Business associations Study guides, Class notes & Summaries

Business Associations Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

M100 Community Association Management Exam (Latest 2023/ 2024) Questions and Verified Answers with Rationales| A+ Grade QUESTION True or false. The role of the professional community association manager is to make all decisions for the association and to delegate information-gath- ering and fact-finding support to the board of directors. Answer: False The professional community association manager is charged with assisting the board of directors' decision making process by me...

Business Associations (California Bar Exam) questions and answers 2024

Real Estate Marketing: Commercial Real Estate (SAE), Champions Commercial Real Estate- SAE 100% Correct General Lien (also Statatory) attaches to all the property of the debtor, not exempt from forced sale (Example: a judgment or IRS lien) Diplomacy the ability to handle clients and situations in a sensitive and effective way - is critical in commercial real estate, and a lack of it can expose you immediately as a beginner. DTPA The Deceptive Trade Practices Act (DTPA) is a Texas law that...

M100 Community Association Management Exam Questions with correct Answers Graded A+ 2024 Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the board of directors. d. Certain do...

RMIN 4000 Test 2 Daniel Brown (2024/2025) 100% Solved Stock Insurer Corporation owned by Stockholders (earn profit for stockholders by increasing the value of the stock and paying dividends). Mutual Insurer Corporation owned by Policyholders (profits are distributed to policyholders by dividends or rate reductions). Advance Premium Mutual Assessment Mutual Fraternal Insurer Lloyd's of London Specialized lines of business. Brokers represent policyholders to arrange coverage wit...

How is a corporation formed? - Answer A document, referred to as the "articles of incorporation" or "charter," must be filed with the state. Business-judgment rule - Answer In the absence of fraud, illegality, or self-dealing, courts will not disturb the good-faith judgment of the directors or officers of a corporation. Promoter liability pre-incorporation - Answer Promoter is personally liable for knowingly acting on behalf of corp before incorporation, and remains liable after ...

CA Bar Exam BUSINESS ASSOCIATIONS questions and answers

A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase True The Florida Fair Housing Act prohibits discrimination on the basis of handicap True A valid Declaration of Condominium must contain easements for ingress and egress to all unit...

4G (fourth generation) - Wireless phone network capable of delivering high-speed broadband Internet access to mobile devices. 4G mobile hotspot - A device that connects a wireless local area network to a wireless phone network at broadband speeds. absolute URL - A URL that gives the full path to a resource. ActiveX - An open set of technologies for integrating components on the Internet and within Microsoft applications. Advanced Research Projects Agency (ARPA) - A U.S. Department of D...