A promissory note is Study guides, Class notes & Summaries

In Washington, a person liscensed to act on behalf of a real estate brokerage is called a/an: - Answer- affiliated licensee When a licensee is terminated, the date of termination is the: - Answer- postmark date or the date the license is hand-delivered to the DOL J is selling real estate without a license, J is guilty of a: - Answer- gross misdemeanor S's license is temporarily suspended by the Director for a violation of the license law. S is also fined $500. The money collected as a ...

BLAW 3310 - Exam 3 Review Test Bank, Complete solution guide: Latest Guide-1. Every year, creditors have to absorb in unpaid debt: a. about $100 million b. about $5 billion c. over $20 billion d. less than $5 million e. about $20 million ANSWER: c (page 331) National: AACSB Analytic; AICPA BB-Legal 2. Every year, creditors have to absorb in unpaid debt: a. about $10 million b. about $1 billion c. about $20 million d. about $50 million e. none of the other choices are correct AN...

Who works on behalf of landlords and property management companies to collect rent and provide customer service for renters and tenants? A leasing consultant An arbitrator A broker An escrow agent - Answer- A leasing consultant What are two types of breach of contract damages? Punitive damages and non-punitive damages Conveyance damages and actual damages Damages by design and fraud damages Loss of bargain damages and special damages - Answer- Loss of bargain damages and special damag...

Julie has received notice that the house she is renting was sold in foreclosure. She has a month-to-month lease, so how long does she have until her lease may be terminated? correct answers 90 days Amy acts like a salesperson and is supervised by a broker, but she holds her broker's license. What is her job title? correct answers Associate broker Which one of the following statements about investors and tax depreciation is true? correct answers Investors can depreciate an appreciating ass...

LML4805-Insurance Law EXAM PACK 2022. DEFINITIONS Distinguish (in a single sentence, where possible, and with theaid of examples, where necessary) between: QUESTION 1: The insured and the person concluding the insurance contractwith the insurer  the person taking out the insurance (ie, the person concluding the contract with the insurer) A may insure his or her own interest in his or her own house. A may insure his or her own interest in B’s house. A may insureB’s interest in hi...

Notes are said to be negotiable and non-negotiable. Which of the following best defines a negotiable note? CORRECT ANSWER If a note is secured by a mortgage the note is negotiable but the mortgage is non-negotiable. The maker signs a note and the payee endorses it. Buyer gives seller a purchase money second trust deed and note. Shortly afterward, buyer defaults in payments on the second trust deed. Seller can, in due course, bring court action and obtain against the buyer: CORRECT ANSWER none...

BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington. Chapter 12 Negotiable Instruments, Credit, and Bankruptcy 1. Every year, creditors have to absorb in unpaid debt: a. about $100 million b. about $5 billion c. over $20 billion d. less than $5 million e. about $20 million ANSWER: c (page 331) National: AACSB Analytic; AICPA BB-Legal 2. Every year, creditors have to absorb in unpaid debt: a. about $10 million b. about $1 billio...

Guarantee Correct Answer-A promise made by one party to share responsibility for the debts of another party Mortgage Correct Answer-An interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt Promissory note Correct Answer-A promise or an engagement in writing to pay a specified sum at a time therein stated or on demand or at sight to a person named therein Debtor Correct Answer-One who owes a debt Payee Correct Answer...

SOLUTION MANUAL FOR Business Mathematics In Canada 11th Edition By F. Ernest Jerome CHAPTER 1 Review and Applications of Basic Mathematics Appendix 1A: The Texas Instruments BA II PLUS CHAPTER 2 Review and Applications of Algebra CHAPTER 3 Percent and Percent Change CHAPTER 4 Ratios and Proportions CHAPTER 5 Mathematics of Merchandising 5.2 Supplement: Other Notations for Terms of Payment (on Connect) 5.3 Supplement: Diagram Model for Markup Problems (on Connect) CHAPTER 6 Applicatio...

LML4805 - Insurance Law EXAM PACK 2022. DEFINITIONS Distinguish (in a single sentence, where possible, and with theaid of examples, where necessary) between: QUESTION 1: The insured and the person concluding the insurance contractwith the insurer  the person taking out the insurance (ie, the person concluding the contract with the insurer) A may insure his or her own interest in his or her own house. A may insure his or her own interest in B’s house. A may insureB’s interest in ...