Commerical law Study guides, Revision notes & Summaries

INSURANCE - Answer The method of spreading the risk of a financial loss among a large number of people. When spreading the risk reduces the financial impact of an individual loss. INSURANCE COMPANY - Answer entity that agrees to indemnify (make financially whole again) Insureds against covered losses PROPERTY - Answer Various types of insurance designed to insure property from financial loss. D.H.C.I.O.C 1.Dwelling 2.Homeowners 3.Commerical Property 4.Inland marine 5.Ocean marine 6.C...

ASREB Exam Questions With Complete Solutions. Salesperson is working for a principal, but the salesperson exceeds authority in agreement. Principal does nothing to correct the actions, and the public is led to believe the actions were okay. Agency? Estoppel Amount stated in a purchase contract in case the buyer breaches is called: Liquidated In a sublease with a positive leasehold who benefits from excess rent? Sub-lessor Property taxes are 1,525. 1st half paid by seller closes November...

Appraisal Correct Answer: An estimation of a property's value, usually prepared by a professional who is licensed in this field. Brokerage Correct Answer: The business of bringing people together in a real estate transaction. Commerical Correct Answer: The types of properties that include office spaces, shopping centers, stores, theaters, hotels, parking facilities, etc. Development Correct Answer: The term for the construction of improvements upon the land. Elevation Certificate ...

Law of Contracts - CHAMPIONS School of Real Estate THE PURPOSE AND FOCUS OF THE LICENSE ACT, AND OF TREC, IS TO PROTECT THE __________________. PUBLIC TREC ESTABLISHED THE _____________________________________ TO WRITE THE RESIDENTIAL CONTRACT FORMS THAT ARE THEN PROMULGATED BY TREC. BROKER LAWYER COMMITTEE ___________________________ MEANS PUBLISHED, OR MADE OF PUBLIC RECORD, AND THESE FORMS ARE THEN MANDATORY FOR AGENTS TO USE, WITH JUST A FEW EXCEPTIONS. PROMULGATED FAILURE...

Functions of a commercial bank - Answer collect deposits Make loans to businesses and individuals Provide accounts and cash management services Functions of an investment bank - Answer Helps companies issue debt and equity provides advice to companies regarding mergers, acquisitions, and sale of businesses Helps arrange financing for acquisitions Provides advice to companies involved in bankruptcy Makes markets in stocks, bonds, loans, and other financial products Glass-Steagall Act ...

Texas Property and Casualty Exam Accurately Solved Latest INSURANCE - The method of spreading the risk of a financial loss among a large number of people. When spreading the risk reduces the financial impact of an individual loss. INSURANCE COMPANY - entity that agrees to indemnify (make financially whole again) Insureds against covered losses PROPERTY - Various types of insurance designed to insure property from financial loss. D.H.C.I.O.C 1.Dwelling 2.Homeowners 3.Commerical Proper...

AIDA 181 Study Guide 2023 with complete solution big data - sets of data that are to large to be gathered and alayszed by traditional methods 5 Vs of big data - volume variety velocity veracity value volume - far larger (consumes more storage space) than traditional data stores variety - much of the data exists in multiple unstructured (this is defined later) formats velocity - speed at which the data arrives and the rate of evolution veracity - the co...

INSURANCE The method of spreading the risk of a financial loss among a large number of people. When spreading the risk reduces the financial impact of an individual loss. INSURANCE COMPANY entity that agrees to indemnify (make financially whole again) Insureds against covered losses PROPERTY Various types of insurance designed to insure property from financial loss. D.H.C.I.O.C 1.Dwelling 2.Homeowners 3.Commerical Property 4.Inland marine 5.Ocean marine 6.Crime Actu...

ASREB Exam Questions With Complete Solutions. Salesperson is working for a principal, but the salesperson exceeds authority in agreement. Principal does nothing to correct the actions, and the public is led to believe the actions were okay. Agency? Estoppel Amount stated in a purchase contract in case the buyer breaches is called: Liquidated In a sublease with a positive leasehold who benefits from excess rent? Sub-lessor Property taxes are 1,525. 1st half paid by seller closes November...

WARRANT BOARD EXAM Study Questions and Verified Solutions You have just reached price agreement on a sole-source contract negotiation. You ask the offeror to provide you a certificate of current cost or pricing data. What will you be asking the contractor to certify to? Generally speaking, what is the purpose of the cert? What is the current threshold for requiring cost or pricing data? What are the exceptions? - Answer -15.403-4 (b) (2) A Certificate of Current Cost or Pricing Data, in th...