The Purpose of an Appraisal Is To

question 10

Multiple Choice

The purpose of an appraisal is to:

• A) estimate the current value of a home.
• B) reduce the amount paid for property taxes.
• C) qualify for a reduced mortgage rate.
• D) eliminate the need for home insurance.
• E) reduce fees paid to realtor.

Recognize the implications of the Restatement (Third) of Torts in product liability litigation.

Comprehend the significance of damage types and limitations in tort and contract law.

Grasp the impact of remedy limitations and disclaimer clauses on the enforcement of warranties.

Understand the principles of privity of contract and its implications.