Discuss at Least Five Different Mistakes Made by Professionals in the Identification

question 14

Essay

Discuss at least five different mistakes made by professionals in the identification process.

---

Definitions:

Transfer of Land

The legal process by which ownership of a piece of land is moved from one party to another.

Statute of Frauds

A legal principle requiring certain types of contracts (e.g., real estate transactions, contracts not to be performed within one year) to be in writing to be enforceable.

Partially Performed

A term referring to a contract or agreement that has been started but not fully executed or completed.

Intended To Be Bound

A principle indicating that parties involved in an agreement wish and intend to be legally obligated under that agreement.