Are Letter Rulings of Precedential Value to Third Parties

question 79

Essay

Are letter rulings of precedential value to third parties?

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Definitions:

Real Estate

Real estate, which encompasses the land, buildings situated on the land, and the inherent natural resources.

State Statute

A law enacted by the legislative body of a state government.

Quitclaim Deed

A legal document used to transfer interest, if any, in real property with no warranties regarding the title of the property.

Warehouse

A large building where raw materials or manufactured goods may be stored before their distribution for sale.