When can you rescind a co - Study guides, Class notes & Summaries

APPRAISAL EXAM 1 Basic Principles Q&A Correctly Solved 100% When are appraisers needed? *** to set asking/offering prices, settle estates, refinance, divorce, taxes, rental rates, valuation, condemnation & foreclosure Appraiser *** One who is expected to perform valuation services competently & in a manner that is independent, impartial & objective. Attributes of an Appraiser *** competent, independent, impartial, objective, prompt, organized, educated, honest & diligent Appraiser...

RESPA - ANSWER-Real Estate Settlement Procedures Act; Allows borrowers to receive pertinent and timely disclosure regarding the nature and costs of the real estate settlement (closing) process; Enacted in 1974, the law was originally proposed to add more transparency to costs associated with certain real estate transactions and to eliminate abusive practices, such as kickbacks, which artificially increase the cost of settlement services. When RESPA must be obeyed - ANSWER-When a loan is a fed...

PMHN Practice 150 Questions with Verified Answers A rape victim with multiple injuries has been brought to the emergency department for evaluation and treatment. The first thing that the psychiatric and mental health nurse should communicate is: A. I'm so sorry this happened to you B. You are safe here. No one can hurt you C. This was not your fault D. I'm thankful you survived this attack - CORRECT ANSWER Answer: B. You are safe here. No one can hurt you. Rationale: Patients who ...

New York Accident & Health Insurance, Questions and answers. 100% verified. Rated A Document Content and Description Below New York Accident & Health Insurance, Questions and answers. 100% verified. Rated A Agent Licesne - Noone can sell insurance without license but you dont need to pass test if you are employ ees of licesed insurance agent wh do nt solicit, licensed attorneys, actuaries or cpas who provid ino, regular salaried implyees who devote little tie, an agent oof a graternal benefit ...

Within how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ - Answer 15 days An example of involuntary alienation is where title to real estate passes by: - Answer Sheriff's deed What event will create an involuntary life estate? - Answer Dower interest becoming cohate A valid warranty deed must contain all of the following elements, except: - Answer Signed by grantee The clause in a deed which sets forth or limits the extent of the...

Reggie went to the Napa Valley Harvest Festival, when he stopped at Tracy's booth where she was selling paintings of vineyards. Reggie admired a painting of vineyards, which did not appear to be for sale. Reggie said to Tracy, "I will give you $200 if you give me that painting right now." Tracy said nothing in response, but she gave Reggie the painting, and Reggie gave her $200 in cash. This is an example of a contract that is now: unilateral and executed Sarah is 16 years old. She le...

BSA 5203 Sales Pledge Corporation SALES 1. A contract of sale is not a: a. principal contract b. nominate contract c. consensual contract d. real contract 2. When the goods are delivered to the buyer, the owners thereof passes to the buyer in: a. sale of approval b. sale of return c. sale on trial d. contract to sell 3. A contract whereby one of the contracting parties obligates himself to transfer the ownership of and to deliver determinate thing and other to pay thereof a price ce...

NATIONAL TEST 6: Economics; Appraisal - ANS- 6.1 If the price of an item is increasing, one can usually assume that a. demand for the item is decreasing in relation to supply of the item. b. demand for the item is increasing in relation to supply of the item. c. supply of the item is increasing. d. demand for the item and supply of the item are increasing. - ANS- 6.1 (b) demand for the item is increasing in relation to supply of the item. In a market economy, the p...

Obligation 1. Unless the law or the stipulation of the parties required another standard of care, the obligation to give a thing carries with it the obligation to take care of it with: a. Extra ordinary diligence b. Ordinary diligence c. Diligence of a good father of a family d. Answer not given RPCPA 0591 2. The buyer of a thing has the right to the fruits of the thing: a. From the time the thing bought is delivered. b. From the time the sale is perfected. c. From the time the obligation to del...

1 PRTC OBLIGATION 1. A mango tree in the land of O is reclining towards the road. All of a sudden, without a storm or an earthquake or even strong wind, the tree falls hitting a car belonging to X causing a P20, 000 damage. The liability of O to X arises from: a. a. Law b. Contract c. Quasi –contract d. Delict e. Quasi – delict 2. The obligation of the employer to pay death benefits and funeral expenses for his employer’s death while in the course of employment as sanctioned by the Workmen...