Is there anything wrong with using a street address (i.e., 123 Starling Way) in the legal documents pertaining to a real estate sale transaction:
A: A street address is not considered a legal description of the property;
B: It is acceptable, but it may make it difficult to get a loan on the property;
C: It is acceptable, but title insurers may choose not to insure the property;
D: For all intents and purposes, it is an adequate means of description.
Answer: A: A street address is not considered a legal description of the property;
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Which of the following statements is true of a submission agreement?
A) It is a binding clause in a contract mandating all disputes to be settled by arbitration. B) It specifies the nature of the dispute and how the arbitrator will be selected. C) It is an agreement stating that both parties agree to abide by the mediator's decision. D) It is an agreement provided in court stating how contract disputes are to be settled.