When can you rescind a co - Study guides, Class notes & Summaries

California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct 105. Question #90543 The formula that is used to determine how much is taxable during the payout is the: AMortality ratio B7 pay test CMorbidity ratio DExclusion ratio: d Explanation: The exclusion ratio is the formula which is used by the IRS to determine how much is taxable to an annuitant during the pa...

ASREB TEST QUESTIONS & ANSWERS SOLVED 100% CORRECT!! A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... Equity A broker, acting as a property manager, would be considered what type of agent? General A contract has been signed, but title has not yet been passed. The contract is... Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If there are 4 points, how much money will be pa...

ASREB TEST QUESTIONS & ANSWERS SOLVED 100% CORRECT!! A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... Equity A broker, acting as a property manager, would be considered what type of agent? General A contract has been signed, but title has not yet been passed. The contract is... Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If there are 4 points, how much money will be pa...

California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct 105. Question #90543 The formula that is used to determine how much is taxable during the payout is the: AMortality ratio B7 pay test CMorbidity ratio DExclusion ratio: d Explanation: The exclusion ratio is the formula which is used by the IRS to determine how much is taxable to an annuitant during the pa...

PSI national Practice Exam Questions and Answers (100% Pass) What's the major difference between freehold estate and leasehold estate? A. Have an ownership interest B. Terminate upon the death of the person on whose life they are based C. Are estates of inheritance D. Are estates for a fixed term - Answer️️ -A. Have an ownership interest What deed provide at LEAST protection 1 general warranty deed 2 quick claim deed 3 special warranty deed 4 bargain and sale deed - Answer️️ -...

A contract that has no legal effect is called a(n) _______ contract. - Answer void Checks, drafts, notes, and certificates of deposit are special forms of contracts recognized by the UCC. They require a special form and language for their creation and must meet certain requirements for transfer. These are examples of which of the following types of formal contracts? - Answer negotiable interests Your friend Buffy signs a contract to purchase a new BMW automobile from Luxury Motors. Buffy ...

CA Life and Health Exam 2024/2025 already graded A+

1. A real estate licensee has a buyer agency agreement. What is the seller in this situation? A. a customer B. a client C. a fiduciary D. an agent - Answer A. There's an important distinction between client and customer. Unless there is a specific agreement to the contrary, licensees represent only one side in a transaction. In this case, it's the buyer who is the client and it's the licensee's obligation to negotiate a deal that's in that person's best interests, not the one th...

California Life, Accident, and Health Licensing 232 Questions with Answers Co-insurance - CORRECT ANSWER The policy provision which requires the insurer and the insured to share in the cost of services rendered Exclusion ratio - CORRECT ANSWER The formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policy - CORRECT ANSWER When a disability income policy provides coverage for injuries which occur on and off the job ...

VOID - correct answer A contract that has no legal effect. VOIDABLE - correct answer When one or more of the parties has the authority to rescind the contract. It appears to be valid, but one party may disaffirm because they are a minor, were subject to duress, or a victim of fraud or misrepresentation. STATUTE OF FRAUDS - correct answer A law that requires real estate contracts be in writing is the ______________________? PAROLE EVIDENCE RULE - correct answer Prevents a party to a writ...