Renunciation - Study guides, Class notes & Summaries

Colorado Real Estate – Contracts Exam Questions and Answers 100% Pass vicarious liability - Correct Answer ️️ -a principal's liability for an agent's acts performed within the scope of the agency; specifically excluded by Colorado statute from a principal's liability unless the act or omission was approved, directed or ratified. (The employing broker is responsible to licensees actions) Sam is an associate broker who wishes to purchase investment property. What must Sam do when the ...

BUL 3310 EXAM 2 QUESTIONS WITH ALL CORRECT ANSWERS A legal waiver and a legal renunciation - Answer-A legal benefit and a legal detriment Legal detriments always entail economic losses T/F - Answer-False Which of the following statements about nominal consideration is correct? a. Giving your siblings a quitclaim deed for your 1/8 share in your family home for $1 is an example of nominal consideration. b. Nominal consideration will support an enforceable contract. c. Nominal conside...

An agency relationship may be involuntarily terminated by which of the following? - By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes - A subagent An agency relationship may be involuntarily terminated by which of the following? - Condemnation of the property Sally is a subagent working for Seller Pat. What does Sally owe to Bu...

Conditions of terminating a contract - ANSWER REEP SAD -Revocation (client) or Renunciation (agent) -Expiration -Extinction -Performance (BEST WAY TO TERMINATE CONTRACT!!) -Supervening Illegality (eminent domain) -Agreement -Death Bundle of Legal rights - ANSWER Ownership rights to real property DEEP-C disposition enjoyment exclusion Possession control Economic Characteristics of Real Estate - ANSWER SLIP: Scarcity, Location (area preference), Improvements, Pe...

NCCP Exam-Real Estate Law Questions & Answers 2024/25 NCGS § 10B Notaries - ANSWERS NCGS § 31A Acts Barring Property Rights - ANSWERSRights of spouse (absolute divorce or divorce from bed and board, spouse who voluntarily separates and lives in adultery, spouse who abandons with no cause, etc.) NCGS § 31B Renunciation of Property and Renunciation of Fiduciary Powers Act - ANSWERSA person who succeeds to a property interest as: (1) Heir; (2) Next of kin; (3) Devisee; (4) Repeale...

NCCP Exam-Real Estate Law Questions & Answers 2024 NCGS § 10B Notaries - ANSWER- NCGS § 31A Acts Barring Property Rights - ANSWER-Rights of spouse (absolute divorce or divorce from bed and board, spouse who voluntarily separates and lives in adultery, spouse who abandons with no cause, etc.) NCGS § 31B Renunciation of Property and Renunciation of Fiduciary Powers Act - ANSWER-A person who succeeds to a property interest as: (1) Heir; (2) Next of kin; (3) Devisee; (4) Repealed b...

When the agency relationship has been terminated, the licensee is no longer considered the principal's agent but still owes which of the following duties to the principal? - ️️Accounting Which of the following may not involuntarily terminate an agency relationship? - ️️Expiration of the agreement term When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes - ️️A subagent An agency relationship ...

BUL 3310 TEST QUESTIONS WITH CERTIFIED ANSWERS Grace has a valid contract with Al to buy a desk owned by James Madison. Al now refuses to go through with the sale. Because the item is unique, Grace can seek a decree of specific performance to enforce the contract T/F - Answer-True Courts generally cannot order specific performance when the contract is for personal services because of the Thirteenth Amendment T/F - Answer-True Rescission is the remedy that cancels the contract and retur...

Church of God Ordained Bishop - Complete Test Latest Edition Already Passed Holiness of life begins with salvation from sin and the ____ of God's grace. redemptive power The ____ formed a pattern of salvation by which God's future deeds of redemption could be understood. Exodus The ____ of the Israelites in Babylon was a disastrous return to bondage. captivity The salvation that came through Jesus Christ further revealed God's ____ and ____. righteousness; faithfulness T...

GA MLS midterm review Questions and Answers 100% Solved Conditions of terminating a contract REEP SAD -Revocation (client) or Renunciation (agent) -Expiration -Extinction -Performance (BEST WAY TO TERMINATE CONTRACT!!) -Supervening Illegality (eminent domain) -Agreement -Death Bundle of Legal rights Ownership rights to real property DEEP-C disposition enjoyment exclusion Possession control Economic Characteristics of Real Estate SLIP: