Nj title insurance exam Study guides, Class notes & Summaries

NJ Title insurance exam questions with Correctly Answered Solutions Which of the following statements is true? A domestic company is one chartered in this country. B. a foreign company is one chartered in another country C. an alien company is one chartered in another state D. a certificate of authority is used to companies authorized to transact business in the state - CORRECT ANSWER-D Which of the following statements is not true? A. A single insurance risk can include two or more ...

NJ Title Insurance RE Practice Exam with Correct Questions and Answers Seller A entered into an option contract with Buyer B. The contract allowed for a price of $200,000 which Seller A honor for a 12 month period exclusively for Buyer B. This would be an example of a - CORRECT ANSWER-a unilateral contract in which only seller A has made a promise to perform. The purchased price for a new home was $230,000. The buyer put down 20%, and the balance was a mortgage for 80%of the purchase ...

Study Guide for NJ Title Insurance Exam (questions and answers) An insurance agent is defined as an individual who transacts business on behalf of a _______ - CORRECT ANSWER-a client Knowingly making false statements which are derogatory against and meant solely to injure another - CORRECT ANSWER-defamation Type of authority that is either stated orally or in writing and allows an agent to act on behalf of the insurance company - CORRECT ANSWER-express authority Type of authority hold...

NJ Title Insurance Exam Questions And Answers With Verified Solutions

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NJ Title insurance exam questions with Correctly Answered Solutions Which of the following statements is true? A domestic company is one chartered in this country. B. a foreign company is one chartered in another country C. an alien company is one chartered in another state D. a certificate of authority is used to companies authorized to transact business in the state - CORRECT ANSWER-D Which of the following statements is not true? A. A single insurance risk can include two or more ...

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