Warranty o - Study guides, Class notes & Summaries

AU 62 Chapter 3 Exam Questions and Answers All Correct While Wanda was mowing her lawn, the lawn mower made a popping noise and suddenly exploded. Engine parts flew through the air and struck Wanda's grandfather in the eye. As a result of losing his vision, Wanda's grandfather, Homer, sued the lawnmower manufacturer. Homer's best approach in the lawsuit is to assert - Answer Strict liability as a nonuser - Most courts also hold a bystander as able to assert a strict liability claim as a ...

nj real estate exam questions Question and answers 2023/2024 verified to passWhich of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings - correct answer C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building...

Consumer Protection Act, MGL 93A § Allow for private right of action o Law is designed to protect consumers from unfair and deceptive practice employed by some businesses o Empower consumer who feel like they have be unfairly deceived by a business with their ability to easily bring a claim against a business and receive compensation for any monetary loss they suffered o All a consumer has to do to bring a claim is send the business a letter, and give them 30 days to respond MG...

Azure Tide Real Estate school general questions with complete solutions/ correct answers COLD + AC - C = Care, skill and diligence - O = Obedience, - L = Loyalty, - D = Disclosure, - A = Accounting, - C = Confidentiality OR OLD CAR - O = Obedience, - L = Loyalty, - D = Disclosure, - C = Confidentiality - A = Accounting, -R = Reasonable care, skill and diligence WHICHEVER ONE YOU CAN REMEMBER EASIER! - Correct Answer Six duties of the broker as a fiduciary are...

"Blue sky" laws were established to protect small investors. - TRUE "D&O insurance" is a Direct Offering from the insurer to a second insurer. - FALSE "Ethics" now covers sourcing of products even several steps removed from the company's own production. - TRUE "Independent" labs such as UL, which are funded by industry, are suspect because of their funding. - FALSE "This is one of the finest vintages in the last 20 years!" - This statement creates an express warranty if it is s...

1. All of the following losses are general exclusions under a dwelling policy excepta. Neglectb. Debris removalc. Nuclear hazardd. Off premises power failure ~ debris removal (included) all of the following are subject to false advertising regulations except gift, illustrations, circulars, statements ~ gifts 1. Julie wants to submit a claim for all non economic expenses related to an auto accident caused by another driver. What tort option must she select when she purchases her pe...

AZ Real Estate Exam Study Guide With Accurate Solutions. Descent, law of - answerA system whereby title to property passes by operation of law to the heir of one who dies owning property without a will Adminstrator - answerCourt-appointed personal representatives of an estate for someone who dies intestate May be called adminstratrix if female Beneficiary deed - answerIn AZ, a deed that is used to transfer title of real property to a beneficiary upon the death of the property O to avoid ...

FAIR - Fair Access to Insurance Requirements Elements of a Legal Contract. L. O. A. C. - • Consideration • Legal Purpose • Offer • Acceptance • Competent Parties Consideration - Money and statements made on application Legal Purpose - Risk transfer doesn't violate the law Offer - Insured submits application and first month premium to insurer Insurer accepts or insurer declines the risk Counteroffer - Agrees to issue policy but with higher premium or restrictions/ exclusions ...

Which of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings - C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building only. B. the land only. C. both the land and the building. D. income obtained from the bui...

How often is continuing education required for Kentucky real estate salespersons? - Every year. An individual obtaining their first, original Kentucky license is exempt for the first two calendar years. When a licensee pays back the Recovery Fund: - He/she must pay back all the reimbursed funds plus 10% interest on the amount. Who appoints the members of the Kentucky real estate commission (KREC)? - The Governor Which of the following is a violation of Kentucky license law? A) a net listin...