Legal Studies

If Bruce receives a fixed payment for performing continuing services for a third party he is ...

If Bruce receives a fixed payment for performing continuing services for a third party he is ...

If Bruce receives a fixed payment for performing continuing services for a third party he is considered a partner, regardless of whether he shares in partnership profits or losses.
  Indicate whether the statement is true or false

tnvalerio   25   1 Reply

PsychHelp

The fact that the parties share profits and losses is strong evidence of a partnership. Indicate ...

The fact that the parties share profits and losses is strong evidence of a partnership. Indicate ...

The fact that the parties share profits and losses is strong evidence of a partnership.
  Indicate whether the statement is true or false

abunting   25   2 Replies

abunting

Clauses that prohibit the leasing of center space to competitors are anti-competitive and violative ...

Clauses that prohibit the leasing of center space to competitors are anti-competitive and violative ...

Clauses that prohibit the leasing of center space to competitors are anti-competitive and violative of the Sherman Act.
  Indicate whether the statement is true or false

awaldrop928   25   1 Reply

cdbaker97

Criteria used to make employment decisions that have a disparate impact on women, such as height ...

Criteria used to make employment decisions that have a disparate impact on women, such as height ...

Criteria used to make employment decisions that have a disparate impact on women, such as height requirements, must be job-related.
  Indicate whether the statement is true or false

Ajones7145   25   1 Reply

zoechunn

Repair and deduct is a tenant's selfhelp method under the URLTA. (True or false?)

Repair and deduct is a tenant's selfhelp method under the URLTA. (True or false?)

Repair and deduct is a tenant's selfhelp method under the URLTA.
  Indicate whether the statement is true or false

Alansgirl   25   1 Reply

kvilla5

A person cannot be both an employee and an agent for a party at the same time. (True or false?)

A person cannot be both an employee and an agent for a party at the same time. (True or false?)

A person cannot be both an employee and an agent for a party at the same time.
  Indicate whether the statement is true or false

saadaj   25   1 Reply

Babygirl0804

The Woodlands Condominium Development has the following restriction in its CCRs: No one under the ...

The Woodlands Condominium Development has the following restriction in its CCRs: No one under the ...

The Woodlands Condominium Development has the following restriction in its CCRs: No one under the age of 55 shall be permitted to reside in any condominium unit. Chad and Jill Summerlin live in one of the Woodlands Units. Their daughter, Sarah, 29, h

ac22888   25   1 Reply

derrickpate22

A judgment can be recorded generally against all the debtor's property. (True or false?)

A judgment can be recorded generally against all the debtor's property. (True or false?)

A judgment can be recorded generally against all the debtor's property.
  Indicate whether the statement is true or false

BohnBayne   25   2 Replies

BohnBayne

Miriam Jensen purchased a fixer-upper home for 189,000 on January 4, 2015. The mortgage from Fifth ...

Miriam Jensen purchased a fixer-upper home for 189,000 on January 4, 2015. The mortgage from Fifth ...

Miriam Jensen purchased a fixer-upper home for 189,000 on January 4, 2015. The mortgage from Fifth Third Bank was recorded that same day in the amount of 175,000. On January 7, 2015, Miriam hired a contractor to install a new roof on her home. Miriam

BohnBayne   25   1 Reply

Yatesm

A financing statement on a fixture is properly filed centrally. (True or false?)

A financing statement on a fixture is properly filed centrally. (True or false?)

A financing statement on a fixture is properly filed centrally.
  Indicate whether the statement is true or false

swhite9946   25   1 Reply

rachey

A(n) __________ is an undertaking by one person, for consideration, to pay another person a sum of ...

A(n) __________ is an undertaking by one person, for consideration, to pay another person a sum of ...

A(n) __________ is an undertaking by one person, for consideration, to pay another person a sum of money in the event of a specified loss.
 A) absolute guaranty
 B) indemnity contract
 C) guaranty of payment
 D) suretyship

tgomes39   25   1 Reply

kvilla5

Consideration is not required to establish or modify a letter of credit. (True or false?)

Consideration is not required to establish or modify a letter of credit. (True or false?)

Consideration is not required to establish or modify a letter of credit.
  Indicate whether the statement is true or false

swhite9946   25   1 Reply

derrickpate22

A devise is a gift of personal property. (True or false?)

A devise is a gift of personal property. (True or false?)

A devise is a gift of personal property.
  Indicate whether the statement is true or false

ahlea1   25   1 Reply

boop

Dearborn paid United Financial Mortgage 100 rent for every closing that it conducted at United's ...

Dearborn paid United Financial Mortgage 100 rent for every closing that it conducted at United's ...

Dearborn paid United Financial Mortgage 100 rent for every closing that it conducted at United's office that involved United as a lender. Dearborn paid 300 rent for every closing that involved another lender. Is this a RESPA violation?

EdJones95   25   1 Reply

suarezs1

Presentment occurs when the primary party refuses to pay an instrument according to its terms. ...

Presentment occurs when the primary party refuses to pay an instrument according to its terms. ...

Presentment occurs when the primary party refuses to pay an instrument according to its terms.
  Indicate whether the statement is true or false

Ndnd   25   1 Reply

snp21

What is/are an escrow agent's responsibility when the buyer fails to deposit funds?

What is/are an escrow agent's responsibility when the buyer fails to deposit funds?

What is/are an escrow agent's responsibility when the buyer fails to deposit funds?
 A)Continue reminding the buyer
 B)Proceed to closing
 C)Terminate the escrow
 D)None of the above

tnvalerio   25   1 Reply

ortiz311

On loans that are locked in at an interest rate, there is zero tolerance for errors in disclosures ...

On loans that are locked in at an interest rate, there is zero tolerance for errors in disclosures ...

On loans that are locked in at an interest rate, there is zero tolerance for errors in disclosures on the GFE.
  Indicate whether the statement is true or false

nespinal   25   1 Reply

suarezs1

The right to lights is governed by the same principles as air rights. (True or false?)

The right to lights is governed by the same principles as air rights. (True or false?)

The right to lights is governed by the same principles as air rights.
  Indicate whether the statement is true or false

awaldrop928   25   1 Reply

PsychHelp

George was the maker of a written promissory note that stated that 500 would be paid on the sale of ...

George was the maker of a written promissory note that stated that 500 would be paid on the sale of ...

George was the maker of a written promissory note that stated that 500 would be paid on the sale of George's automobile. George initialed the note instead of writing his full name. The promissory note stated that it would be payable six months from t

jreichert1033   25   1 Reply

gbrossard

James and Debra Reid purchased a home for 623,000 in January 2014. They put down 62,300 and financed ...

James and Debra Reid purchased a home for 623,000 in January 2014. They put down 62,300 and financed ...

James and Debra Reid purchased a home for 623,000 in January 2014. They put down 62,300 and financed the remainder with Fifth Third Bank. Fifth Third Bank recorded its mortgage on February 1, 2014. On March 31, 2014, the Reids purchased a swimming po

belleej   25   1 Reply

Bubbbles

Classify the following grants. (Multiple Choice)

Classify the following grants. (Multiple Choice)

Classify the following grants. a. To the Phoenix Zoo for the time that the property is used for a children's petting zoo. b. To my lovely children, Evan and Willard. c. To my wife for the lives of my children. d. To my niece on the condition that she

Irrelevantshine   25   1 Reply

vbass

The Rule Against Perpetuities applies to:

The Rule Against Perpetuities applies to:

The Rule Against Perpetuities applies to:
 A) Fee simple determinables.
 B) Fee tails.
 C) Contingent remainders.
 D) All of the above

EdJones95   25   1 Reply

aaaime

A piggyback mortgage: (Multiple Choice)

A piggyback mortgage: (Multiple Choice)

A piggyback mortgage:
 A)Involves borrowing money for the down payment on a purchase financed by another mortgage.
 B)Is the same as a wrap-around mortgage.
 C)Is the same as an Anaconda mortgage.
 D)a and b

Wilt66   25   1 Reply

Sickalou

Mortgage Assistance Relief Programs are not now regulated as a result of new regulations. Indicate ...

Mortgage Assistance Relief Programs are not now regulated as a result of new regulations. Indicate ...

Mortgage Assistance Relief Programs are not now regulated as a result of new regulations.
  Indicate whether the statement is true or false

maan   25   2 Replies

maan

With reference to 47, Sheila's interest is void under the Rule Against Perpetuities. Indicate ...

With reference to 47, Sheila's interest is void under the Rule Against Perpetuities. Indicate ...

With reference to 47, Sheila's interest is void under the Rule Against Perpetuities.
  Indicate whether the statement is true or false

m   25   1 Reply

illyannam1

Small errors in lending disclosure statements are acceptable and will not result in the loss of ...

Small errors in lending disclosure statements are acceptable and will not result in the loss of ...

Small errors in lending disclosure statements are acceptable and will not result in the loss of mortgage rights.
  Indicate whether the statement is true or false

maan   25   2 Replies

maan

When a method of transportation called for by a contract becomes unavailable for any reason, the ...

When a method of transportation called for by a contract becomes unavailable for any reason, the ...

When a method of transportation called for by a contract becomes unavailable for any reason, the contract is automatically voided.
  Indicate whether the statement is true or false

Wilt66   25   1 Reply

jfnf

A possibility of reverter is a future interest that accompanies the creation of a fee simple subject ...

A possibility of reverter is a future interest that accompanies the creation of a fee simple subject ...

A possibility of reverter is a future interest that accompanies the creation of a fee simple subject to a condition subsequent.
  Indicate whether the statement is true or false

ferg   25   1 Reply

heytame

After foreclosure, the mortgagor loses all rights in the property. (True or false?)

After foreclosure, the mortgagor loses all rights in the property. (True or false?)

After foreclosure, the mortgagor loses all rights in the property.
  Indicate whether the statement is true or false

Lim Jun Jie   25   1 Reply

naaaa27

Brokers can be classified as lenders for purposes of Regulation Z disclosure requirements. Indicate ...

Brokers can be classified as lenders for purposes of Regulation Z disclosure requirements. Indicate ...

Brokers can be classified as lenders for purposes of Regulation Z disclosure requirements.
  Indicate whether the statement is true or false

maan   25   1 Reply

jdbrei

An auto manufacturer is excused from strict liability if it can be shown the defect was in a ...

An auto manufacturer is excused from strict liability if it can be shown the defect was in a ...

An auto manufacturer is excused from strict liability if it can be shown the defect was in a component part purchased from a manufacturer.
  Indicate whether the statement is true or false

BrittneyABuell   25   1 Reply

hoehoe22

The note or debt instrument should be referenced in the mortgage. (True or false?)

The note or debt instrument should be referenced in the mortgage. (True or false?)

The note or debt instrument should be referenced in the mortgage.
  Indicate whether the statement is true or false

maan   25   1 Reply

Mrgualandi

Explain why we need priority statutes for title to property.

Explain why we need priority statutes for title to property.

Explain why we need priority statutes for title to property.

kiaraj3   25   1 Reply

ishgup

Negligence and fraud are easy to prove in a mass production world. (True or false?)

Negligence and fraud are easy to prove in a mass production world. (True or false?)

Negligence and fraud are easy to prove in a mass production world.
  Indicate whether the statement is true or false

BrittneyABuell   25   1 Reply

Koergor

In interpreting a statute, a court will consider:

In interpreting a statute, a court will consider:

In interpreting a statute, a court will consider:
 A) The legislative intent.
 B) The words chosen.
 C) The factual circumstances.
 D) The vote margin for passage.
 E)a, b and c

Ka   25   1 Reply

Koergor

Summary of transfers and recording: Day 1 0 A Day 2 0 B (bfp) Day 3 B records Day 4 A records In a ...

Summary of transfers and recording: Day 1 0 A Day 2 0 B (bfp) Day 3 B records Day 4 A records In a ...

Summary of transfers and recording: Day 1 0  A Day 2 0  B (bfp) Day 3 B records Day 4 A records In a race state, who would take title to the property?
 A)A
 B)B

tinkrazy101   25   2 Replies

tinkrazy101

Which of the following is not a requirement for a valid deed?

Which of the following is not a requirement for a valid deed?

Which of the following is not a requirement for a valid deed?
 A)Purchase price
 B)Description
 C)Writing
 D)Signature of grantor

krystine77   25   1 Reply

illyannam1

State statutes are the only reliable source of real estate law. (True or false?)

State statutes are the only reliable source of real estate law. (True or false?)

State statutes are the only reliable source of real estate law.
  Indicate whether the statement is true or false

wos   25   1 Reply

jessmall25

Intervivos gifts, to be valid, must be delivered. (True or false?)

Intervivos gifts, to be valid, must be delivered. (True or false?)

Intervivos gifts, to be valid, must be delivered.
  Indicate whether the statement is true or false

m   25   2 Replies

m

The existence of a confidential relationship is a prerequisite to establishing undue influence. ...

The existence of a confidential relationship is a prerequisite to establishing undue influence. ...

The existence of a confidential relationship is a prerequisite to establishing undue influence.
  Indicate whether the statement is true or false

RedGiant   25   2 Replies

RedGiant