Abrogation - Study guides, Class notes & Summaries

Abandonment - ANSWERSThe voluntary and permanent cessation of use or enjoyment with no intention to resume or reclaim one's possession or interest. May pertain to an easement or a property. Abrogation - ANSWERSTenants cannot sign away their rights in advance of signing the lease. Abstract of Title - ANSWERSA condensed version of the history of title to a particular parcel of real estate as recorded in the county clerk's records; consists of a summary of the original grant and all subsequ...

Abandonment - ANSWERSThe voluntary and permanent cessation of use or enjoyment with no intention to resume or reclaim one's possession or interest. May pertain to an easement or a property. Abrogation - ANSWERSTenants cannot sign away their rights in advance of signing the lease. Abstract of Title - ANSWERSA condensed version of the history of title to a particular parcel of real estate as recorded in the county clerk's records; consists of a summary of the original grant and all subsequ...

WASHINGTON STATE REAL ESTATE EXAM | QUESTIONS & 100% VERIFIED ANSWERS | LATEST UPDATE | PASSED The voluntary and permanent cessation of use or enjoyment with no intention to resume or reclaim one's possession or interest. May pertain to an easement or a property. Correct Answer: Abandonment Tenants cannot sign away their rights in advance of signing the lease. Correct Answer: Abrogation A condensed version of the history of title to a particular parcel of real estate as recorded in ...

Basic Contract Law for Paralegals Chapters 1-8 Exam Questions and Answers 2024 Legality -Answer-The condition of conformity with the law; lawfulness. Usury -Answer-Charging a rate of interest that exceeds the rate permitted by law. Surrogacy Contract -Answer-A situation where a woman who "hosts" the fertilized egg of another woman in her womb or who is artificially inseminated with the sperm of a man who is in a relationship with someone else agrees to assign her parental rights to the ...

ADJUSTABLE RATE MORTGAGE (ARM) - A loan where the interest rate is periodically adjusted based on a specific economic indicator (or financial index). ACCELERATION CLAUSE - Allows a loan to become due and payable immediately if certain requirements are not met, such as making payments, maintaining the physical condition of the property or paying property taxes and hazard insurance. ABROGATION - To nullify or replace. Signing of the closing documents nullifies the Real Estate Purchase Contra...

Mutual Assent A meeting of the minds; consent; agreement Recission the abrogation, annulment, or cancellation of a contract by the act of a party Unconscionability form of contract where a dominant party haas taken unfair advantage of a weaker party and has imposed terms and conditions that are unreasonable and one-sided Fraud deceit, deception, or trickery that is intended to induce, and does induce, another to part with anything of value or surrender some legal right Misrepresentation ...

Basic Contract Law for Paralegals Chapters 1-8 Exam Questions and Answers 2024 Legality -Answer-The condition of conformity with the law; lawfulness. Usury -Answer-Charging a rate of interest that exceeds the rate permitted by law. Surrogacy Contract -Answer-A situation where a woman who "hosts" the fertilized egg of another woman in her womb or who is artificially inseminated with the sperm of a man who is in a relationship with someone else agrees to assign her parental rights to the ...

Paralegal Exam Questions and Answers 100% Pass abrogation -Answer-the end or modification of a law ad adendum clause -Answer-the element of the complaint that asks for damages; also called prayer for relief or the wherefore clause ad hoc -Answer-Latin for "what is at hand" ad litem -Answer-Latin for "the current legal matter" additur -Answer-occurs when the judge adds to the amount a jury as awarded. Typically, the judge will give the party who must pay the award the choice of increas...

AFFILIATED BUSINESS ARRANGEMENT (AfBA) - A financial interest in a business that could provide services to a borrower in a loan transaction. The lender is required to disclose such affiliations to the borrower and may not require that the borrower use the affiliate. Disclosure is also required when it is the policy of the lender to share private information of borrowers with its affiliates. The borrower may refuse permission to share information by returning the notice indicating that they O...

Utah Stringham Real Estate Exam Questions With 100% Verified Answers. 3/1 ARM - answerA loan with three years of the same rate then rate adjustments every year thereafter. 12 HOUR NEW AGENT COURSE - answerThe continuing education course required by the Utah Division of Real Estate for a new licensee's initial renewal period. 72-HOUR RIGHT OF RESCESSION - answerAll borrowers must receive this notice if the loan is a refinance loan. ABANDONMENT - answerWhen a tenant leaves a property befo...