| A Landlord's Liability for an Injury Inflicted by a Tenant's Dog |
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| Typically, a landlord cannot be held liable for an injury inflicted by a tenant's dog. In the fact scenario described above, John had no reason to know that Jake's dog would inflict an injury on the construction contractor. Jake may be liable for his dog's actions, but it is unlikely that John would be liable. More... |
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| Land Trusts |
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| A land trust is a device by which land is conveyed to a trustee for the benefit of another. A settlor is the owner of the property that is placed into the trust. A land trust is created when settlor expresses his or her intent to create a trust through a written instrument. The instrument must name the trustee and identify the trustee's powers, the beneficiaries, and any remaindermen. The settlor may be the trustee and, in most cases, the beneficiary of the land trust. More... |
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| Bi-Weekly Payment Plans |
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| Today, many homeowners opt to re-pay their mortgage obligations through bi-weekly payment programs. In fact, many mortgage lenders allow homeowners to make the election when the homeowner obtains the financing to purchase a new home.
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| Bailments |
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| A bailment is created when, coupled with the intent to possess certain property, the bailee accepts the actual physical possession and control of the property. In the example, the bailment is created when the dry cleaner accepts the man's suit with the intent to possess the suit. More... |
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| Escheat |
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| Briefly stated, the law of escheat mandates the reversion of an individual's property to the state in the event the individual dies without heirs or when the property is abandoned by the individual. The law of escheat applies to real property, as well as personal property.
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