Estoppel Study guides, Class notes & Summaries

Finance - Review Exam (Bob Brooks) with Complete Questions & Answers!! Discount Points are figured on the: a. Selling Price b. Loan Balance c. Salary of buyer d. None of the above. - ANSWER-b. Loan Balance Which of the following is shown on an estoppel certificate? a. Unpaid balance and interest rate on mortgage. b. Time of foreclosure c. Novation of the seller. d. Any defects in the title. - ANSWER-a. Unpaid balance and interest rate on mortgage. Insurance on an FHA loan i...

Personal Contract personal in nature, there must be an insurable interest Aleatory Contract "a one sided contract" equal value is not given by both parties in the contract. Policyowner pays small premium - insurer provides a substantial benefit Contract of Adhesion contract and its provisions are completed by one party - the insurer. Ambiguities vagueness or uncertainty in the contract will be in favor of the insured Unilateral Contract Only the insurer must ab...

MRL2601 ASSIGNMENT 2 SEMESTER 1 – 2024 (347800) DUE DATE: 15 APRIL 2024 QUESTION 1: 1.1 Lesedi and Simphiwe registered Furnmax (Pty) Ltd, a company that sells office equipment. The Memorandum of Incorporation of Furnmax (Pty) Ltd indicates that the board of directors, consisting of Lesedi, Simphiwe, Carol and Precious, can appoint a managing director who would be authorised to contract on the company’s behalf. However, the board has never formally appointed a managing director. Never...

CHAPTER 12- RESIDENTIAL MORTAGESWhich legal instrument evidences the debt and states the interest rate, term, payment requirement, and other information related to the loan? (a) Promissory note (b) Contract (c) Lien (d) Mortgage - correct answer (a) Promissory note What is the function of a mortgage? (a) It conveys title to real property. (b) It secures the repayment of the debt. (c) It creates a personal pledge to repay a loan. (d) It creates a lien on the mortgagee's...

When does a salesperson have a listing? - When the listing is signed. A salesperson and a co-operating salesperson are representing both the buyer and the seller, who would fiduciary be owed to? - Both the buyer and the seller. What do the seller and the listing broker have to agree on when listing a property? - The ending date of the listing. In an agency relationship, the primary ethical duty of a broker is to: - Represent the principal. When a salesperson obtains a listing: - It is prop...

Colorado Title Test Questions and Answers 100% Pass AGENTS' LICENSES TO REPRESENT A NATIONWIDE BUSINESS CONDUCTING BUSINESS IN COLORADO ARE ISSUED BY? THE COMMISSIONER OF INSURANCE OF THE STATE OF COLORADO THE APPROVED MANNER IN WHICH A TITLE INSURER IS SUPPOSED TO WRITE OVER, OR INSURE THROUGH, RECORD ENCUMBRANCES OR DEFECTS IN TITLE IS? BY A SPECIALLY FILED ENDORSEMENT PURSUANT TO THE PROVISIONS OF THE UNIFORM PROBATE CODE, THE ADMINISTRATION OF THE ESTATE OF A COLORADO RESIDENT WHO DIED O...

RECA fundamentals study guide| Complete Questions and Answers, 100% Correct| A+ Rated Solution guide| Latest 2024 RECA fundamentals study guide| Complete Questions and Answers, 100% Correct| A+ Rated Solution guide| Latest 2024 duty-based ethics Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics Sells the optimal result for the greatest number of people Advisory note Punishment for a technical breach Administrati...

Webce Test Questions Exam With 100% Correct Answers 2023 GRADED A which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a second mortgage on his house and uses the proceeds to gamble -wanting better job security, Ron cashes in his life insurance to start his own business - Correct Answer-kno...

Florida 6-20 All Lines Adjuster Test Rated A+ A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adju...

Florida 6-20 All Lines Adjuster Test Rated A+ A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adju...