Obligor - Study guides, Class notes & Summaries

personal property that is often included with real estate is called - Answer chattel a fuidciary relationship is - Answer a personal with a relationship of finanical trust, a special agency reglationship The federal reserve is empowered to - Answer Set, oversee and contraol an estates that remains for the life of the estate is the - Answer life estate the first bank was - Answer the bank of the united states The federal reserve system overseend by - Answer Board of Gov...

Louisiana 45-Hour Salesperson Post-License Course Already Graded A Obligation A legal relationship in which a person (the obligor) becomes bound to perform in another person's (the obligee's) favor Contract An agreement between two or more parties that creates, modifies, or extinguishes obligation(s) Synallagmatic/bilateral contract A contract that obligates both parties Unilateral contract: A contract that only obligates one party Onerous contract: A contract in which each party obtains an...

CONTENTS 1 INTRODUCTION 2 SUGGESTED SOLUTIONS TO ASSIGNMENTS 3 EXAMINATION GUIDELINES 4 CONCLUDING REMARKS 1 INTRODUCTION The purpose of this tutorial letter is to provide you with suggested answers to assignments, and give you guidelines for the examination. 2 SUGGESTED ANSWERS TO ASSIGNMENTS Question 1 Distinguish between credit risk assessment and credit risk measurement. (10) Suggested Answer Credit risk assessment Is a credit management process that seeks to identify and contro...

Mortgagee - ANSWER_one who takes the mortgage and is thus, the lender/bank - the one who provides a loan to someone buying the house; the person in whose favor a mortgage is granted Lessor - ANSWER_the landlord; one who gives the lease Lessee - ANSWER_the renter; one who receives the lease Grantor - ANSWER_one who gives grants (for example, an easement) Grantee - ANSWER_one who receives the grant Payor - ANSWER_one who gives the money Payee - ANSWER_one who receives the money; ...

Pact de non Alienando - ANSWER Clause contained in the mortgage or other encumbrance agreement whereby the obligor agrees not to sell, engage, alienate or mortgage the same property to other persons to the prejudice of the mortgage Corporate Resolution - ANSWER An official written certificate of the corporations secretary that the resolution was adopted by the corporations board of directors Confession of Judgment - ANSWER A person's agreement in a mortgage to the entry of judgment if he ...

Obligation - ANSWER A legal relationship in which a person (the obligor) becomes bound to perform in another person's (the obligee's) favor Contract - ANSWER An agreement between two or more parties that creates, modifies, or extinguishes obligation(s) Synallagmatic/bilateral contract - ANSWER A contract that obligates both parties Unilateral contract: A contract that only obligates one party Onerous contract: - ANSWER A contract in which each party obtains an advantage in exchange f...

Bail Bonds Louisiana Exam Questions and Correct Solutions 2024 Acquit - Answer -to set free:to judicially discharge from an acquisition;to clear (a person) of a criminal charge Bail Enforcement - Answer -the apprehension or surrender of a principal by a natural person who is released on bail or who has failed to appear at and state of the proceedings to answer to the charge before the court, in which he may be prosecuted obligor - Answer -the party who owes the duty or debt; principal; in...

How to approach on the exam? correct answer: o (1) Call of the question o (2) Identify and classify the property at issue o (3) Determine which parties have or claim an interest in the collateral o (4) For each security interest, assess: § Attachment - has SI attached? To which collateral? When? § Perfection - has secured party perfected SI? When? How? o (5) Find and apply appropriate rule to the facts to resolve the dispute Vocabulary correct answer: o Security Interest - an intere...

When defendants feel that a trial court has made a error or to harsh of a sentence. They notify the trial court of their appeal and file appeals with a higher court. - Answer-Appeal bond Guarantee the defendant will appear each and every time he/she is ordered to do so. - Answer-Bail bond Two party contact between the insurer and the insured. - Answer-insurance policy Three party contract. Obligee, obligor and surety. - Answer-Surety contract the person to whom a duty, or obligation, is ow...

Bail bond test 1 questions and answers already passed crime of the state which is correct the Governor is the obligee which of the following refers to the party to whom an obligation is owed the obligee who is the obligee in a contract of bail when the crime is against the state Governor of the state what does extradition mean latin to deliver out can a appearance bond to be continued when the defendant is appealing the decision of the court no the bond cannot be continued.a new bond must be...