When Something Is Defined as Real and Therefore Becomes Real

question 77

Multiple Choice

When something is defined as real and therefore becomes real in its consequences,this is termed:

• A) a self-fulfilling prophecy.
• B) structural-strain.
• C) reality functioning.
• D) critical reality.

Recognize laws governing wage garnishment and the role of federal and state laws.

Explain the role and procedure of securing interests through consensual liens.

Understand the concept and implications of statutory liens on property.

Familiarize with judicial processes such as writs of execution, garnishments, and attachments in debt collection.

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Definitions:

Statute Of Frauds

A legal concept that requires certain types of contracts to be written and signed to be enforceable.

Promissory Estoppel

A legal principle that prevents a party from reneging on a promise, even in the absence of a formal contract, if the other party has relied on that promise to their detriment.

Partial Performance

The situation where a party to a contract completes some but not all tasks or obligations agreed upon, often debated in legal disputes regarding contract enforcement and compensation.

Prenuptial Agreement

An agreement two parties enter into before marriage that clearly states the ownership rights each party enjoys in the other party’s property. To be enforceable, it must be in writing.