When can you rescind a co - Study guides, Class notes & Summaries
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MIE 305 Final Exam Questions And Answers
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MIE 305 Final Exam 
 
 
 
 
 
When choosing an organizational form, entrepreneurs should consider: - ANS Ease of creation 
Owners' liability--maximize gain, limit risk of loss 
Tax considerations--pass through or entity tax? 
Ability to raise capital--Private funding or shares? 
 
Basic forms of Business Organization - ANS Sole proprietorships--> one person owns it 
Partnerships--> Multiple people own it 
Corporations--> Ownership to shareholders 
Franchises--> opera...
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MIE 305 Final Exam Questions And Answers
- Exam (elaborations) • 12 pages • 2024
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MIE 305 Final Exam 
 
 
 
 
 
When choosing an organizational form, entrepreneurs should consider: - ANS Ease of creation 
Owners' liability--maximize gain, limit risk of loss 
Tax considerations--pass through or entity tax? 
Ability to raise capital--Private funding or shares? 
 
Basic forms of Business Organization - ANS Sole proprietorships--> one person owns it 
Partnerships--> Multiple people own it 
Corporations--> Ownership to shareholders 
Franchises--> opera...
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LML4807 EXAM PACK ANSWERS (2019 - 2014) AND 2020 BRIEF NOTES LML4807 BANKING LAW AND USAGE PAST EXAM PACK QUESTIONS AND ANSWERS (2019 – 2014) SUMMARISED NOTES 	2020	
- Exam (elaborations) • 174 pages • 2024
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LML4807 EXAM PACK ANSWERS () AND 2020 BRIEF NOTES 
 
 
 
LML4807 BANKING LAW AND USAGE 
PAST EXAM PACK QUESTIONS AND ANSWERS 
(2019 – 2014) SUMMARISED NOTES 
 	2020	 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LML 4807 BANKING LAW EXAM MEMO 
 
 
1. Name and explain the roles of the various parties involved in documentary letters of credit. 
 
Depending on the circumstances a large number of different parties may be involved in a letter of credit. These include: 
 
-The applicant 
This is usual...
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NMLS License TEST Questions and Answers Rated A. Graded A+
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NMLS License TEST Questions and Answers Rated A. Graded A+ 
Document Content and Description Below 
NMLS License TEST Questions and Answers Rated A The practice of getting people to sell their homes at bargain prices by suggesting that certain ethnic groups are going to move into the area is nick named: 1. Price fixing 2. Redlining 3. Steering 4. Blockbusting 4. Blockbusting You and the borrower believe an Adjustable Rate Mortgage would be best for the borrower. What is the name of the booklet y...
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997 NMLS Questions with Answers, 100% Accurate, Graded A+
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997 NMLS Questions with Answers, 100% Accurate, Graded A+ 
Document Content and Description Below 
997 NMLS Questions with Answers The practice of getting people to sell their homes at bargain prices by suggesting that certain ethnic groups are going to move into the area is nicknamed: -Price f ixing -Redlining -Steering -Blockbusting>>>> Blockbusting You and the borrower believe an Adjustable Rate Mortgage would be best for the borrower. What is the name of the booklet you are requi...
And that's how you make extra money
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Test 3- NJ REAL ESTATE Exam Questions with Verified Answers Rated A+
- Exam (elaborations) • 33 pages • 2023
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Test 3- NJ REAL ESTATE Exam Questions with Verified Answers Rated A+ 
 
Which of the following is a permitted free offering? o- 
A. A complimentary home warranty with every listing 
B. A coupon for a discounted commission on listing services 
C. A free dinner for attendees at a homebuyers' evening seminar 
D. Free use of a local moving van for all listings *ANS* C. A Free dinner for attendees at a homebuyers' evening seminar 
 
Depreciation usually applies to . 
A. the building only. 
B. the l...
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NMLS SAFE Exam 2022/2023 QA
- Exam (elaborations) • 39 pages • 2022
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RESPA - ANSWER-Real Estate Settlement Procedures Act; Allows borrowers to receive pertinent and timely disclosure regarding the nature and costs of the real estate settlement (closing) process; Enacted in 1974, the law was originally proposed to add more transparency to costs associated with certain real estate transactions and to eliminate abusive practices, such as kickbacks, which artificially increase the cost of settlement services. 
 
When RESPA must be obeyed - ANSWER-When a loan is a fed...
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APPRAISAL EXAM 1 Basic Principles Q&A Correctly Solved 100%
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APPRAISAL EXAM 1 Basic Principles Q&A Correctly Solved 100% 
 
When are appraisers needed? *** to set asking/offering prices, settle estates, refinance, divorce, taxes, rental rates, valuation, condemnation & foreclosure 
 
Appraiser *** One who is expected to perform valuation services competently & in a manner that is independent, impartial & objective. 
 
Attributes of an Appraiser *** competent, independent, impartial, objective, prompt, organized, educated, honest & diligent 
 
Appraiser...
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California Real Estate Salesperson Final Exam
- Exam (elaborations) • 31 pages • 2024
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Stock in a mutual water company is best described as: Real Property 
When two ore more parties own real property as co-owners with the right of survivorship, what is the tenancy called? Joint Tenancy 
How long must one use another's land open and notoriously to obtain an easement by prescription? 5 years 
Adverse possession is an example of how title to land an be acquired by: Occupancy 
In the Rectangular Survey System, what would one call the lines running East and West? Base lines 
All prope...
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LML4807 EXAM PACK ANSWERS (2019 - 2014) AND 2020 BRIEF NOTES LML4807
- Exam (elaborations) • 174 pages • 2024
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LML4807 EXAM PACK ANSWERS () AND 2020 BRIEF NOTES 
 
 
 
LML4807 BANKING LAW AND USAGE 
PAST EXAM PACK QUESTIONS AND ANSWERS 
(2019 – 2014) SUMMARISED NOTES 
 	2020	 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LML 4807 BANKING LAW EXAM MEMO 
 
 
1. Name and explain the roles of the various parties involved in documentary letters of credit. 
 
Depending on the circumstances a large number of different parties may be involved in a letter of credit. These include: 
 
-The applicant 
This is usual...
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