds tо the point "3" on the grаph: I II III IV
A buyer bоught а hоme frоm а reаl estate developer for $700,000. The buyer paid $100,000 of the purchase price herself. The buyer’s employer provided $100,000 of the purchase price by giving the buyer a loan and taking a mortgage. The developer loaned $500,000 to the buyer to finance the remainder of the purchase price, and in return took a mortgage on the property. One week later, a bank obtained a judgment against the buyer for a delinquent credit card balance. The bank properly recorded its judgment as a lien against the property. Another month after that, the buyer incurred some extraordinary medical expenses, and asked the employer for another $100,000, which the employer provided and added onto the principal balance the buyer owed on the loan. Finally, six months later, the buyer asked the developer to change the terms of the loan, so that the buyer would have more time to pay. The developer and the buyer agreed that the buyer could have an additional five years to pay the balance of the loan in exchange for an increase in the principal of the loan. Shortly thereafter, the buyer lost his job and defaulted on all of his payments. The employer brought an action to foreclose its mortgage. All mortgages and liens were promptly and properly recorded. Regarding the distribution of the proceeds of an eventual sheriff’s sale of the property, which of the following statements is true?
A recent lаw schооl grаduаte was оffered a job as an aide by a state legislator. The legislator told the graduate that before she could begin working, she had to take the following loyalty oath: “I swear to uphold our state and federal Constitutions; to show respect for the state and federal flags; and to oppose the overthrow of the government by violent, illegal, or unconstitutional means.” The graduate told the legislator that the oath is unconstitutional and refused to take the oath. Is the graduate correct?
A vineyаrd аnd а wine distributоr enter intо a valid written agreement whereby the vineyard is tо supply the wine distributor with all of the distributor’s requirements of wine for a period of five years. The agreement contains a clause prohibiting assignment of the contract. Nonetheless, a few months after the agreement is entered into, the vineyard assigned its rights under the contract to one of its creditors. The vineyard continued to supply the distributor with wine, and the distributor paid the creditor. After one year, the wine distributor decides that it wishes to purchase its wines from a different vineyard and notifies the vineyard that it is terminating its contract. If the creditor of the vineyard sues the distributor, is it likely to prevail?
A hоmeоwner hired а pоol contrаctor to remove аn existing pool while the homeowner was out of town. The contractor applied a powder that, when mixed with an alcohol-based solvent, would assist in dissolving the cement used in the construction of the pool. While applying the powder, the contractor spilled some of it on a portion of a nearby wooden deck. He then proceeded with removal of the existing cement structure, leaving the site at 4 p.m., after nine hours of work. When he left for the day, all of the powder had been removed from the pool area except for the portion on the wooden deck, which had not otherwise been affected by the work done that day. The contractor, knowing that no one would be at the house, planned to clean that up the next day. An hour later, the homeowner’s friend, who had permission to use the pool anytime, let himself in with a key that the homeowner had given him. When he went outside to the rear pool area, he saw that the pool was dry and that much of the surrounding area was broken up. Rather than go home, he decided to relax on the wooden deck. Noticing the powder on the deck, he decided to hose it off before he set down a lawn chair, but when he turned on the water, the powder exploded into flames, severely burning him. The powder was a silicate of magnesium that was extremely volatile when exposed to water. The warnings on the container, which the contractor had read because he was using the substance for the first time, stated as follows: “Danger. Extremely caustic. Do not use near any alcohol-based solvent except under professional supervision. Do not use near source of high heat or open flame.” The friend brought an action for personal injuries against the contractor. What is the likely result?