Explain the concept of ratification and estoppel in real estate. Ratification: Ratification is essential because it gives a measure of legitimacy to an agreement or treaty. It also provides a mechanism for enfo
An estoppel certificate is common in the mortgage andcommercial real estateindustries. It is a document that is often required by lenders andthird partiesif and when property owners either try to sell their properties (that are tenanted) or refinance a loan. This document, which is also called...
Acquiescence is often used in: Trademark Disputes: When a trademark holder is aware of an infringing use but does nothing, courts may prevent future enforcement. Contract Law: If a party continuously ignores a contract violation, they may lose the ability to enforce that provision. Real Estate ...
It refers to the term used in real estate to establish facts that cannot be refuted. When a tenant signed an estoppel certificate attesting to the terms and conditions of the lease, the tenant cannot change the conditions anymore. Estoppel prevents a tenant from acting different from his/her ...
According to commentators: One of the most effective means for the implementation of human rights is a commission of human rights. . . . [Such a committee] would provide an informal and inexpensive way to resolve disputes and to help in the enforcement of standards necessary to give effect ...