Assignee - Study guides, Class notes & Summaries

Module 4: Hawaii Pre-Licensing Real Estate Exam Already Passed Which of the following best represents rescission of a contract? A) Option to purchase can be transferred by a lessee to a lessor B) Lease was terminated with the mutual agreement of both parties C) One of the parties can change the contract at a later date D) Offer to buy B) Lease was terminated with the mutual agreement of both parties An offer, where no earnest money or deposit is given with the contract, is valid. A) True B...

Module 4: Hawaii Pre-Licensing Real Estate Exam Questions and Answers 100% Pass Which of the following best represents rescission of a contract? A) Option to purchase can be transferred by a lessee to a lessor B) Lease was terminated with the mutual agreement of both parties C) One of the parties can change the contract at a later date D) Offer to buy - Correct Answer ️️ -B) Lease was terminated with the mutual agreement of both parties An offer, where no earnest money or deposit is ...

Absolute assignment - ANSWER Policy assignment under which the assignee (person to whom the policy is assigned) receives full control over the policy and also full rights to its benefits. Generally, when a policy is assigned to secure a debt, the owner retains all rights in the policy in excess of the debt, even though the assignment is absolute in form. (See assignment) Accelerated benefits rider - ANSWER A life insurance rider that allows for the early payment of some portion of the pol...

Module 4: Hawaii Pre-Licensing Real Estate Exam Questions and Answers 100% Pass Which of the following best represents rescission of a contract? A) Option to purchase can be transferred by a lessee to a lessor B) Lease was terminated with the mutual agreement of both parties C) One of the parties can change the contract at a later date D) Offer to buy - Correct Answer ️️ -B) Lease was terminated with the mutual agreement of both parties An offer, where no earnest money or deposit is ...

AZ Insurance Exam #1333 (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: a terminally ill policy owner decides to sell his life insurance policy at a discount to help support his family. this sale is called a(n) Answer: viatical settlement Q: the administrator for a corporate pension plan bought an accumulation annuity contract for its 2,000 employees. all 2,000 employees received certifi- cates of participation. what kind of contract is this? A...

ohn assigned his right to receive a deed from Trudy to Hannah. Contracts assigning deeds are unenforceable. John is relieved from making payment to Trudy. Hannah will be entitled to the deed. John is an assignee. - Hannah will be entitled to the deed. Harry offers in writing to sell Lynn Blackacre. Lynn accepts, thinking that the offer refers to Greenacre. In fact, Harry made the offer thinking that it referred to Greenacre. Either party may rescind the contract because Lynn's accepta...

Oregon Real Estate Exam Review questions and answers, 100% Accurate, rated A+/ The act of entering upon another person's real estate without authority or permission of the owner is called an encroachment. a trespass. an easement. a license. - -a trespass Which of the following best describes the physical boundaries of Land? a. The Surface of the earth and infinite space above the surface b. the center of the earth and infinite space above it c. The surface of the earth and mineral...

The five essential elements that must exist for a real estate sales contract to be considered valid and enforceable are: legal purpose, competent parties, mutual assent, consideration and ____________. (a) Signature of witnesses (b) In writing (c) Acknowledgment by a notary (d) Recording in county clerk's office - ANSWER-(b) In writing If a contract has been entered into with a person who has been judged to be incompetent, that contract is considered ____________ because that person ne...

Freedom of Association Right for workers to unite to promote desired employment conditions as a group 4 Layers of Diversity 1. Personality 2. Internal Dimensions 3. External Dimensions 4. Organizational Dimensions Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen Summary Offense Gross misconduct in which no prior warnings are required for termination so long as a proper investigation and hearing was ...

Absolute Assignment Policy assignment when assignee receives full control over the policy and full rights to its benefits. Accelerated benefits rider Life insurance rider that allow for early payment of some portion of policy's face amount, should the insured suffer from terminal illness/injury. adhesion Contract must be accepted by the insured exactly as it is written by the insurer. Terms of contract cannot be negotiated. Contract is offered on a take it or leave it basis. admitt...