Fiduciary r and customers - Study guides, Class notes & Summaries

Topic 5 Overview 1. Introduction 2. Typical Scenarios 3. Policy Concerns 4. The Modern Law 4.1 Two Party Cases –Direct Dealings (i). Origins of Liability in England- Hedley Byrne (ii). Australia- ‘The Barwick Test’ – MLA v Evatt and Tepko (iii) Unrequested Statements to the ‘World at Large’ – San Sebastian 4.2 Three Party Cases – Indirect Relationships (i) Example 1- Negligent Audit Reports (ii) Example 2- Negligent Solicitors and Disappointed Beneficiaries 5. Alterna...

property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements - Answer- b) improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a) riparian b) littoral c) appropriative d) appropriation - Answer- a) riparian A commercial tenant ...

Broker - A person who performs real estate activities for a real estate consumer. In CT only a broker can enter into an agency relationship with a client. Agency runs from broker to client. All salespersons working for the broker are automatically agents of the brokers clients and owe clients fiduciary duties. Fiduciary responsibility - Care, Obedience, Loyalty, disclosure, accounting and confidentiality (COLDAC) Fiduciary r and customers - Fidicuary duties are not owed to a customer. You ...

Florida Claims Adjuster Exam Review (6-20 All Lines Adjuster) 2023 EXAM QUESTIONS AND ANSWERS LATEST UPDATE Peril (Ans- Something that causes a loss. Hazard (Ans- Something that increases the probability that a loss will occur. Warranty (Ans- A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation (Ans- An untrue statement by the insured, made in an application for insurance but which d...

A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a. encroachments b. improvements c. surface rights d. emblements - ANSWER-b A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a. riparian b. littoral c. appropriative d. appropriation - ANSWER-a A commercial tenant is aware that his le...

TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae... The _____ is required to ascertain that Brokers are aware of all of their responsibilities. - Texas Real Estate Commission The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate br...

Champions Real Estate Exam: Law of Agency Exam review guide_2022/2023. This person hires an agent The agent works on behalf of this person - This type of agency allows for the greatest range of authority - This is provided to the agent when there is written documentation that the agency relationship exists. - This is the most limited of all the agency relationships - This type of agency is created when a 3rd party believes that an agent has authority that has NOT been granted...

Accounting for Governmental and Nonprofit Entities, 18e (Reck) Chapter 9 Financial Reporting of State and Local Governments 1) In accordance with GASB standards, both a general purpose government and a special purpose government can be considered primary governments if certain criteria are met. 2) State and local governments should prepare only those financial reports required by law—generally year-end financial statements. 3) A financial reporting entity is defined as a primary go...

- answer- What is the historical evolution of disclosure? Why is that relevant today? - answer-x How and why has sustainability accounting and disclosure evolved to supplement financial A&D? - answer- Characteristics of SASB D&A - answer-D&A metrics contextualize understanding of a firm's operations and strategic initiatives What is SICS? - answer-Sustainable Industry Classification System create and outline SASB Sectors and Industries Classification system to meet the needs of u...

Fraud Examination Midterm Study Guide Questions and Complete Solutions Which of the following best describes the objective of a fraud examination? - Ans: To determine whether a crime has been committed, and if so, who is responsible Once sufficient predication has been established, what is the first step a fraud examiner following the fraud theory approach should take? - Ans: Analyze data In a fraud examination, evidence is usually gathered in a manner that moves from general to specif...