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A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located.
Patterned after commercial restaurant equipment, Thermador developed the first home version warming drawer in 1952, a kitchen appliance that warmed dishes and foods while the oven was in use. Thermador continued to improve on kitchen appliances with the first self-cleaning oven in 1963. During the 1970s, Thermador continued to innovate. [3]
The merger also refers to the doctrine whereby "a fee simple estate, once fragmented into present and future interests, can thereafter be reconstituted. 'Merger is the absorption of a lesser estate by a greater estate, and takes place when two distinct estates of greater and lesser rank meet in the same person or class of persons at the same time without any intermediate estate.' "[1 ...
A mortgage-backed security (MBS) is a type of asset-backed security (an "instrument") which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy.
The Texas Land Survey System is often measured in Spanish Customary Units. The most important of these is the vara, which, while ambiguous in the past, was legally established to be exactly 33 + 1 ⁄ 3 inches (846.67 mm) long in June 1919. [2] The subdivision levels in Texas are as follows: [3]
A shotgun clause (or Texas Shootout Clause [1]) is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s ...
Frigidaire was founded as the Guardian Frigerator Company in Fort Wayne, Indiana, and developed the first self-contained refrigerator, invented by Nathaniel B. Wales and Alfred Mellowes in 1916.
The Major BBS (sometimes MajorBBS or MBBS) was a bulletin board system server. A review in PCMag described it as easy to install but difficult to configure. [ 1 ] Its users included the U.S. Department of Commerce.