Real Estate
What do you call a building or land you own?
Property
What is a business owned by one person called?
Sole proprietorship
What do lawyers use to organize their writing?
IRAC
What document shows you own a house?
Deed
What protects owners from personal liability in a company?
Limited liability
What step in IRAC asks “What is the problem?”
Issue
What do you sign if you want to rent a house?
Lease
What do you call the owners of a corporation?
Shareholders
What step explains the law in IRAC?
Rule
What do you pay when you borrow money for a house?
Mortgage
What document officially creates a corporation?
Articles of Incorporation
What step applies the law to the facts in IRAC?
Analysis
What is the law that says what you can build on land?
Zoning
What is it called when courts ignore liability protection?
Piercing the Corporate Veil
What step gives the final answer in IRAC?
Conclusion