Examlex
Due to the population change, the Goose Creek School District has decided to close one of its high schools. Since it has no further need of the property, the school is listed for sale. The two bids it receives are as follows:
The United Methodist Church would use the property to establish a sectarian middle school. Planet, a well-known car dealership, would revamp the property and operate it as a branch location.
If you were a member of the School District board, what factors would you consider in evaluating the two bids?
Common Law
A legal system based on precedents and judicial decisions rather than statutory laws.
Lessee
An individual or entity who leases an asset from another, the lessor, under the terms of a lease agreement.
Possession and Use
The act of holding property and utilizing it, which may imply certain rights or obligations under the law.
Lease
A contract by which one party conveys land, property, services, or the use of assets to another party for a specified time, usually in return for a periodic payment.
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