Question

Which of the following scenarios exemplifies a sale under threat or imminence of condemnation? Greg sold...

Which of the following scenarios exemplifies a sale under threat or imminence of condemnation?

Greg sold his property after Your City Health Department posted a notice on his bungalow stating his property was unfit for human use and would be condemned unless repairs were made in 60 days.

Jeff heard rumors that a major department store chain was building a store somewhere in his area and the local government would eventually be condemning property in order to acquire land for the store. Jeff had not been officially notified of any pending action at the time he sold his property.

Frank heard rumors that his property would be acquired by the county to build a new road. After the rumors were confirmed by the county, Frank sold his property.

Grace sells her property closely associated with her neighbor's condemned property because her property was used in conjunction with her neighbor's property.

Homework Answers

Answer #1

The property sold by jeff exemplifies isale due to threat as because jeff sold the property due to the threat of cndemenation and jeff doest not have confirmation of rumor circulating a so due to these he sell quickly.

The frank has sold the property after confirmation that county will acquired the property so he sell the property due to the threat to sale the property.

Grace sells his property after the confirmation that her property is also be acquired as her neighbour property is acquired so its a sale due the immence of condemnation

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