Business associations law - Study guides, Class notes & Summaries

TN State Law Exam- Funeral Directing 2022 Questions and Answers This is the person who is legally entitled to authorize cremation, funeral service, and dispositions: authorizing agent Can a licensed funeral director authorize a cremation? NO This is the heating process where a body is reduced to bone fragments by combustion or evaporation? cremation This is the building that houses one or more cremation chambers this also includes the term "crematorium": crematory This is the preser...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

M100 Community Association Management Exam Questions with 100% Verified Answers. Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the board of directors. d. Certain docu...

WGU C426 Healthcare Values and Ethics Rated A+ Normative Ethics Attempt to determine what moral standards should be followed so that human behavior and conduct may be morally right. Consequential Ethics Theory of ethics emphasizes that the morally right action is whatever action leads to the maximum balance of good over evil. - What will be the effects of each course of action? - Will they be positive or negative? - Who will benefit? - What will do the least harm? Utilitarian Ethics The conce...

TN State Law Exam- Funeral Directing 2022 Questions and Answers This is the person who is legally entitled to authorize cremation, funeral service, and dispositions: authorizing agent Can a licensed funeral director authorize a cremation? NO This is the heating process where a body is reduced to bone fragments by combustion or evaporation? cremation This is the building that houses one or more cremation chambers this also includes the term "crematorium": crematory This is the preser...

CPCU 551 - Addressing Commercial Property Risk Questions And Answers 2023 Condominium A real estate development consisting of a group of units, in which the air space within the boundaries of each unit is owned by the unit owner, and all remaining real and personal property is owned jointly by all the unit owners. Condominium unit The portion of a condominium owned solely by a unit owner. Common elements Areas of a condominium that are jointly owned by all unit owners, includin...

Champions Real Estate - Principles 1 Exam 2024 Already Passed brokerage the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transaction may or may not involve agency relationships The role of a property manager Generally responsible for the day to day operations of the property, maintenance, and tenant relations How are home inspectors licensed? Home inspectors are licensed in Texas by TREC. Real ...

Characteristics of a Community Association (Ans- Mandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association (Ans- Business – Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3 Basic Types of Community Associations (Ans- Planned Community - Owners owns his lot/living unit and community owns common areas (tennis courts, basketball courts, etc.). Condominium - Individual...

Solution Manual for Essentials of Business Law and the Legal Environment, 13th Edition, Richard A. Mann, Barry S. Roberts, ISBN-10: 5, ISBN-13: 5180 Table of Contents Part I: INTRODUCTION TO LAW AND ETHICS. 1. Introduction to Law. 2. Business Ethics. Part II: THE LEGAL ENVIRONMENT OF BUSINESS. 3. Civil Dispute Resolution. 4. Constitutional Law. 5. Administrative Law. 6. Criminal Law. 7. Intentional Torts. 8. Negligence and Strict Liability. Part III: CONTRACTS. 9. Introduction to ...

Which of the following statements is true about a partnership name? (The name is an asset of the partnership that may be sold or assigned. The name must include the word "company" in it.) The partnership must comply with the state's assume name provisions. Both a and c - ️️Both a and c The owner of a limited liability company LLC has unlimited personal liability for the debts of the LLC. T/F? - ️️False Which of the following is NOT one of the recognized disadvantages of ...