Principle of survivorship - Study guides, Class notes & Summaries

Population - Answer - a group of individuals from the same species that occupy an area of space at the same time - can produce viable offspring - uses the same resources and are affected by similar factors Ecology - Answer - the study of how organisms interact with their environment What is population ecology? - Answer - measures changes in population size, pop composition - identifies factors that cause changes in population - studies how and why a population changes over tiime -IMP ...

Principle meridian - Answer-The north-south lines separating townships 5 ways to acquire property - Answer-Occupancy Accession Transfer Will Succession Escrow agent - Answer-any person engaged in the business of receiving escrows for deposit or delivery Metes and bounds - Answer-A method of land description which involves identifying distances and directions and makes use of both the physical boundaries and measurements of the land. Occupancy - Answer-Openly and hostile for more than 5 ...

If an older building cannot be air-conditioned, it is an example of ___________ ? A. Economic obsolescence. B. Functional obsolescence. C. Physical deterioration. D. External deterioration - B. Functional obsolescence. An appraiser MUST be licensed or certified to handle Federally related work on residential property valued at more than ___________? A. $100,000. B. $250,000. C. $500,000. D. $1,000,000. - B. $250,000. The main difference between tenancy in common and joint tenancy is t...

Types of Licenses - ANSWER--Producers -Business entity producers -Nonresident producers -Temporary -Special Brokers -Advisers -Public insurance adjusters -Reinsurance Adjusters -Life settlement broker portable electronics insurance limited lines insurance Producers - ANSWER-is a general term applied to anyone who engages in the sale of insurance products. Producers must be licensed by the state in which they wish to sell insurance. Business entity producer - ANSWER-A requirement f...

Primerica-Life Insurance Exam 2024 Stranger-oriented life insurance policies are in direct opposition to the principle of a. law of large numbers b. good faith c. indemnity d. insurable interest - Answer ️️ -d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it violates the principle of insurable interest Which is generally true regarding insureds who have earned preferred status? a. they keep a higher percentage of ...

Severalty - Answer The property has only one owner, whether that is a person, corporation, or other legal entity. ("Severed" from all other owners) Undivided interest - Answer A type of interest that gives each co-owner the right of possession of the whole property, not simply a portion of it Right of Survivorship - Answer The statutory principle of survivorship tenancy, which means that when one co-owner dies, their ownership interest reverts to the surviving co-owner(s) Without ...

If an older building cannot be air-conditioned, it is an example of ___________ ? A. Economic obsolescence. B. Functional obsolescence. C. Physical deterioration. D. External deterioration - Answer-B. Functional obsolescence. An appraiser MUST be licensed or certified to handle Federally related work on residential property valued at more than ___________? A. $100,000. B. $250,000. C. $500,000. D. $1,000,000. - Answer-B. $250,000. The main difference between tenancy in common and join...

McMaster Bio 1M03 Exam with Complete Solution Population - - a group of individuals from the same species that occupy an area of space at the same time - can produce viable offspring - uses the same resources and are affected by similar factors Ecology - - the study of how organisms interact with their environment What is population ecology? - - measures changes in population size, pop composition - identifies factors that cause changes in population - studies how and why a populat...

PSI Maryland Practice Exam Questions & Answers 2023/2024 If an older building cannot be air-conditioned, it is an example of ___________ ? A. Economic obsolescence. B. Functional obsolescence. C. Physical deterioration. D. External deterioration - ANSWER-B. Functional obsolescence. An appraiser MUST be licensed or certified to handle Federally related work on residential property valued at more than ___________? A. $100,000. B. $250,000. C. $500,000. D. $1,000,000. - ANSWER-B...

REAL 4000 Exam 2 LCPQ Questions and Answers | Latest Version | 2024/2025 | 100% Pass What is adverse possession in real estate law? Adverse possession is a legal principle allowing someone to claim ownership of land after occupying it openly and continuously for a certain period without the owner’s permission. What is a promissory note? A promissory note is a written agreement in which a borrower promises to repay a loan under specified terms. What is joint tenancy? Joint ...