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30 HOUR PA FUNDAMENTALS TEST BANK EXAM ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS)/ALREADY GRADED A+$15.99
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10/4/24, 12:24 PM 30 HOUR PA FUNDAMENTALS TEST BANK EXAM 2024-2025 ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIE…
30 HOUR PA FUNDAMENTALS TEST BANK
EXAM 2024-2025 ACCURATE EXAM
QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT
ANSWERS)/ALREADY GRADED A+ ALL PASSED!!
Terms in this set (60)
The process by which a a novation
new contract is
substituted in place of an
existing contract with the
intent to discharge the
original agreement is
known as what?
- a binder
- an assignment
- a rescission
- a novation
when parties to a rescission
contract mutually agree
to terminate the contract
and return the parties to
their original positions
before the contract was
entered into, the contract
is terminated by what?
- cancellation
- rescission
- revocation
- novation
,10/4/24, 12:24 PM 30 HOUR PA FUNDAMENTALS TEST BANK EXAM 2024-2025 ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIE…
a mortgage lien is a specific lien
considered as what?
- a general lien
- an equitable lien
- a specific lien
- an involuntary lien
Which federal Superfund amendments and reauthorization act
environmental protection (SARA)
law created the innocent
landowner immunity
status by which a person
or business could be
exempt from liability for
cost of remediation of
environmental hazards?
- clean water and clean
air act
- uniform environmental
covenants act (UECA)
- superfund amendments
and reauthorization act
(SARA)
- comprehensive
environmental response,
compensation and
liability act (CERCLA)
which is characteristic of Point of beginning
a metes-and-bounds
legal description?
- lots and blocks map
- townships
- principal meridians
- point of beginning
, 10/4/24, 12:24 PM 30 HOUR PA FUNDAMENTALS TEST BANK EXAM 2024-2025 ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIE…
a buyer tenders an offer The buyer can revoke the offer at any time prior to
to purchase to a seller the acceptance by the seller
with language included
stating that the buyer will
hold the offer open for
48 hours. The seller has
had the offer for 24 hours
but taken no action
regarding it. The buyer,
knowing the offer has not
been accepted, notifies
the seller that he is
revoking the offer. Which
of the following
statements is true?
- The buyer is bound to
the offer for 48 hours and
cannot revoke it during
that time
- the buyer will forfeit any
earnest money that
accompanied the offer,
with the seller entitled to
the money as liquidated
damages
- The buyer can revoke
the offer at any time prior
to the acceptance by the
seller
- If the buyer revokes the
offer the seller can sue
the buyer for breach of
contract
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