Articles of incorporation Study guides, Class notes & Summaries

1. Condominium form of ownership is comprised of units owned by one or more persons and joint ownership of ________ share in the common elements. A. a percentage B. an undivided C. a proportional D. a complete B. an undivided Condominium means individual ownership of a unit coupled with joint ownership of an undivided share of the common elements as well as mandatory membership in the association. 2. Under the General Corporate Law _______, community associations have the right to...

A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration - Answer- True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase - Answer- True The Florida Fair Housing Act prohibits discrimination on the basis of handicap - Answer- True A valid Declaration of Condominium must contain easements for ingress and egr...

FL CAM License Exam Questions And Answers 1. Condominium form of ownership consists of units owned by one or more persons and joint ownership of ________ share in the common elements. A. a percentage B. an undivided C. a proportional D. a complete - ANS B. an undivided Condominium means individual ownership of a unit coupled with joint ownership of an undivided share of the common elements as well as mandatory membership in the association. 2. Under the General Corporate Law _____...

A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administrationAnswer - True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchaseAnswer - True The Florida Fair Housing Act prohibits discrimination on the basis of handicapAnswer - True A valid Declaration of Condominium must contain easements for ingress and egress...

Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - correct answer -$1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway at the back of the 22 acre...

A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration correct answers True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase correct answers True The Florida Fair Housing Act prohibits discrimination on the basis of handicap correct answers True A valid Declaration of Condominium must contain easements f...

FL CAM License Exam 2023 Graded A+ 1. Condominium form of ownership is comprised of units owned by one or more persons and joint ownership of ________ share in the common elements. A. a percentage B. an undivided C. a proportional D. a complete - ANSWER-B. an undivided Condominium means individual ownership of a unit coupled with joint ownership of an undivided share of the common elements as well as mandatory membership in the association. 2. Under the General Corporate Law _______...

Canadian Legal System · Based on equity and common law (judge made) · Theory of Precedent · Legislative Corporations and Corporate Law · Articles of Incorporation/ Letters Patent · Jurisdiction of Incorporation · Objects · By-laws · Resolutions · Public vs. Private · Participants o Shareholders o Directors o Officers o Employees

Primerica Practice Exam Test A 75 Questions & Answers 2023 1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: A. Single premium immediate annuity. B. Single premium deferred annuity. C. Level premium variable annuity. D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 2. A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured ...

Amendment of Article of Incorporation - who may amend if the corp hasn't issued any stock? correct answer: BoD If there isn't a board of directors, then the Incorporators When is a corporation born? Aka come into existence? correct answer: When the Department of State files the articles of incorporation. Amendment of Article of Incorporation - who may amend if the corp has issued any stock? correct answer: Two step process: 1. BoD must adopt the amendment AND 2. Board m...