Codicil Study guides, Revision notes & Summaries

Vivian buys a life insurance policy in which the insurer pays policyholders dividends based on how well the life insurer is doing. If the insurer is profitable, Vivian will receive dividends. If the insurer underperforms financially, Vivian and other policyholders will receive fewer dividends. Indicate the type of insurance policy Vivian purchased. A. Variable life insurance. B. Participating life insurance. C. Limited-pay life insurance. D. Non-participating life insurance - B. Participa...

NYS Notary A Notary who refrains from performing a duty, which is imposed by law or inherent in the nature of his/her office, may be guilty of? a. A felony b. Criminal Contempt c. A Tort d. A Misdemeanor - Correct answer-d. A Misdemeanor A copy of a public record signed and certified as true copy by the public official having custody of the original is known a(n): a. Affirmation b. Authentication c. Certified Copy d. Acknowledgment - Correct answer-c. Certified Copy To grant the rig...

Ohio Real Estate Exam test bank Questions with answers 2023May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclusive CORRECT A...

Who Commissions notaries public? A. State Comptroller B. County Clerks C. Attorney General D. Secretary of State - Correct answer-D. Secretary of State The application fee for a notary public commission is? A. $40 B. $60 C. $80 D $90 - Correct answer-B. $60 An application for a notary public commission must be submitted to? A. County Clerk B. Local civil court C. Division of Licensing Services D. None of the above - Correct answer-C. Division of Licensing Services Which of the fol...

NYS Notary Test Multiple Choice Questions With 100% Correct Answers 2023 Who Commissions notaries public? A. State Comptroller B. County Clerks C. Attorney General D. Secretary of State - Correct answer-D. Secretary of State The application fee for a notary public commission is? A. $40 B. $60 C. $80 D $90 - Correct answer-B. $60 An application for a notary public commission must be submitted to? A. County Clerk B. Local civil court C. Division of Licensing Services D. None of th...

An affirmation is the legal equivalent of, and equally binding as: a) An oath b) An acknowledgment. c) A certification. d) An attestation. a) An oath (An affirmation is the legal equivalent of an oath and can be used in executing affidavits, swearing in witnesses, administering an oath of office, etc.) The Secretary of State's authentication attached to a notarized and county-certified document, for possible international use, is called a(n): a) Conveyance. b) Annotation. c) Apostill...

Real Estate NYREI(question with complete solution)graded A+ 2023Section 3508 (a)(b) of IRS Code - correct answer real estate licensees are independent contractors article 12-A - correct answer NY Salesperson & broker license law real property law that governs agents and brokers Section 443 of NY Real Property Law - correct answer Agency disclosure listing contracts owned by - correct answer BROKER Joint tenancy unities - correct answer time, title, interest, possession (PITT) a...

An affirmation is the legal equivalent of, and equally binding as: a) An oath b) An acknowledgment. c) A certification. d) An attestation. - a) An oath (An affirmation is the legal equivalent of an oath and can be used in executing affidavits, swearing in witnesses, administering an oath of office, etc.) The Secretary of State's authentication attached to a notarized and county-certified document, for possible international use, is called a(n): a) Conveyance. b) Annotation. c) Aposti...

An affirmation is the legal equivalent of, and equally binding as: a) An oath b) An acknowledgment. c) A certification. d) An attestation. - correct answera) An oath (An affirmation is the legal equivalent of an oath and can be used in executing affidavits, swearing in witnesses, administering an oath of office, etc.) The Secretary of State's authentication attached to a notarized and county-certified document, for possible international use, is called a(n): a) Conveyance. b) Annota...

1. A will is an instrument for the ordered disposition of real and personal property that is to take effect upon death. Which of the following is a requirement for a will to take effect? - a. The will has a codicil. 2. The Funeral Rule, which is enforced by the Federal Trade Commission (FTC), has many provisions. These include mandated disclosures and restrictive actions. At the very start of a face- to-face discussion with the public regarding the selection of funeral goods or services ...