A Special Assessment District (S.A.D.) is a geographic area in which the market value of real estate is enhanced due to the influence of a public improvement and in which a tax is apportioned to recover the costs of the public improvement.
Void, voidable, and unenforceable contracts: (1) A void contract is one without any legal effect from the beginning. (2) A voidable contract is one that a party may elect to avoid or ratify. (3) An unenforceable contract is one otherwise valid but for which some defense exists extraneous to formation.
A âjoint and severalâ contract is a contract with each promisor and a joint contract with all, so that parties having a joint and several obligation are bound jointly as one party, and also severally as separate parties at the same time. Hereâs an example of a joint obligation: A and B shall pay C $100.