In Order to Avoid the Costly Act of Being Sued

question 33

True/False

In order to avoid the costly act of being sued in court, it makes good sense to manage your business ethically.

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Definitions:

Cure

The process of resolving a breach of contract in a manner that satisfies the aggrieved party or terms of agreement.

Good-faith Purchaser

An individual who buys property without knowing of any claims, liens, or encumbrances against it, thereby acquiring clean title.

Voidable

A term applied to a contract that one or both parties have the ability to either withdraw from or enforce.

Good Title

A legal term indicating that a property title is valid and free of any liens or other encumbrances that might hinder its sale or use.