Question

Which of the following scenarios is a sale under threat of condemnation? Reese received a notice...

Which of the following scenarios is a sale under threat of condemnation?

Reese received a notice from the health department that unless he connects his rental property to the city sewer system, the property will be condemned. He sold the property "as is" rather than paying an estimated $28,000 to connect to the sewer system.

Oliver heard on the evening news that the state is going to take property to construct another exchange on the interstate. His warehouse is located in the middle of the new exchange. After he contacted a representative of the Department of Transportation, who confirmed the story, he sold the property to the neighboring warehouse owner.

Anisha sold her land in the Everglades the week before the Corps of Engineers announced a new levee was going to be built through part of the property.

Rafe sold his main home after he heard from his neighbor about an airport expansion project that was going to take their properties.

confused between Rees and Oliver which one is correct

Homework Answers

Answer #1

Reese received a notice from the health department that unless he connects his rental property to the city sewer system, the property will be condemned. He sold the property "as is" rather than paying an estimated $28,000 to
connect to the sewer system. - Correct Option
Sale under threat of condemnation means when it is informed to a property owner orally or in writing by a governmental body or by a public official authorized to acquired the property for public use.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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...
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...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how the firms resources incompetencies support the given pressures regarding costs and local responsiveness. Describe entry modes have they usually used, and whether they are appropriate for the given strategy. Any key issues in their global strategy? casestudy: Atlanta, June 17, 2014. Sea of Delta employees and their families swarmed between food trucks, amusement park booths, and entertainment venues that were scattered throughout what would...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT