Trustee Study guides, Class notes & Summaries

Colorado Real Estate – Contracts Exam Questions and Answers 100% Pass vicarious liability - Correct Answer ️️ -a principal's liability for an agent's acts performed within the scope of the agency; specifically excluded by Colorado statute from a principal's liability unless the act or omission was approved, directed or ratified. (The employing broker is responsible to licensees actions) Sam is an associate broker who wishes to purchase investment property. What must Sam do when t...

Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. B. $175,000 - or one-half the value Once a will is prope...

Proprietary funds are A. Funds used to account for the activities of a government that are carried out primarily to provide services to citizens B. Funds used to account for a government's ongoing organizations and activities that are similar to those operated by for-profit organizations C. Funds used to account for monies held by the government in a trustee capacity D. Funds used to account for all financial resources except those required to be accounted for in another fund E. ...

NC Funeral Law Exam Questions and Answers (Graded A) Four members of the Board of Funeral Service are appointed by the Governor from nominees recommended by: -Answer-The North Carolina Funeral Directors Association. Every NC Burial association with assets less than $10,000. shall have a secretary or secretary/treasurer that shall have a bond payable to the Board of Funeral Service as trustee for the burial association. This bond shall be in the amount between __________. -Answer-$1,000 an...

Mutually owned co-operative financial institutions offering benefits to members through a trust-like structure" describes which type of Insurer/Fund Manager? - Answer- Friendly Society Which is the decision-making process of framing? - Answer- To remove the 'noise' from an issue to allow us to see the problem for what it is Under the RG271 what is the maximum timeframes for IDR response for a Superannuation trustee complaints? - Answer- 45 days after receiving the complaint In the se...

Reca – Residential Exam Questions and Answers 2024 Self regulation -Answer--General obligation -Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate Brokerage interests -Answer-Interest of brokerage at odds with brokerage client Fiduciary duties -Answer--Utmost loyalty -Not to make secret profits -Maintain confidentiality -To account -Avoid and disclose conflicts of interes...

The insurer can increase the policy premium on an individual basis. - Answer- Which of the following is NOT a feature of a guaranteed renewable provision? Coverage is not renewable beyond the insured's age 65. The insured's benefits cannot be reduced. The insurer can increase the policy premium on an individual basis. The insured has a unilateral right to renew the policy for the life of the contract. Residual disability - Answer- Disability income policies can provide coverage for a ...

Notary Public Exam (California)correctly answered 20231: What is one requirement for becoming a California Notary Public? Be a legal resident of California 2: Your jurisdiction will be: The entire state of California 3: A possible penalty for committing perjury is: 2, 3 or 4 years 4: You have how many days to take your oath of office after your commencement date: 30 days 5: If you request a new Certificate of Authorization, the State of California must respond wit...

MA Law conversion - Equity and trusts - Trustee exemption clauses Exam Essay Template- ULaw

QUESTION 1 No person may carry on a regulated activity in the UK unless authorised or exempt (s19 FSMA). Need to ensure that the firm is not committing a criminal offence by carrying out a regulated activity without authority pursuant to S 23 FSMA, so we need to consider the effect of FSMA. 1. Are you in Business? a. For an activity to be a regulated activity under FSMA, it must be “carried on by way of business”. As the firm is providing a service for the client, it is in business for...