Occupier Study guides, Class notes & Summaries

Roy brought his house 10 years ago for 150,000 but it would cost 200,000 to rebuild it today. Because his house is in a highly desirable area, it's Fair Market Value $275,000. What amount should the agent recommend that Roy insure his house for to provide replacement cost for a total loss? A) 150,000 B) 160,000 C)275,000 D) the ACV of the house - ANSWER B) 160,000 A participating company headquartered in a Guam authorized to do business in your state would be described as which company...

PVL3704_ STUDY PACK QUESTION AND ANSWER. Enrichment Liability And Estoppel. What is the appropriate enrichment action that B must institute against the bank (C) according to case law? 1 The condictio sine causa. 2 The condictio indebiti. 3 The condictio causa data causa non secuta. 4 The condictio ob turpem vel iniustam causam. 5 The actio negotiorum gestorum contraria. (2) Question 16 Indicate which one of the following is not a requirement for a valid reliance on estoppel: 1 There mus...

Roy brought his house 10 years ago for 150,000 but it would cost 200,000 to rebuild it today. Because his house is in a highly desirable area, it's Fair Market Value $275,000. What amount should the agent recommend that Roy insure his house for to provide replacement cost for a total loss? A) 150,000 B) 160,000 C)275,000 D) the ACV of the house - ANSWER-B) 160,000 A participating company headquartered in a Guam authorized to do business in your state would be described as which company...

Which category of topics accounts for the most number of questions on the State exam...? CORRECT ANSWER practice of real estate and disclosures This is an item of personal property that has been attached to real property...? CORRECT ANSWER fixture Residential property includes how many dwelling units...? CORRECT ANSWER 1-4 dwellings The rights of a land owner or land occupier to use flowing water (such as a river) that is adjacent to the land are known as...? CORRECT ANSWER riparian rig...

OMPLETION, POST COMPLETION AND REMEDIES PREPARING FOR COMPLETION - BUYER’S SOLICITOR Draft the Transfer s52 LPA 1925 - The Transfer must be in the form of a deed, When drafting the Transfer, buyer’s solicitor will need the official copies of the seller’s titles and the contract (for correct names), • Registered Land ³ Form TR1 used to transfer the whole (freehold or leasehold) ³ Form TR5 used to transfer a portfolio • Unregistered Land ³ No prescribed form but likely TR1 ...

CAIB 3 Exam Questions with All Correct Answers Civil Law - Answer-the body of law concerned with civil or private rights and remedies, as contrasted with criminal law which deals with wrongs against society. Tort - Answer-a private or civil wrong or injury, other than breach of contract, for which the court will provide a remedy in the form of an award for damages. Breach of Contract - Answer-is the failure, without legal excuse to perform any promise which forms the whole or part of ...

CONCEPTS OF PROPERTY E.G. of property: things (goods), land, copyright (product of artistic/skilled endeavour), shares, contractual rights (debts), software, air, water, minerals, indigenous rights to hunt, fish, hold ceremonies, reside etc. • Property refers to a specific form of legal relationship that an individual has with an object or resource, whether that object or resource be tangible or intangible in nature. • Property is a comprehensive term which refers to the degree of contr...

Roy brought his house 10 years ago for 150,000 but it would cost 200,000 to rebuild it today. Because his house is in a highly desirable area, it's Fair Market Value $275,000. What amount should the agent recommend that Roy insure his house for to provide replacement cost for a total loss? A) 150,000 B) 160,000 C)275,000 D) the ACV of the house - ANSWER-B) 160,000 A participating company headquartered in a Guam authorized to do business in your state would be described as which company...

CPR3701 Assignment 2 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references ........... Question 1 Not yet answered Marked out of 1.00 Flag question Question text Choose the CORRECT answer from the following statements a. A conviction on the competent verdict must be regarded as an acquittal on the original charge b. Where the express charge is not proved by the prosecution, the court may still re...

A building valued at $120,000 is insured for $30,000 and there is an 80% co-insurance clause on the policy. The building was totally destroyed by fire last weekend. The insured would receive a settlement of: a. 7,000 b. 12,000 c. 30,000 d. 37,5000 - Answerc. 30,000 The reinstatement clause contained in most policies of commercial property insurance provided that: a. The insureds shall have as much insurance on the property after an insured loss as they had immediately prior to it b....