Exam (elaborations)
TN Exam Prep Quiz 10 Q Verified and 100% Correct Q & A, Complete Document for Exam
- Course
- Institution
TN Exam Prep Quiz 10 Q Verified and 100% Correct Q & A, Complete Document for Exam
[Show more]
Content preview
TN Exam Prep QuizCircle the letter of the Answer that corresponds to the displayed Question.
1. An unstated or unintentional agreement that may be deemed to exist by implication because of acts or
statements by any of the parties to the agreement. Not enforceable.
A. net listing
B. deed in lieu of foreclosure.
C. tenancy in severalty
D. implied contract
2. All earnest money must be deliered to the broker immediately upon receipt; Each contact shall state
the amount of earnest money, who will hold thefundsa end under what conditions it may be disbursed.
Earnest money funds must be held in a separate Escrow
A. Escrow Trust Account
B. investment
C. CERCLA Superfund (1980) and SARA Superfund amendment (1986)
D. water rights
3. Any financing arrangement where a seller takes a note and mortgage from the buyer for all or part of
the purchase price of the property.
A. seller financing
B. collateral
C. private mortgage insurance (PMI)
D. testate
4. Portions of a condominium property that are owned by all unit owners for example grounds, parking
facilities, lobby and elevators. Portions of a commercial property used by all occupants as well as the
public.
A. judicial foreclosure
B. interest
C. subagency
D. common elements
5. A body of law developed by court judgments, decrees, and case decision.
A. taxable income
B. property
C. power of attorney
D. common law
Circle the letter of the Question that corresponds to the displayed Answer.
6. comparable
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACTUALSTUDY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78121 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now