In Early 2018, Wanda Paid $33,000 for an Option on a Parcel

question 39

Essay

In early 2018, Wanda paid $33,000 for an option on a parcel of land she intended to hold as an investment.After a survey of the land (paid for by the grantor) determined that the parcel was much smaller than the grantor said it was, she let the option lapse when it expired in 2019 after 14 months.How should Wanda treat these events in 2018? 2019?

Comprehend the concepts of maintenance, task-oriented, and dysfunctional behaviors within teams.

Recognize the importance of preparation, structure, and follow-up in facilitation.

Understand the impact of team composition and diversity on creativity and innovation.

Learn how to manage group dynamics and conflict in a team.

---

Definitions:

Survey

A comprehensive examination or an assessment of something, often used for collecting data or understanding conditions or opinions.

Abatement

Abatement refers to the reduction, decrease, or removal of something, often used in legal contexts relating to the diminishing or cessation of nuisance or the reduction of a monetary obligation.

Alleged

Claimed to be the case or have taken place, although there is no proof.

Livery of Seisin

A historic legal ceremony transferring possession of property from a seller to a buyer.