Property and succession Study guides, Study notes & Summaries

LCP_4804 Exam Pack. Official Customary Law In general, the official customary law reflects state interests and is part of state law. The official version of customary law is found in statutes, law reports, the South African Law Reform Commission reports, text books, university lectures and other public documents. According to Ndima, the official version of customary law depends on alien values for validity. Mogoro J, in Du Plessis v De Klerk 1 , points out that customary law "has lamenta...

Principle meridian - Answer-The north-south lines separating townships 5 ways to acquire property - Answer-Occupancy Accession Transfer Will Succession Escrow agent - Answer-any person engaged in the business of receiving escrows for deposit or delivery Metes and bounds - Answer-A method of land description which involves identifying distances and directions and makes use of both the physical boundaries and measurements of the land. Occupancy - Answer-Openly and hostile for more than 5 ...

The customary law of succession is essentially intestate succession correct answers which means that the extensive body of common that relates to wills and legal arrangements made by will does not have a counterpart in customary law. Customary law rules of inheritance of property were codified in correct answers section 23 of the Black Administration Act 38 of 1927 and the regulations made thereunder. In Bhe v Magistrate, Khayelitsha the court ruled that correct answers this section and th...

Bermuda Real Estate and Licensing Exam with Complete Solution Latest 2024/2025. Defect/Cloud in the title - Ans Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - Ans Has no specific expiration but the length is specified (like a month to month lease) Net Lease - Ans lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession - Ans A ...

Escrow Exam Questions and Answers 100% Pass Principle meridian - Correct Answer ️️ -The north-south lines separating townships 5 ways to acquire property - Correct Answer ️️ -Occupancy Accession Transfer Will Succession Escrow agent - Correct Answer ️️ -any person engaged in the business of receiving escrows for deposit or delivery Metes and bounds - Correct Answer ️️ -A method of land description which involves identifying distances and directions and makes use of both...

Bermuda Real Estate and Licensing Exam with Complete Solution Latest 2024/2025. Defect/Cloud in the title - Ans Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - Ans Has no specific expiration but the length is specified (like a month to month lease) Net Lease - Ans lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession - Ans A ...

Which of the following is NOT typically considered client funds? CORRECT ANSWER Security deposits collected by a property owner A buyer wants to have the interest earned on their earnest money deposit. Which of the following statements is most correct? CORRECT ANSWER The firm cannot draft an escrow agreement for the buyer and seller. Which of the following does NOT create a voidable contract? CORRECT ANSWER A counter-offer signed by an authorized power of attorney To ensure compliance w...

Question: A sublessee is a(n) correct answers . Tenant Question: A major disadvantage of owning investment property might be correct answers Lack of Liquidity Question: The most favorable thing about a VA loan is that correct answers VA loans guarranty gives the veteran favorable financing terms because the lender is protected from loss Question: Once the funds of a construction loan are disbursed to the contractor, and if the sub-contractor is not paid, correct answers . The sub-contra...

Which one of the following describes a windstorm under an insurance policy? -A wind of any velocity having sufficient force to cause damage In a specified perils policy, a loss is covered only if - The cause of loss is listed. A mortgagee's rights under a property insurance policy can best be described as - Independent of the named insured's rights and duties. A specific exclusion common to most property policies is - Ordinance or law. Paco Campos accidentally tosses a cigarette in a tra...

Escrow Question and answers already passed 2023/2024Principle meridian - correct answer The north-south lines separating townships 5 ways to acquire property - correct answer Occupancy Accession Transfer Will Succession Escrow agent - correct answer any person engaged in the business of receiving escrows for deposit or delivery Metes and bounds - correct answer A method of land description which involves identifying distances and directions a