FINAL EXAMS

Final Exam

1. Put your name on the first page of each exam answer. 2. Each exam answer must start on a new page. 3. Your answer should be in a full narrative essay with much detail, using IRAC

format.

Real Property_

Son has been helping Dad on the family farm for his entire life. However,_ now ~e is about to get married and it is time for him to have his own farm. Dad realize~ this, and as he has always said, he is more than willing to give Son a hand ... but not a gift.

One day Dad proposes that Son pay him $2,000 per month for the ~O acres ?elo~ the creek, and after 30 years, they will be his. Dad and Son embrace with tears m their eyes, and the next day Son gives Dad $2,000 in cash.

The following week, Son borrows some of Dad' s equipment, and with some help from Dad, a house is built and made ready for Son and his new bride. Things are going well, and Son continues working for Dad, as well as working on his own place. Son frequently has Dad deduct the $2,000 payment from Son's wages.

However, times get rough and Dad has to mortgage his farm, which he does. Unfortunat~Iy there is no mention of Son's 40 acres in Dad's mortgage paperwork, and when Dad 1s unable to keep up his payments, Bank tries to foreclose on the entire farm including Son's 40 acres. '

As Son' s lawyer, what arguments will you need to consider?