55 of 100
A written contract to sell timber rights is performed by both parties. Six
months later, the seller has second thoughts and wants to reclaim the
rights under Regulation Z. What is the likelihood that the seller will
succeed?
Slight, if the seller fells like he was taken advantage of.
Good, because Regulation Z requires the contract be in writing.
Nonexistent, since this contract has nothing to do with a violation or, or compliance with, Regulation Z.
Excellent, because landowners are not allowed to sell timber rights under Regulation Z.
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