Seller remedies Study guides, Class notes & Summaries

According to Article 36-A of the New York General Business Law, how long does a homeowner have to cancel a home improvement contract after signing it? 3 days - Homeowners have three days in which to cancel home improvement contracts covered by Article 36-A. Which of the following prohibits any licensee from soliciting in a specific area in New York state? a - Cease and desist zone A cease and desist zone is defined by the New York State DOS as an area designated in regulation to address...

NC Superior Real Estate School - Chapter 14/15 Questions and Answers Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide -Answer-Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide Breach of Condition -Answer-Failure of landlord or tenant to perform his or her respective duties under the terms of the lease, thereby giving the other party grounds for terminating the lease agree...

What is a contract? A legally binding agreement between two or more persons, competent at law to enter into such agreement, for consideration or value, to do or refrain from doing something lawful. True or false? An oral contract for the acquisition or disposition of any interest in the land is enforceable. False. Any contract in real estate is required to be in writing. When drafting a contract, what does The Statute of Frauds require? - Must be in writing to be enforceable by ...

Default of contract and types of damages correct answer: -In the event of default by the buyer, the seller may have several options, which include: -Liquidated damages. The seller can choose to accept the buyer's earnest money as liquidated damages, releasing all parties from any further obligation under the contract. Liquidated damages are damages that are established in the contract. -Monetary damages. In addition to specific performance, the injured party may "seek such other relief as m...

Real Estate Contract Forms and Addenda Exam 2 (2023/2024) 100% Pass What is Paragraph 5 in the promulgated contract address? Earnest Money What does Earnest Money Serve? As liquidated damages in the event of default Is earnest money required? NO Failure to Deliver Earnest Money in a timely manner constitutes what? Default and gives the seller the right to exercise the default remedies established by agreement of the parties in Paragraph 15. What does Paragraph 23 of the One to Four Family Re...

Default of contract and types of damages - ANSWER--In the event of default by the buyer, the seller may have several options, which include: -Liquidated damages. The seller can choose to accept the buyer's earnest money as liquidated damages, releasing all parties from any further obligation under the contract. Liquidated damages are damages that are established in the contract. -Monetary damages. In addition to specific performance, the injured party may "seek such other relief as may be pr...

When an earnest money check is deposited, what information does Tennessee require be recorded and maintained? Who provided the funds (the depositor) A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. Review and approve transactional documents and agreements What must licensees do to maintain their licenses? Complete continuing education requirements and pay the renewal fee Addision didn't make an on-site ins...

This document contains workings, explanations and solutions to the BLA100 / BLA152 Assignment 1 (QUALITY ANSWERS) Semester 1 2024 - For assistance call or Whats-App us on 0.6.8...8.1.2...0.9.3.4........ Question 1 (10 marks) TRUE/FALSE QUESTIONS Consider the following list of statements. Each statement is either true or false. You must read each statement carefully and then select the option that you believe is correct as your answer. In your answer book, write down only the question number ...

CPCM exam 2024 with 100% correct answers Competitive negotiation -Answer-A method of contracting involving a RFP that states: -The buyer's requirements and criteria for evaluation -Submission of timely proposals by a maximum number of offerors -discussion with those offerors found to be within the competitive range -award of a contract to the one offeror whose offer, price and other consideration factors are most advantageous to the buyer R&D Contract -Answer-A contract for basic researc...

A contract that violates a rule intended for the protection of private parties, as when a party lacked capacity or did not give free consent at the time the contract was made is said to be: - ANSWER relatively null If a court is called upon to determine the intent of the parties to a contract based upon the language in the contract, the court will interpret the contract _____ the party that did not draft it. - ANSWER in favor of Another, more common, name for a mandate or procuration is: -...