Chattel Study guides, Revision notes & Summaries

Using/loaning out a chattel without permission and its damaged causing almost have its value - Conversion Remedy is FMV Which fact will a court not take JN of? Birthdate, the fact that D has filed 25 frivolous suits in a year, it rained on a certain date, date of Independence Day - Birthdate Gambler owes money and says he'll pay 9/10 of what he owes. You agree. - No consideration for modification. You can sue for the remainder. Corporations cannot be found guilty of - Manslaughter/killin...

McKissock Learning - Basic Appraisal Principles"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - correct answer A The public restriction on ...

Additions to the land (ie houses) that are artificially attached (personal) Economic characteristic of land Chapter 1 Indestructibility -Answer-Land is non destroyable. It can be altered but its geographic coordinates remain the same. (physical characteristic of land) Chapter 1 Non-homogeneity -Answer-Land: No two pieces are exactly alike. Another word for it is uniqueness. This can either be a good or bad thing in regards to selling a property. (physical characteristic of land) Chapter...

Rights, privileges or improvements that belong to and pass with land. - Appurtenance Man made additions to the land such as buildings and landscaping. Also known as free standing - Improvements Right or interest in something that is temporary or movable by nature. Also known as chattel or personalty. - Personal Property Ownership is transferred by... - Bill of Sale When personal property is included in a sale, an ___________________________ is attached to describe the details of the trans...

NATIONAL REAL ESTATE EXAM PRACTICE TEST Answered 100% Correctly 2024 In applying the test of a fixture, which of the following would not be considered: a. The manner of attachment b. The value of the article c. The intent of the parties d. The relationship of the parties - answerb. The value of the article Real property can become personal property by the process known as: a. Attachment b. Severance c. Hypothecation d. Accretion - answerb. Severance Real property includes: a. Land ...

Real Estate Exam Prep (Champions; Texas) Latest Update Graded A+ appurtenance term used to describe rights, privileges or improvements that belong to and pass with the land improvements man's additions to the land such as building and landscaping personal property also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes personal property through severance. bill of ...

A Notary who refrains from performing a duty, which is imposed by law or inherent in the nature of his/her office, may be guilty of? a. A felony b. Criminal Contempt c. A Tort d. A Misdemeanor - ANSWER-d. A Misdemeanor A copy of a public record signed and certified as true copy by the public official having custody of the original is known a(n): a. Affirmation b. Authentication c. Certified Copy d. Acknowledgment - ANSWER-c. Certified Copy To grant the right of usage in real proper...

McKissock Learning - Basic Appraisal Principles Question and answers verified to passMcKissock Learning - Basic Appraisal Principles "A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of:...

what is property? Correct Answer-property consists of things plus the rights of ownership what is personal property and what is a distinguishing factor? Correct Answer-personal property are items that the seller can load into a van after the moving sale. what is chattels personal Correct Answer-things like cars, boats furniture money etc what is chattel real Correct Answer-chattel real are items that extend to the owner and interest in the property such as leases, mortgages, contracts t...

Real Estate Exam Prep (Champions; Texas)| Latest Update Graded A+ appurtenance term used to describe rights, privileges or improvements that belong to and pass with the land improvements man's additions to the land such as building and landscaping personal property also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes personal property through severance. bill...