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NEW JERSEY TITLE INSURANCE EXAM LATEST 2025 ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
The agreement of the parties is demonstrated by their acts and
conduct - ANSWER-Implied Contract
One sided agreement whereby one party makes a promise to
induce a second party to do something - ANSWER-Unilateral
Contract
Both parties have fulfilled their promises and performed the
contract.
When something needs to be done by one or both parties -
ANSWER-Executed contract ; executory contract
Transfer of rights, duties, or obligations under a contract -
ANSWER-Assignment
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Substitute of a new contract for an existing agreement -
ANSWER-Novation
A violation of any terms or conditions in a contract without legal
excuse - ANSWER-Breach of Contract
NJ allows a specific time limit of 6 years during which parties to a
contract may bring legal suit to enforce their rights (contracts,
foreclosures, mortgages, fraud) - ANSWER-Statute of Limitations
Whereby the seller and buyer agree on the terms of the sale -
ANSWER-Offer and Acceptance
Gives evidence of the buyers intention to carry out the terms of
the contract (good faith deposit) - ANSWER-Earnest Money
A condition / special clause in a contract
Certain happening on which a contract depends - ANSWER-
Contingency
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Agreement under which buyer pays in installments and waits for
deed - ANSWER-Land Contract
Owner of real estate transfers the right to possession and use of
the owners property to the tenant for a specified period of time -
ANSWER-Lease
A leasehold estate that continues for a definite period of time, oral
or written - ANSWER-Estate for years
When the landlord and tenant enter into an agreement that
continue for an indefinite length of time - ANSWER-Periodic
estates
An estate that gives the lessee (tenant) the right to possess with
content of the landlord for an indefinite period - ANSWER-
Tenancy at Will
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A tenant who lawfully came into possession of real property
continues after his or her rights has expired to hold possession of
premises without landlord consent
Can be evicted at any time - ANSWER-Tenancy at Sufferance
No new lease agreement has been made, the landlord may evict
the tenant or accept - ANSWER-Holdover tenancy
The tenants obligation is to pay a fixed rent and the landlord pays
all taxes, insurance, repairs - ANSWER-Gross lease
In addition to paying rent, the tenant may have to pay some or all
of the property damages - ANSWER-Net lease
A landowner leases his or her land to a tenant who agrees to
erect a building on it - ANSWER-Ground Lease
NEW JERSEY TITLE INSURANCE EXAM LATEST 2025 ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
The agreement of the parties is demonstrated by their acts and
conduct - ANSWER-Implied Contract
One sided agreement whereby one party makes a promise to
induce a second party to do something - ANSWER-Unilateral
Contract
Both parties have fulfilled their promises and performed the
contract.
When something needs to be done by one or both parties -
ANSWER-Executed contract ; executory contract
Transfer of rights, duties, or obligations under a contract -
ANSWER-Assignment
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Substitute of a new contract for an existing agreement -
ANSWER-Novation
A violation of any terms or conditions in a contract without legal
excuse - ANSWER-Breach of Contract
NJ allows a specific time limit of 6 years during which parties to a
contract may bring legal suit to enforce their rights (contracts,
foreclosures, mortgages, fraud) - ANSWER-Statute of Limitations
Whereby the seller and buyer agree on the terms of the sale -
ANSWER-Offer and Acceptance
Gives evidence of the buyers intention to carry out the terms of
the contract (good faith deposit) - ANSWER-Earnest Money
A condition / special clause in a contract
Certain happening on which a contract depends - ANSWER-
Contingency
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Agreement under which buyer pays in installments and waits for
deed - ANSWER-Land Contract
Owner of real estate transfers the right to possession and use of
the owners property to the tenant for a specified period of time -
ANSWER-Lease
A leasehold estate that continues for a definite period of time, oral
or written - ANSWER-Estate for years
When the landlord and tenant enter into an agreement that
continue for an indefinite length of time - ANSWER-Periodic
estates
An estate that gives the lessee (tenant) the right to possess with
content of the landlord for an indefinite period - ANSWER-
Tenancy at Will
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A tenant who lawfully came into possession of real property
continues after his or her rights has expired to hold possession of
premises without landlord consent
Can be evicted at any time - ANSWER-Tenancy at Sufferance
No new lease agreement has been made, the landlord may evict
the tenant or accept - ANSWER-Holdover tenancy
The tenants obligation is to pay a fixed rent and the landlord pays
all taxes, insurance, repairs - ANSWER-Gross lease
In addition to paying rent, the tenant may have to pay some or all
of the property damages - ANSWER-Net lease
A landowner leases his or her land to a tenant who agrees to
erect a building on it - ANSWER-Ground Lease
