Promissory estoppel - Study guides, Revision notes & Summaries

CHAPTER 12- RESIDENTIAL MORTAGES fully solved graded A+Which legal instrument evidences the debt and states the interest rate, term, payment requirement, and other information related to the loan? (a) Promissory note (b) Contract (c) Lien (d) Mortgage - correct answer (a) Promissory note What is the function of a mortgage? (a) It conveys title to real property. (b) It secures the repayment of the debt. (c) It creates a personal pledge to repay a loan. (d) It creates a l...

Employment law covers ________, but not ________ correct answers Employees independent contractors Test used to determine employee v. IC status correct answers Control Test (most common) Control Test correct answers Traditional IRS test used to distinguish Employees from IC's Control Questions Does the Employer control-- correct answers 1. When/where work is doe 2. Tools and equipment used 3. Who must perform specific work 4. Order or sequence of work tasks Control Test-financi...

CA property & Casualty practice exam Questions and Answers 100% Pass Bob is thinking about obtaining insurance because he just found out he needs extensive surgery that will require several days in the hospital. This situation of waiting until the last minute to obtain insurance is known as: - Correct Answer ️️ -Adverse Selection According to the California insurance law, either party may rescind a contract for any of the following reasons EXCEPT: - Correct Answer ️️ - - Correct A...

a decision made in the 14th court of appeals is (blank) authority in a state trial court in AUstin - Persuasive A lump sum contract between an owner and GC includes the GC's A) Overhead but not profit B) Profit but not Overhead C) Profit and Overhead D) Neither Profit nor overhead - C) Profit and Overhead A non-party to a contract can be sued in Texas for tortious interference with a contractual relationship between the parties to the contract T/F - True A required element of a promiss...

CHAPTER 12- RESIDENTIAL MORTAGESWhich legal instrument evidences the debt and states the interest rate, term, payment requirement, and other information related to the loan? (a) Promissory note (b) Contract (c) Lien (d) Mortgage - correct answer (a) Promissory note What is the function of a mortgage? (a) It conveys title to real property. (b) It secures the repayment of the debt. (c) It creates a personal pledge to repay a loan. (d) It creates a lien on the mortgagee's...

Role of Law in Society Law helps us settle disputes and regulate activity. Stare Decisis Latin for "let the decision stand". Common law Consists of case decisions. Is also called case law or judge-made law. Statutory Law Laws written and passed by legislature and signed by executive. Administrative Law Regulations produced by Federal Agencies. Treaties Agreements between US and foreign country negotiated by president and effective when ratified by 2/3 V...

An offeree's response to an offer in which the offeree rejects the original offer and at the same time makes a new offer is a: a. cancellation. b. revocation. c. withdrawal. d. counteroffer. correct answers d. counteroffer. Termination of an offer by operation of law can occur due to which of the following? a. Frustration of purpose b. Bankruptcy proceedings c. Lapse of time d. All of these answers are correct. correct answers d. All of these answers are correct. In contract l...

2024 NALA CERTIFIED PARALEGAL EXAM TERMS AND CONCEPTS!!

Agency relationship - When a person or company (agent) agrees to act for or in place of another person or company (principal) What are three qualities in an agency relationship? - 1. The principal creates authority in an agent 2. The agent receives authority and carries out the principal's instructions 3. Third parties make a contract or are involved in a tort with the agent What is the result of an agency relationship? - The principal is bound by the agents acts with a third party Unive...