Contract Study guides, Class notes & Summaries

The Seller Financing Addendum allows the seller to become the: - Answer lender A seller's homeowner's insurance policy is cancelled at the time of closing. They will receive WHAT after closing for the part of their premium that was paid in advance? - Answer a refund check In Texas, the statute of limitations for specific performance of a contract for the conveyance of real property is: - Answer four years In regard to contracts, which of the following BEST describes a perform...

Real Estate Law of Contracts

CA Contractors license test questions Business and Law

Promulgated Contract Forms final exam Questions with correct answers

Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease What is not an adequate method of transferring property? - ANSWER-Executive Sale What is considered personal property? - ANSWER-Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...

Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) - ANSWERSF Stocks and bonds are two types of financial instruments (T/F) - ANSWERSTrue The matching principle in accrual accounting requires that: a. Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. b. Expenses are matched to the year in which they are incurred c. Revenues are matched to the year in which they are booked d. Revenues should be large...

CONTRACT LAW REVISION NOTES GDL (University of Law) Flowcharts Formation of Contracts Breach of Contract – Express Terms Breach of Contract – Implied Terms Exemption Clauses Doctrine of Frustration False Preliminary Statements Undue Influence Economic Duress Key Authorities Formation of Contracts Breach of Contract Remedies for Breach Discharge of Contract Preliminary Statements Consent to Contract Agency Negotiations and Tenders All notes correct and Distinction worthy a...

Sales person - Answer-A salesperson shall not represent more than two contractors at one time. Advertising - Answer-General statements such as factory to you, save middleman's profit Direct to you, buy from manufacturer may not be used in advertisement. unless the advertiser is the manufacturer of the product. Warranties / Guarantees - Answer-this term must be clearly and conspicuously disclosed. The terms should be whether labour and material only, repair, replacement or full refund are o...

California State Contractors License Law and Business Test Study Guide Answers 2024

CA Contractor's Law and Business Test 4 question answered update