Passive Is an Increase in the Value of Property That

question 22

Short Answer

Passive is an increase in the value of property that is due to inflation or market forces rather than to the active efforts of the owner.

Define and execute initial steps in legal research effectively.

Recognize the importance of working efficiently as a paralegal to contribute to reasonable client billing.

Understand how to define and prioritize research issues in legal cases.

Distinguish between binding and persuasive authorities in legal research.

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Definitions:

Consideration

An essential element in contract law, referring to something of value exchanged between parties.

Fraudulently Misrepresented

The act of deliberately providing false or misleading information with the intent to deceive in a contractual agreement.

Disaffirm

The legal right of a minor or other parties to void or cancel certain types of contracts, to protect against exploitation.

Mental Condition

A state or situation concerning the psychological or psychiatric state of an individual, which can affect their thinking, behavior, and interaction with others.