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BA621-L6A3 - February 1 2010 BA621 Business Law Lesson#6...

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February 1, 2010 – May 21, 2010 BA621 Business Law Lesson #6 Assignment #3 Case 14-1 Summary: Sauls v. Crosby Chapter Fourteen includes the Sauls case (page 377 of your text) to consider the concept of waste as it relates to life estates. The case reminds us that the holder of a life estate isn’t allowed to waste the property. The case arose when the defendant Sauls, who owned a life estate in property, attempted to cut timber on the property to sell. The holders of the future interest sought to enjoin Saul from cutting the timber. In this case, the court ruled against Sauls. She could not cut the timber to keep the proceeds. The following questions (found on page 377 of your text) will help you both to identify and evaluate contingencies or limits to the bounds of the decision made in Case 14-1. 1) To ensure that you are aware of the contingent nature of the court's decision, identify all the conditions listed by the court in Case 14/1 that would have made the defendant's actions legally acceptable.
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