Preview

LRWA carmichael analysis

Good Essays
Open Document
Open Document
1136 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
LRWA carmichael analysis
Carmichael Analysis John Carmichael should be allowed to purchase the Rocking M Ranch (ranch). Although the Statute of Frauds (Tex. Bus. & Com. Code Ann. § 26.01 (West 2005)) makes oral contracts for the sale of land unenforceable, an common law exception is carved out for sales in which buyers pay consideration, make improvements, and demonstrate possession of the land. Hooks v. Bridgewater, 111 Tex. 122 (1921). The policy behind the statute itself is to prevent people from fraudulently claiming someone else’s property, but the exception is present in order to protect parties who reasonably believe that an oral sale of land was executed. Carmichael paid consideration and made improvements to the ranch, so only possession is at issue here. To determine whether a person has “possession” of a property the court considers four factors: (1) whether the buyer exercises control over the property adverse to the seller; (2) whether the buyer has an exclusive right to control the property; (3) whether the buyer pays for taxes and improvements, and; (4) whether the both parties publically acknowledges the transfer. Dawson v. Tumlinson, 242 S.W.2d 191 (Tex. 1951); Johnson v. Bridgewater, 140 S.W.2d 282 (Tex. Civ. App. 1940, writ dismissed); Sharp v. Stacy, 535 S.W.2d 345 (Tex. 1976); Thorton v. Central Loan Co., 164 S.W.2d 248 (Tex. Civ. App. 1942, writ refused). The court does not consider who occupies the property. Sharp, 535 S.W.2d at 348. The details of the oral agreement are also not considered. See Dawson, 242 S.W.2d 191; Johnson, 140 S.W.2d 282; Thorton, 164 S.W.2d 248; Id. Every factor is considered, but all of them need not be present. Johnson. Presently, Carmichael paid for taxes and improvements, but each other factor is at issue. In order to show control over a property, a buyer must demonstrate “open and notorious” ownership that shows that the seller no longer owns the property. Thorton, 164 S.W.2d at 250-51. A buyer can demonstrate ownership when he takes

You May Also Find These Documents Helpful

  • Good Essays

    Law: Deed Case Study

    • 678 Words
    • 2 Pages

    This paper will look into the question asked in class BA260 of “Wiley and Gemma are neighbors. Wiley’s lot is extremely large, and his present and future use of it will not involve the entire area. Gemma wants to build a single-car garage and driveway along the present lot boundary. Because of ordinances requiring buildings to be set back fifteen feet from an adjoining property line, and because of the placement of her existing structures, Gemma cannot build the garage. Gemma contracts to purchase ten feet of Wiley’s property along their boundary line for $3,000. Wiley is willing to sell but will give Gemma only a quitclaim deed, whereas Gemma wants a warranty deed. Discuss the differences between these deeds as they would affect the rights of the parties if the title to this ten feet of land later proved to be defective.” This paper will explain the differences between a quitclaim deed and a warranty deed. While explaining why Gemma wants a warranty deed versus a quitclaim deed.…

    • 678 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Since Barry doesn’t want the property in his name due to his financial situation, following the Doctrine of Worthier Title idea of keeping the reversion for himself is not a sensible option. The Rule in Shelly’s Case has been abolished in most states. This being the case, we will proceed in this manner as the state of New Tutor does not acknowledge this rule.…

    • 716 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Creditor, ERIC MOORE does hereby file this motion to determine property of the estate and…

    • 3356 Words
    • 18 Pages
    Good Essays
  • Powerful Essays

    Memorandum revised

    • 1707 Words
    • 6 Pages

    (1) the taxpayer receives property which would be permitted to be received under section 351 or 361 without the recognition of gain if it were the sole consideration, and…

    • 1707 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Any real property, any beneficial interest in a land trust . . . held in tenancy by the entirety shall not be liable to be sold upon judgment entered on or after October 1, 1990 against only one of the tenants, except if the property was transferred into tenancy by the entirety with the sole intent to avoid the payment of debts existing at the time of the transfer beyond the transferor 's ability to pay those debts as they become due. (735 ILCS 5/12-112).…

    • 1008 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Tort

    • 590 Words
    • 3 Pages

    1. What objective evidence was there to support the defendants’ contention that they were just kidding when they agreed to sell the farm?…

    • 590 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Formation of Contract

    • 715 Words
    • 3 Pages

    Under the assumption that Edwina has paid for the property the House of Lords ruled on a similar case of Sharp v Thomson saying that “a person who has made delivery of a conveyance and accepted…

    • 715 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Janet (taxpayer) residing in Australia is named as the sole beneficiary of a property (1.85 hectares) with a large homestead as a result of the death of a relative on 7/10/2010. The property is not used for commercial purposes and at the date of death, the property was valued at $1.45million. Settlement took place on 21/12/2010. After moving into the homestead shortly after taking ownership, she planned to take a one-year trip which she had been planning for some time in late 2011. The taxpayer felt that the homestead was far too large for her (she is single),…

    • 2094 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Tax Court Case Analysis

    • 385 Words
    • 2 Pages

    Issues:1) How should the tax court deal with the transfer of non-recourse mortgage debt in property dispositions when the fair market value of the property is less than the property’s basis?…

    • 385 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Facts: The plaintiff, Mr. Lucy, wanted to buy Ferguson Farm, which belonged to the defendant, Mr. Zehmer. Mr. Zehmer and Mr. Lucy had known each other for 15 - 20 years, and Mr. Lucy had been trying to buy the farm from Mr. Zehmer for the last 8. One evening, Mr. Lucy entered Mr. Zehmer’s place of business and again attempted to purchase the farm from him. This time, he made a bet that Mr. Zehmer wouldn’t sell the farm for $50,000, and Mr. Zehmer said that he would. The two men drank throughout the night and continued to discuss the sale. At one point during the evening, Mr. Lucy enticed Mr. Zehmer to sign an agreement stating that he would sell the farm to him for $50,000. Mr. Lucy then sued Mr. Zehmer compel him to sell the farm. The lower court agreed with MR. Zehmer, and Mr. Lucy appealed the decision.…

    • 317 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    About Law

    • 9157 Words
    • 37 Pages

    CONVEYANCING LECTURE 14 MAY 2007 Note: Students should read the Chapters in Lang & Skapinker and the cases referred to in the Guide. These notes are NOT a substitute for reading the text and considering the cases. _________________________________________ Introduction Conveyancing “Conveyance” is defined by the The Australian Oxford Dictionary to mean “the transfer of property from one owner to another”. Conveyancing has the corresponding meaning so when we talk about the law of conveyancing we are talking about the laws relating to the transfer of property. This is likely to be a simplification, as it is generally accepted that conveyancing relates to many matters dealing with property and not just strictly speaking the transfer process. As you will remember from Real Property there are some rules that are different for land under Old System Title and land under the provisions of the Real Property Act (or Torrens title). While the law relating to the creation of contracts for the sale of land do not differ depending on title, the practical steps to ‘convey’ title and the investigation of that title differ significantly. Title and quality The task of the conveyancer (whether solicitor or licensed conveyancer) is to ensure that title to land is ‘conveyed’ (whether by conveyance for old…

    • 9157 Words
    • 37 Pages
    Powerful Essays
  • Satisfactory Essays

    Facts: Carrs leased the 108 acre tract of unimproved property in question for 30 years to Campbell. Carr lived in New York and she had only seen the land once, which she inherited from her mother. Carr was sick with Schizophrenia and she ask Campbell if they were interested in buy the land. But she did not know what the value of the land was and she made a mistake of asking the buyer. Campbell quoted Carr the fair market value if the land was not used for agriculture ($54,000). However the County Tax Assessor agriculture market value was assessed at $103,700. Carr and Campbell entered into a written contract of $54,000. Earnest money of $1000 was given to Carr. Carr did not attend the closing as she felt the sale price was unfair, Carr returned the earnest money, but Campbell refused to accept it. In the meantime, Carr conveyed an undivided one-half interest in the property to her cousin, Ruth Riley Glover.…

    • 301 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Charter Bank Case Study

    • 992 Words
    • 4 Pages

    Holly Hill acres Ltd purchased the land from Rogers and Blythe. Holly Hill issued a promissory note for the mortgage to Rogers and Blythe, months later Rogers and Blythe got a loan from Charter Bank of Gainesville. In order for Rogers and Blythe to secure the loan they got from Charter Bank, they supposed to transfer the promissory note from Holly Hill, which made Rogers and Blythe defaulted on the loan. As a result of Charter Bank sued in order to get back on the Holly Hill’s promissory note.…

    • 992 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Rouchefoucald v Boustead

    • 1500 Words
    • 6 Pages

    In Rochefoucauld v Boustead (1897), Lindley LJ said ‘that the Statute of Frauds does not prevent the proof of a fraud; and that it is a fraud on the part of the person to whom the land is conveyed as a trustee, and who knows it was so conveyed, to deny the trust and claim the land himself’.…

    • 1500 Words
    • 6 Pages
    Good Essays
  • Better Essays

    (Tenn.Ct.App., 2008). In this case the following facts were argued: The dispute arose over a strip of land located on the northern side of Underwood Repair Service's property Lot 1 and the southern side of the Deans' property Lot 2. Underwood Repair Service asserted that it owned the disputed strip of land in fee simple, or, in the alternative, through adverse possession. The Deans filed a motion to dismiss both claims, and the trial court granted the motion to dismiss the adverse possession claim, finding…

    • 1880 Words
    • 8 Pages
    Better Essays