The mortgage contract must follow the same form as a:
Select one:
a.
bailment
b.
deed
c.
note
d.
bond
b. Deed
A deed is the one that follow the same form as a mortgage accordingly as it serve the same purpose of transferring ownership rights
The mortgage contract must follow the same form as a: Select one: a. bailment b. deed...
Below is a list of vocabularies, concepts, theories, and terms please answer all of them briefly. UCC 2 Magnuson – Moss Warranty Act Mortgage Deed Warranty of merchantability Bailment Statute of Frauds Mitigation Title Novation Assignment Delegation Personal Service Contract Condition Precedent Condition Subsequent Substantial Performance Waiver Restitution Unconscionability Eviction Policy Lease Deductible Deficiency judgment Liquidated damages Unilateral contract Bi-lateral contract Offer Acceptance Consideration Objective theory of contracts Revocation Counteroffer Capacity Legality Ratification Usury Appraisal Pledge Undue influence Holdover proceeding...
15. A"_ _"is a security interest in real property or a deed to real property that is given by the owner as security for a debt owed to the creditor. A. bill of sale B. note of trust C. mortgage D. quasi-contract
1.when an escrow fails to close the licensee must: a. file a lawsuit to recieve her commision b. arrange for arbitration between parties c.arrange for meditation between parties d.having the parties sign a cancellation of contract form 2.a licensee that advertises her home for sell with no intentions of selling is a. using an effective prospecting technique b. violationg the TILA BAIT AND SWITCH law c. not doinf anything illegal if done by an employing broker d. requires to list...
Under the Parol Evidence rule the court will presume that?
Select one:
a. An oral contract does not contain all of the terms of the
agreement
b. A written contract contains all of the terms of the
agreement
c. A written contract does not contain all of the terms of the
agreement
d. An oral contract contains all of the terms of the
agreement
The different types of mistake recognised by the law include?
Select one:
a. Mutual, innocent and...
The legal concept of “Adequacy of Consideration means Select one: a. The court does not care if the amount of money received in exchange for labor or property is adequate. b. The contract agreement must contain the word "consideration." c. The amount of money received in exchange for labor or property must be adequate or it is not a legal contract. Consideration involves each party inducing the other to change their position at Select one: a. Approximately the same time....
22- Which of the following statements is most correct? a. A venants in mortgage bond is one that allows the same assets to be used as security in future bond issues. b. Covenants in a trust indenture restrict or limit the actions the firm c c. Retractable bonds can be redeemed prior to maturity by the firm. d. All of the above are correct. 23-Wh a. Setting reserve requirements b. Altering the discount rate, c. Through federal open market operations...
In this question, identify what a bailment is by writing one to two sentences. Then take a look at each of the four scenarios and discuss whether or not the following common transactions are bailments and if so, who the bailor/bailee is and what type of bailment is involved. Make sure you write something for each statement; each worth 1 point and the bailement explanation is worth 1 point for a total of 5 points for this essay question. Scenario...
QUESTION 1 In a bailment for the sole benefit of the bailee, the bailor does not need to notify the bailee of hidden defects in the bailed property that the bailor knows of. True False 2 points QUESTION 2 Greenway Freight is transporting a load of furniture for Levitz from Chicago to Portland. Greenway’s truck is damaged by a tornado. Much of the furniture is damaged as a result. Will Greenway be held liable to Levitz for damages? a....
Which of the following statements is true regarding process costing? Select one: A. All costs must be assigned to individual jobs or production runs. B. All products must follow the same path through production to reach the Finished Goods Inventory. C. All products in a particular batch are homogenous. D. A company must use the weighted average cost-flow assumption in tracking the ending balance in each Work in Process Inventory account. E. All of these statements are true.
Which of the following will not terminate an offer? Select one: a. The subject of the contract becomes illegal. b. Death f the offeror or offeree. c. An Option Contract. d. destruction of the subject matter. Under the Objective Theory of Contacts, the Reasonable Person Select one: a. May determine the existence of a contract if there is a dispute. b. May determine the terms of a contract if there is a dispute. c. Both of the above. d. Neither...