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Frances has just scheduled an appointment with a personal trainer. She knows she is not in perfect shape, and wants to get a thorough assessment of her strengths and weaknesses. Frances is apparently driven by a strong ____.
Gratuitous Bailment
A legal relationship where personal property is voluntarily transferred from one party to another without expectation of payment or benefit.
Equity
Legal principles founded upon fairness, as developed in the Court of Chancery to relieve the harshness of the common law; also the value left in an asset after subtracting what the owner owes.
Leasehold Estates
An estate that gives the holder (lessee) the right to use and occupy rental property for a fixed or indefinite period, without owning the property.
Landlord And Tenant
Refers to the legal and contractual relationship between the owner of a property (landlord) and the individual(s) renting it (tenant).
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