Warranty against eviction Study guides, Study notes & Summaries

deed - ANSWER-the instrument used to transfer real property Title - ANSWER-Ownership and the owner's rights Real Estate - ANSWER-Land + improvements (appertenances) Physical Characteristics of Land - ANSWER-1. Immovable 2. Indestructable 3. Non-Homogenous (unique) Economic Characteristics of Land - ANSWER-1) Situs 2) Improvements 3) Fixed Investment 4) Scarcity Personal Property - ANSWER-anything that is not real property; Chattel Severance - ANSWER-Remove from the land M...

CHAMPIONS SCHOOL OF REAL ESTATE SALESPERSON NATIONAL PREP EXAM 1 WITH ANSWERSCHAMPIONS SCHOOL OF REAL ESTATE SALESPERSON NATIONAL PREP EXAM 1 WITH ANSWERS i. John owns the dominant estate with an easement appurtenant. John sells the property. What happens to the easement? a. A commercial tenant's lease will expire at the end of the month. It is terminated by the sale. b. It belongs to the buyer. c. (Its ownership must be negotiated outside the sale. d. John retains ownership of the easem...

CHAMPIONS SCHOOL OF REAL ESTATE SALESPERSON NATIONAL PREP EXAM 1 WITH ANSWERSCHAMPIONS SCHOOL OF REAL ESTATE SALESPERSON NATIONAL PREP EXAM 1 WITH ANSWERS i. John owns the dominant estate with an easement appurtenant. John sells the property. What happens to the easement? a. A commercial tenant's lease will expire at the end of the month. It is terminated by the sale. b. It belongs to the buyer. c. (Its ownership must be negotiated outside the sale. d. John retains ownership of the easem...

DLSU Manila ACTREG2 Quiz One 1. D orally borrowed P1,000 cash from C evidenced with conventional interest of 1% per month. In order to secure the said loan, P orally pledged and delivered the cellphone of D to C. Aside from that, G orally guaranteed the contract of loan of D to C. Among the agreements entered into, which is valid? a. Contract of loan and contract of guaranty b. Contract of loan and contract of pledge c. Contract of guaranty and agreement to pay interest d. Contract of pledge and...

LPL4801 LAW OF SALE AND LEASE STUDY NOTES. Essentialia of a contract: these classify a contract as one of a specific type – e.g. contract of sale For a contract of sale you look at: a) An undertaking by the seller to deliver the thing to the buyer b) An undertaking by the buyer to pay a sum of money in exchange for the thing If the contract doesn’t have these terms it isn’t a contract of sale. If it doesn’t have the essentialia of any type of contract but is a valid contract it w...

During a storm, heavy winds cause a tree limb to break and fall onto Paul's house, causing $6,500 in damage. Paul's insurance company now considers his house: - Answer- A Loss Which of the following best describes a "risk," according to the insurance definition? - Answer- A potential for financial loss A lion at a zoo escaped when a zoo employee failed to follow protocol. The lion injured a zoo patron. In court, the injured patron's lawyer could invoke the doctrine of: - Answer- Res I...

Insuring Agreement - Correct Answer-company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions - Correct Answer-what the policy will not pay for Definitions - Correct Answer-names of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the policy Additional Coverage - Correct Answer-coverages under a policy that are provided by the insurer at no extra cost Casualty Policies - Corr...

Texas Real Estate Exam PREP Questions and Answers 100% Solved An unlicensed assistant is showing property for her broker. Which of the following penalties would apply and to whom? Both the broker and the unlicensed assistant would be subject to fines by TREC The listing presentation went welland the seller has agreed to list with the broker. The listing agreement has not been signed but the broker has an appointment with the sell The broker must wait for the written permission to place the sig...

CHAMPIONS SCHOOL OF REAL ESTATE SALESPERSON NATIONAL PREP EXAM 1 WITH ANSWERSCHAMPIONS SCHOOL OF REAL ESTATE SALESPERSON NATIONAL PREP EXAM 1 WITH ANSWERS i. John owns the dominant estate with an easement appurtenant. John sells the property. What happens to the easement? a. A commercial tenant's lease will expire at the end of the month. It is terminated by the sale. b. It belongs to the buyer. c. (Its ownership must be negotiated outside the sale. d. John retains ownership of the easem...

The Standard Fire policy has 4 main parts. They are: - ANSWER Declarations, Insuring Agreement, Conditions, and Exclusions Coverage L in a Personal Liability Supplement provides: - ANSWER coverage for both bodily injury and property damage to a third party for which the insured is legally liable. In which section of the Standard Fire Policy would one find the following subsection titled: "Duties of the Insured after an Occurrence"? - ANSWER Conditions An unendorsed Dwelling Policy is ...