The sale of real estate under a conditional installment sale gives the buyer (vendee):
a. possession of the property.
b. an estate of inheritance.
c. a freehold estate.
d. an estate for years.
Answer: a. possession of the property.
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Which of the following statements is NOT TRUE with respect to arbitration proceedings?
A) Arbitration proceedings normally take more time than the it does to litigate a matter in the regular court system B) An arbitrator's decision is binding and can be enforced as a court judgment C) Arbitration proceedings are normally conducted without many of the procedural requirements of a formal trial. D) An arbitrator must be neutral E) Arbitration proceedings are often chosen as an alternative to having a dispute become subject to a foreign legal system