Negotiable instrument - Study guides, Class notes & Summaries

Fintechs can be grouped according to what parties are invovled correct answers -Peer to peer (P2P) -Business to person (B2P) -Person to business (P2B) -Business to business (B2B) Two interesting areas in payments correct answers 1. Cross-border payments 2. Mobile payments Fintechs & payments correct answers Fintechs started mostly with payments, now may seem to be shifting away to become a data industry Integrated billing mobile correct answers Consists of payment services such as o...

Which of the following are required of deeds to be enforceable: D. Grantors Signature Personal property could be: D. Emblements Real property is: B. Transferred by a deed What is it called when the government gives a parcel of real property back to a private citizen: B. Vacation A chain of title: D. Lists all the grantors and grantees since the beginning A grantor is: A. Person transferring real property Consideration is: A. Money or valuablesEmblements are: C. Regarded as personal Proper...

NJ Title Insurance 2024 Real Verified Exam Abandonment - CORRECT ANSWER-when someone with legal possession of property leaves without intention of reclaiming rights abstract of title - CORRECT ANSWER-A summary of the title history including all encumbrances. Acceleration clause - CORRECT ANSWER-Mortgage clause demanding full payment upon default accretion - CORRECT ANSWER-New land added by the elements, such as a river delta Accrued Depreciation - CORRECT ANSWER-Total of all deterio...

PA Notary Questions and Answers Already Passed Notarial Acts - The six enumerated notarial powers authorized by RULONA are: 1. Taking an acknowledgment 2. Administering an oath or affirmation 3.Taking a verification on oath or affirmation (includes an affidavit) 4. Witnessing or attesting a signature - note that this is a new notarial act 5. Certifying or attesting a copy or deposition - note that "taking a deposition" is nolonger an enumerated notarial act 6. Noting a p...

Check Definition - correct answer • Reg CC: Defines as a negotiable demand draft • UCC: Defines as an 'item' (4-104) -Item: An instrument that is an order to pay money handled by a bank for collection or payment • Checks are eligible for image exchange and creation as substitute check (legal equivalent) -Refer again to the electronic check and electronic returned check discussion in Reg CC session Cashier's check - correct answer Bank is both drawer (maker) and drawee. Provided...

Exam Real Estate Version A Questions and Answers 100% Pass Which of the following are required of deeds to be enforceable: D. Grantors Signature Personal property could be: D. Emblements Real property is: B. Transferred by a deed What is it called when the government gives a parcel of real property back to a private citizen: B. Vacation A chain of title: D. Lists all the grantors and grantees since the beginning A grantor is: A. Person transferring real property Consider...

A draft is an ______written order by one party (drawer) that directs the 2nd party, the drawee, to pay a 3rd party, the payee. - unconditional Additional terms to a contract - (ONLY APPLIES TO A CONTRACT BETWEEN MERCHANTS) in a contract between merchants where one party adds unimportant terms in a contract, those terms become apart of the contract unless the other party objects in a reasonable time Article 2 - Law of Sales Bailee - Person given goods with the intention of returning them B...

BUS 263 Final Exam | Questions and Answers In a dispute over a sale involving a skateboard, Greg argues that as to this deal Hobby Shop, where Greg bought the board, is a merchant. A court may determine whether the shop is a merchant by assessing whether it holds itself out by occupation as having knowledge and skill unique to the skateboard in the transaction. Ferris is refinishing his kitchen floor and needs a floor sander to complete the job. Ferris's neighbor Gina suggests that he call Ho...

Which of these is not among the generally reliable market source for home finance? - Answer Inheritance An amortized loan is best described by which of the following? - Answer One that is paid off with a fixed schedule in regular installments over time. Which of these is not one of the four phases of the real estate cycle? - Answer Demand Investment products (such as securities) are purchased and/or exchanged in the: - Answer 1. Primary market 2. Secondary market Which of th...

(open terms of a contract) Payment - due when the good is picked up (open terms of a contract) Place of Delivery - if unspecified, the buyer picks up the good from the sellers place of business (open terms of a contract) Price - Reasonable price, determined by the market of the good (open terms of a contract) Time - reasonable amount of time, dependent on the good 2 instances Stolen goods - -stolen by force or theft -stolen by fraud 2 Parties in a Promissory Note - -Maker: the party who i...