Rescission - Study guides, Class notes & Summaries
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Business Law- Baylor Agee- Exam 1; A+ GRADED
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Substantive Law correct answers Creates, defines, and regulates legal rights and duties 
 
Procedural Law correct answers States the rules for enforcing rights that exist because of substantive law 
 
Public law correct answers The branch of substantive law that deals with the government's rights and powers and its relationship to individuals or groups. It consists of constitutional, administrative, and criminal law. 
 
Private law correct answers The part of substantive law governing individua...
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Accident and Health Insurance Final Exam questions 100% correct answers
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Your license will be considered to be inactive when you: - correct answer No longer have any appointments 
 
On a "participating" health insurance policy issued by a mutual insurance company, dividends paid to policy holders are: - correct answer Not taxable since the IRS treats them as a refund of a portion of the premium paid 
 
All of the following are true regarding a non-contributory employer group medical expense insurance policy EXCEPT: - correct answer Premiums must be paid entirely...
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Florida Cam Exam 2024 Questions and Answers 100% Correct
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Florida Cam Exam 2024 Questions and Answers 100% CorrectFlorida Cam Exam 2024 Questions and Answers 100% CorrectFlorida Cam Exam 2024 Questions and Answers 100% CorrectFlorida Cam Exam 2024 Questions and Answers 100% Correct 
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 - ANSWER-True 
 
Purchasers of a timeshare plan have a ten day contract rescission period...
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Real Estate Dynamics CH 8 Quizzes – CONTRACTS Questions With Complete Solutions
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D Correct Answer-If a purchaser breaches a valid and enforceable sales contract, the seller may at his/her option: * 
A. declare the contract forfeited and retain as liquidated damages any payments received from the buyer. 
B. rescind the contract and return any payments received from the buyer. 
C. sue for specific performance. 
D. Any of the other answers are correct. 
 
A Correct Answer-All of the following are examples of how a contract may be discharged EXCEPT: * 
A. assignment by the purch...
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NMLS SAFE EXAM QUESTIONS AND ANSWERS ALREADY PASSED
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NMLS SAFE EXAM QUESTIONS AND 
ANSWERS ALREADY PASSED 
 
Where credit institutions originate loans Primary Mortgage Market 
 
When an ARM has rate caps of 5/2/6, the 6 refers to what? 
A. The maximum rate increase at the initial adjustment 
B. The start rate for the loan 
C. The maximum the rate can increase over the life of the loan 
 
D. The rate maximum the rate can decrease over the life of the loan C. The maximum the 
rate can increase over the life of the loan 
 
When utilizing a temporary ...
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Florida Cam Exam 2024 with 100% correct answers
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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 administrationAnswer - True 
 
Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchaseAnswer - True 
 
The Florida Fair Housing Act prohibits discrimination on the basis of handicapAnswer - True 
 
A valid Declaration of Condominium must contain easements for ingress and egress...
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NMLS Safe Test Mortgage Licensing Practice Exam | 100% Correct Answers | Verified | Latest 2024 Version
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Which federal law requires that the Loan Estimate be provided to the borrower within three business 
days of the time of loan application is taken? - TILA 
What type of scam entails homeowners who are encouraged to refinance their property over and over 
until little or no equity remains? - Loan flipping or churning 
After a loan closing, funds are disbursed. When are the funds disbursed for an owner-occupied, 
residential refinance? - After 3 business-day rescission period 
What is the adjustab...
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NMLS MLO TEST| 362 questions| with complete solutions
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Which law ensures lenders use an annual percentage rate (APR) so that the borrowers have the information they need to make informed comparisons? Correct Answer: Regulation Z 
 
Which law ensures that some borrowers have the right of rescission for three business days after a loan contract is signed? Correct Answer: Regulation Z 
 
While it is unlawful to consider race when underwriting a loan, what federal legislation requires that this information be included on the loan application? Correct ...
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Florida CAM Exam | 100% Correct Answers | Verified | Latest 2024 Version
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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 units and the 
co...
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LEB 320F FINAL EXAM QUESTIONS AND ANSWERS GRADED A+
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LEB 320F FINAL EXAM QUESTIONS 
AND ANSWERS GRADED A+ 
 
What is the difference between "executed" and "executory" contracts? 
 An executed contract is one where all parties have fulfilled their obligations, while an 
executory contract has ongoing obligations that have not yet been completed. 
 
How does "statute of frauds" affect contract enforcement? 
 
 The statute of frauds requires certain types of contracts to be in writing to be enforceable, 
such as contracts for real estate transa...
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