In the context of English law, A Dictionary of Law proposes the following legal concept of Close: CLOSE. Indicates interest in the field and not just proximity or inclusion in the general acceptance of the term. Doctor. & Stud. 307 East, 207 2 Stra. 1004; 6 East, 1541 Burr. 133 1 R. 160. 2.
In all cases where a person has the right to exclude another person from his land, the law, if not already closed, surrounds him with an imaginary fence; and entitles him to compensation for damage suffered as a result of the act of another person who exceeds his limit, the harmful act being qualified as a violation of the fence. Hamm. N. p. 151; Doctor. & Stud. dial 1, c. 8, p. 30; 2 Whart. 430. 3.
An expulsion will not be for a conclusion. 11 Rep. 55; 1 roll R. 55 Salk. 254 cro. Eliz. 235; Adams on Eject. 24. 3 Bl. Comm. 209.
A person`s interest in a particular piece of land, whether or not it is actually enclosed Locklin v. Casler, 50 Wie. Prac. (N.Y.) 44; Meade v. Watson, 67 Cal. 591, 8 Pac. 311; Matthew v. Treat, 75 Me. 600; Wright v.
Bennett, 4,111,258; Blakeney v. Blakeney, 6 Port. (Ala.) 115, 30 Am. December 574. The noun “near” in its legal sense imports a part of the land that is landlocked but not necessarily surrounded by real or visible barriers. The invisible and ideal boundary, based on the boundary of the property that surrounds the land of each human being, forms it in its proximity, regardless of walls, fences, ditches or others. Practice. The word means termination; liquidation. The conclusion of the pleadings is therefore where the pleadings ended, that is, when the case is joined.
Professor of Law John E. of Northwestern Coons University noted that “[i]n a winners` system, the unilateral result achieved in principle in the narrow case must continue to disturb the conscience of the law.” [9] Justice Guido Calabresi, former dean of Yale Law School, noted that narrow cases create a “slippery slope” where “the next case closed emerges and the precedent [set in the last case closed] is applied: same thing, same thumb up, same decision.” [10] Calabresi argued that this process ultimately leads to a gradual expansion of the doctrine, which was originally established only on a narrow basis. [11] In addition, Ward Farnsworth argued that judges often settle restricted cases “according to the beliefs brought to the case by judges who owe little to the law.” [12] Note: This legal definition of Close in the Dictionary of Law (English and American Jurisprudence) dates from 1893. A person can close a bank account; A case may be closed after each lawyer has completed his or her presentation of the case to the Bar Association. (verb) – stop, stop, finish, wind; such as the “closing” of an account, negotiation, estate or public ledgers, such as tax books. Patton v. Asche, 7 Serg. & Es (Pa.) 116; Coleman v. Garrigues, 18 Barb.
(N.Y.) 57X Clark v. New York, 13 N. Y. St. Rep. 292; Bilafsky v. Abraham, 183 Mass. 401, 67 N. E. 818 Be silent to prevent anyone from entering or entering; As in laws requiring saloons to be “closed” at certain times, which means a complete suspension of business activities. Description/ Translation of close (to) in Spanish: 1) decretar la puerta cerrada; At the end of the courtroom: Decretar el juicio a Puerta Cerrada; Following the preliminary hearing: Celebrar la Audiencia Preliminar a Puerta Cerrada; Closure order: Orden por la que se decreta la vista a puerta cerrada; Deliberations in camera: (= in camera): proceso a puerta cerrada; 2) final, terminal; Final argument: informe (exposición que hacen las partes después de presentadas las pruebas, en la que presentan sus respectivas conclues definitivas)[1] A parcel of land surrounded by some kind of boundary such as a hedge or fence.
To culminate, complete, complete or finish. For waterproofing. To limit to a specific class. A narrow lead, as in a close election. Documents signed by the buyer and seller include an affidavit indicating the source of funds the buyer will use to purchase the property and a settlement statement stating all costs associated with the transaction. This declaration, which is required under the Real Estate Settlement Procedure Act of 1974 (12 U.S.C.A. § 2601 et seq.), is required for all transactions involving a mortgage from a lender whose funds are insured or regulated by the government. RESPA requires the lender to disclose all the terms of the loan as well as a good faith estimate of the buyer`s closing costs. These may include fees for the loan process, credit report, scoring, title search, investigation, and administrative procedures. Glink, Ilyce R.
1994. One hundred questions every first-time buyer should ask. New York: Random House, Times Books. An agent of the securities company directs and facilitates the closing. Upon closing, the buyer reviews and confirms all credit documents which may include: 1. To complete a transaction, discussion, negotiation or trade presentation. 2. Same meaning as closing price (definition 2). Eigen, Ann vom.
1999. “Proposed RESPA/TILA amendments – The role of the lawyer in the closure of residential properties.” Estate & Property 13 (January-February): 32-6. Once all required signatures have been collected and funds paid, the buyer takes possession of the property. In some areas, it is customary to allow the seller a short period of time to vacate the premises; In other areas, the seller can be expected to move before closing. If disputes arise at closing, the securities company may hold a portion of the funds in trust to resolve the dispute later so that the transaction can be completed. n. The final stage of selling and buying real estate, where title deed, financing documents, title insurance and residual funds are exchanged. Some of the final documents, including the deed and mortgage or escrow deed, are then handed over to the county clerk for registration. According to local practice, financial statements are managed by a securities company, receiver or lawyer.
Gadow, Sandy. 2003. The Complete Guide to Your Real Estate Transaction: Answers to All Your Questions – From Opening the Escrow Account to Negotiating the Closing Document Signing Fee. New York: McGraw-Hill. adjacent, affiliation, closed wheels, combination, combine, conclusion, contiguity, croft, imminent, inspection, household member, application without prosecution, natural heritage, neighbor, next deceased, isolation,. Closures usually take place at the title company`s office, which issues title insurance to buyers and lenders. This assurance is issued after the securities company has reviewed the chain of ownership and clarified any issues that could affect a successful transfer of ownership. At closing, the buyer also pays the sale price of the contract, less the money deposited, usually in certified funds; Credit discount fees or points charged by the lender to obtain the mortgage; and legal fees. The buyer often has to purchase separate property insurance policies for buyers and lenders, although these costs are split between buyer and seller in some areas.
This definition of Close is based on The Cyclopedic Law Dictionary. This entry needs to be proofread. The seller also approves a number of documents at closing. This may include: The buyer and seller may be represented by lawyers who review the closing file, which may include more than twenty-five documents and affidavits required by a number of regulations. The buyer`s lawyer, if any, also reviews the securities company`s research to ensure that the buyer receives clear title. Irwin, Robert. 2004. Home Closure Checklist. New York: McGraw-Hill. Last transaction between a buyer and seller of real estate.
At closing, all agreements between buyer and seller are made, documents are signed and exchanged, money goes to the seller, and ownership of the property passes to the buyer.