Warranty against eviction Study guides, Study notes & Summaries

Acceleration Clause - ANSWER-a clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. The most common reasons for accelerating a loan are if the borrower defaults on the loan or transfer title to another individual without informing the lender Adjustable Rate Mortgage (ARM) - ANSWER-A mortgage in which the interest changes periodically, according to corresponding fluctuations in an index. All ARMs are tied to indexes Adjustmen...

Florida Real Estate State Exam Prep Joint Ventures - ANS is a temporary form of business arrangement often encountered in real estate business. Trade Names - ANS is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - ANS Administrative Procedures Act Chapter 455, F.S. - ANS Regulation of Professional and Occupations Chapter 28, Sections 101-110 - ANS Division ...

Page 1 of 119 LAW ON SALES 1. A contract whereby one of the contracting parties obligates himself to transfer the ownership of and to deliver a determinate thing and the other to pay therefore a price certain in money or its equivalent is a contract of: a. barter b. sale c. dacion en pago d. mortgage Answer: B. sale It is expressly stated in Article 1458 of the Civil Code that by the contract of sale one of the contracting party obligates himself to transfer the ownership of to deliver a determi...

Abandonment - Answers The failure to occupy and use property that may result in loss of rights Abatement of Nuisance - Answers Extinction or termination of a nuisance Abstract of Judgement - Answers A condensation of the essential provisions of a court judgement Abstract of Title - Answers A summary or digest of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record wh...

LPL4801-notes - summary notes 2022 LPL401 8 ! " #$ % Introduction to the contract of lease 1. Explain the relationship between the general principles of contract and specific contracts 2. Explain how and why contracts are assigned to different classes (types) 3. Set out the essentialia of a contract 4. Set out the naturalia of a contract #$ % Definition and essential elements 5. Define a contract of lease 6. Set out the requirements for a valid contract 7. Set out the essential elem...

NYS Real Estate Exam Questions And Correct Answers. Complete Verified Solutions Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. Insurance Premiums What is overage rent? Rent calculated on a percentage of sales volume what is the amount a buyer owes at closing equal to? The excess of the buyers debits over the buyers credits real estate agents are typically what kind of agent special agent what is the em...

MULTIPLE CHOICE QUESTIONS. LPL4801 - Law Of Sale And Lease. Which one of the following statemetns is INCORRECT? a) A thing which has not yet come into existence can be let b) Commodus usus always includes the right to make a profit where the lessee runs a business from the leased premises c) In certain circumstances the lessor may be liable for consequential damages resulting from a defect in the thing let d) Remission of rent may be viewed as a specific application of supervening impossib...

DLSU Manila ACTREG2 Midterm Examination 1. LA Lakers entered into a contract with Nike Inc to provide two pairs of basketball shoes for Kobe Bryant and Andrew Bynum. No pair was, however, available at the time of perfection of the contracts. Kobe wears 10” basketball shoes which Nike normally manufactures for the general market while Andrew wears 20” basketball shows which will be manufactured specially for Andrew. What contracts are entered into by the parties? a. Both contracts of sale b. ...

Explains the 3 main duties of the seller as set out in the KRG120 textbook "Commercial Law" by Nagel et al. Namely: duty of safe keeping, passing of ownership and warranties against eviction and latent defects.

1. As a rule, this contract of deal involving a piece of land is void, A. Between a minor and a capacitated person. B. Between two insane persons who did not act during lucid interval C. Between first degree cousins D. Between husband and wife 2. X, 17 years old, sold to Z, of legal age, her necklace worth P20,000 for P15,000. Later, Z sold the necklace to Y for P20,000. Which of the following statements is correct? A. X has got a voidable title because at the time of deal, she is a ...