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The document is a legal opinion from the United States Court of Appeals for the Fourth Circuit regarding an appeal by Mark A. Henrikson against First Union National Bank concerning claims of breach of contract and other related issues following a foreclosure on his property. The court affirms in part, vacates in part, and remands the case, highlighting disputes over oral agreements and a written forbearance agreement related to missed mortgage payments. The court finds genuine issues of material fact regarding whether the forbearance agreement satisfied Nevada's statute of frauds and whether the defendants retained any interest in the property after its sale.

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What is the meaning of the word federal?

1. a. : of or constituting a form of government in which power is distributed between a central authority and a number of constituent territorial units. b. : of or relating to the central government of a federation as distinguished from the governments of the constituent units.

What does the term federal government refer to in the United States?

Federalism is a system of government in which the same territory is controlled by two levels of government. Generally, an overarching national government is responsible for broader governance of larger territorial areas, while the smaller subdivisions, states , and cities govern the issues of local concern.

What is 120 of the federal mid term rate?

120% Mid-Term Applicable Federal Rates 120% Mid-Term Applicable Federal Rates (AFR) Use the Interest Rate Below Based on the Payment Frequency January 2024 5.25 5.15 December 2023 5.79 5.67 November 2023 5.65 5.5395 more rows

What does the term federal refer to?

The term federal is typically used to refer to the United States Government, its legislative, executive, and judicial branches, and the statutes , rules, and regulations enacted by those branches of government. The split of powers between the federal government and the various state governments is known as federalism .