Which type of deed would Study guides, Class notes & Summaries

LAW OF CONTRACT NOTES: Contract as an agreement intended to create enforceable obligations A contract is an agreement between two or more parties. The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforceable as contracts. Legally binding agreements that are not contracts: The ...

Because the United States started as an English colony, our legal system is a mix of common law and civil law Which of the following is not one of the four main sources of law? Contract law Based on the two broad categories of law, which one covers typical cases involving contracts and property ownership? Civil law The California _________ is the highest court level and all courts in California are bound by its decisions. Supreme Court Some courts recommend that p...

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the indi...

2022 California Real Estate Exam Prep Questions & Answers (Test Bank) (top 10pages free) An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. ANS- d. all of the above. These are elements of value. Which of the following abbreviations is associated ...

FAC1601-Exam-Pack - Exam pack Financial Accounting and Reporting (University of South Africa) lOMoARcPSD| Financial Accounting 1B Study & Exam Pack for FAC1601 © 2014 This is prepared for UNISA undergraduate students undertaking the module FAC1601. The past exam papers used as a way of practicing the concept emphasized in the study guide for this module Compiled by Levison Kamanga (check his profile on ), for and on behalf of “Inspired to impact with a difference” All the que...

LEV Notes Law of Evidence (University of South Africa) lOMoARcPSD| WITNESSES 2 aspects of oral evidence: 1. COMPETENCE OF WITNESS TO TESTIFY Whether person has mental capacity to testify – if not, they are not competent to testify & court cannot hear their evidence under any circumstances Note the diff btw admissibility and competence: - Admissibility = evidence of a person who is already a competent witness - Competence = focuses on the person Parties cannot consent to admission o...

Deed Restrictions - Correct answer-Legally enforceable terms that govern the use of real estate Redlining - Correct answer-The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 - Correct answer-Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piece of ...

McKissock Test Bank 2024/2025 Solution Manual Actual Questions and Answers 100% Verified What does not include physical mobility, but rather the control and possession of all the rights of ownership? Answer- Purchasing Power If an appraiser is valuing real property by sales comparison, whose actions is he or she LEAST likely to consider? Answer- Government Agencies Which value characteristic implies the presence of a need or demand, which considers the monetary power to fill that ne...

400 Must Have Words for the TOEFL Exam Questions with Verified Answers 2023 abandon (v.) - CORRECT ANSWER to leave; to give up Ex: To save their lives, the sailors had to ~ the sinking ship. adversely (adj.) - CORRECT ANSWER in a harmful way; negatively Ex: Excessive rainfall early in the spring can ~ affect the planting of crops. Usage Tips: ~ is often followed by affect. aggregate (adj.) - CORRECT ANSWER gathered into or amounting to a whole Ex: It is impossible to judge last ye...

RE (Real Estate) Final Exam Questions/Answers (Graded A) What type of relationship has been formed if two or more parties agree to combine their efforts for a single business transaction? Joint venture A city is in need of additional land for a new school. What right would the city have to acquire the land, even over the objections of the property owner? Eminent Domain Which type of deed would be best to convey property from the standpoint of the grantor? Quitclaim These are all rem...