Study guides, Class notes & Summaries

A Private Club Series 14 license has ______. Correct Answer only on-sale privileges The ______ operates independently from the Director of Department of Liquor Licenses and Control, but is housed within the department. Correct Answer Arizona State Liquor Board Liquor Store Series 09 licensees are allowed to sell beer from the tap for off-premises consumption (in growlers). True or False? Correct Answer True. However, growlers cannot be sold at a drive-up service window. An off-sale lice...

Arizona Revised Statutes Exam Questions and Answers

What does Title 4 cover? Correct Answer Alcoholic beverages In Titel 4 who is the department? Correct Answer Department of Liquor What covers distilled spirits? Correct Answer Hard liquor (brandy, vodka) Whta is Spiritous Liquor? Correct Answer All distilled spirits plus beer and wine What is the legal drinking age? Correct Answer 21 When is it legal to have a patio not next to the premise that serves alcohol? Correct Answer Cannot exceed 30 feet and seperated by a public or priva...

ARIZONA LAW FOR PT-PTA

What are the two requirements of the property if the anti-deficiency statute is to apply? - correct answer 2.5 acres or less. Utilized as a family home for a 1 or 2 family dwelling. In a deed of trust, who is the "trustor?" - correct answer The person buying the house (the purchaser). Who has priority in liens even over a purchase money mortgage lien filed prior? - correct answer Liens for unpaid property taxes and agricultural liens on crops. Does an IRS lien filed in 2015 have prior...

When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to do? - correct answer Give notice, explain, and allow opting out Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after - correct answer 9:00 PM A health plan offered by private insurance companies is - correct answer Medicare Supplement Chris has a single major medical contract which covers all medical expenses. His plan is considered to be - correct answer...

A whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - correct answer they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee if the insured has any outstanding debts 2. are paid directly to the insured`s credito...

When a deed in lieu of foreclosure is given to a lender, which of the following is true? - correct answer Time and cost are less B buys land from W using a deed of trust as security for the carryback. B makes all the payments except the final three and is now in default. W does nothing and decides not to foreclose until later. By doing this W is exercising his right of: - correct answer Forbearance A commercial building is sold in a foreclosure for $100,000 less than the balance due the le...

Within how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ - correct answer 15 days An example of involuntary alienation is where title to real estate passes by: - correct answer Sheriff's deed What event will create an involuntary life estate? - correct answer Dower interest becoming cohate A valid warranty deed must contain all of the following elements, except: - correct answer Signed by grantee The clause in a deed which sets f...

Which of these is true regarding the exchange of consideration among parties involved in an insurance contract? - correct answer Can be unequal The premiums paid by an employer for his employee's group life insurance are usually considered to be? - correct answer Tax-deductible to the employer Kevin has an existing life insurance policy and assigns it to another insurer for a new contract. How would this transaction be treated for tax purposes? - correct answer As a section 1035 exchange ...