Overview
This final paper is designed to establish not only a sound understanding of real estate contracts but also engage you in by incorporating the bible in an appropriate context. Using the scripture references below as a means of establishing cultural norms, create a template for a letter of intent (LOI) that would be used during biblical times.
Instructions
Your LOI should include the following components:
· Representation and Warranties
· Parties
· Property
· Consideration
· Interim Activities
· Title
· Due Diligence
· Contingencies
· Security Deposits
· Default
· Indemnity
Make sure that in addition to addressing each component of the LOI, make sure you provide a definition for each component as well.
Bible Reference Books and Chapters
· Genesis 23
· Genesis 47
· Leviticus 25
· Ruth 4
· Jeremiah 32
Your final paper should be at least 5 pages, double-spaced Times New Roman, 12-point font written in APA format covering all the components of an LOI listed above while incorporating biblical practices as noted in the Bible reference section.