Accord and satisfaction Study guides, Class notes & Summaries

AAMI Business Law Review Questions 2024. Acceptance - correct answer An agreement to an offer resulting in a contract. Accord and satisfaction - correct answer An agreement made and executed in satisfaction of the rights one has from a previous contract. Agent - correct answer The party appointed by the principal to enter into a contract with a third party on behalf of the principal. Agency - correct answer The relationship that exists between a person identified as a principal and ano...

REAL ESTATE BROKERS CERTIFICATION EXAM (2023) || Complete Questions & Answers (Rated A+) REAL ESTATE BROKERS CERTIFICATION EXAM (2023) || Complete Questions & Answers (Rated A+) REAL ESTATE BROKERS CERTIFICATION EXAM (2023) || Complete Questions & Answers (Rated A+) ABATEMENT - ANSWER - A legal action to stop a nuisance. Also can be a reduction of a property tax assessment. ABSTRACT - ANSWER - A history of every recorded document dealing with a property. ABSTRACTIVE METHOD - ANSWER - A m...

AAMI Business Law Questions And Answers 2024. Acceptance - correct answer An agreement to an offer resulting in a contract. Accord and satisfaction - correct answer An agreement made and executed in satisfaction of the rights one has from a previous contract. Agent - correct answer The party appointed by the principal to enter into a contract with a third party on behalf of the principal. Agency - correct answer The relationship that exists between a person identified as a principal an...

AAMI Business LawAcceptance - correct answer An agreement to an offer resulting in a contract. Accord and satisfaction - correct answer An agreement made and executed in satisfaction of the rights one has from a previous contract. Agent - correct answer The party appointed by the principal to enter into a contract with a third party on behalf of the principal. Agency - correct answer The relationship that exists between a person identified as a principal and another by virtue of which t...

Oklahoma Real Estate Latest Version Rated A+ Abrogate To abolish in a public manner or end something when formal steps are needed Abstract of Title A summary or copy of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record which may impair title. Abutting The joining, reaching or touching of adjoining land, Abutting parcels of land have a common boundary. acc...

Paralegal Core Competency Exam Question and answers 2023/2024 verified to passAbatement - correct answer Process of selling estate property to pay debts. Abatement of Rent - correct answer A deduction from the rent owed for the diminishment in value of the premises caused by the lack of maintenance. Abstract of Title - correct answer Chronological summary of all official records and recorded documents affecting the title to a parcel of land. Accord and Satisfaction - correct answer The ...

California Real Estate - State Test Prep Questions and Answers 100% Pass If property is sold while in probate - Correct Answer ️️ -Commission is only controlled by law under two situations. One being the Real Property Loan Law and... Real Property Loan Law - Correct Answer ️️ -Commission is only controlled by law under two situations. One being If property is sold while in probate and... agent of the broker - Correct Answer ️️ -The Broker is the Agent of the seller. The salesp...

Final Exam (BCOR 2301) 2023 Questions and Answers Consideration The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value Something of value in the eyes of the law; may be: - Promise [to do something] e.g. pay supplier upon receiving goods - Performance [of an action otherwise not obligated to] e.g. prov...

Business Law FBLA questions with answers graded A+Acceptance - correct answer The second party's unqualified willingness to go along with the first party's proposal Accord and Satisfaction - correct answer A legal way to settle contractual disputes by which one party agrees to accept less than the amount due as full payment Actual Authority - correct answer The real power a principal gives to an agent Actual Notice - correct answer A formal notice given directly to a party, usually us...