Voidable preference - Study guides, Study notes & Summaries

A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a. encroachments b. improvements c. surface rights d. emblements - ANSWER-b A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a. riparian b. littoral c. appropriative d. appropriation - ANSWER-a A commercial tenant is aware that his le...

MRL3701 EXAM PACK ANSWERS AND 2021 BRIEF NOTES.ENCY LAW (MERCANTILE LAW 1 MODULE 3701) Duration : 2 Hours 100 Marks QUESTION 1 Fill in the missing words or word: (a) A debtor’s estate is sequestrated, not the debtor himself. (2) (b) The debtor need not have ordinarily resided or carried on business for the entire 12 months preceding the sequestration application: ordinary residence or conduct of business at any time during that period suffices. (2) (c) Free residue’ is defined in s 2...

MRL3701 EXAM QUESTIONS AND ANSWERS title - answers the trustee is obliged to release property which was acquired by the solvent spouse during her marriage with the insolvent by a valid _____ against creditors of the insolvent sequestration - answers the _______ of an employers estate suspends the employment contract between him and his employees with immediate effect asset - answers if the insolvent has carried out his side of the contract and only the other party'...

Contracts with a person who lacks mental capacity can be - Answer- either void or voidable Community property is a concept of - Answer- Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. - Answer- an agent will have the opportunity to sell their own listing. Oil and gas companies employ - Answer- a large number of individuals with a real estate background. The NFIP - Answer- offers flood insurance The NFIP offers flood insurance to - Answer-...

MRL_3701 Test Bank With Answers. QUESTION 1 Fill in the missing words or word: (a) A debtor’s estate is sequestrated, not the debtor himself. (2) (b) The debtor need not have ordinarily resided or carried on business for the entire 12 months preceding the sequestration application: ordinary residence or conduct of business at any time during that period suffices. (2) (c) Free residue’ is defined in s 2 as ‘that portion of the estate which is not subject to any right of prefe...

person's The terms sequestration and sequestration order should stritly be used only with reference to a ____ estate personal In Ex Parte Henning, the statement of affairs that lay for inspection did not contain the ____ information 8(g) According to section ____ of the Insolvency Act, it is an act of insolvency if a debtor gives notice in writing to a creditor that he is unable to pay one or more of his debts written A debtor may not, without the ____ consent of the tr...

Colibri Real Estate (Real Estate Express) Final Exam Review Questions and Complete Solutions Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission pl...

MRL3701 EXAM PACK ANSWERS AND 2021 BRIEF NOTESSection 2 of Act – Definitions 'debtor', in connection with the sequestration of the debtor's estate, means a person or a partnership or the estate of a person or partnership which is a debtor in the usual sense of the word, except a body corporate or a company or other association of persons which may be placed in liquidation under the law relating to Companies. A body corporate established in terms of the Sectional Titles Act, 95 of 2986,...

Exam Question Master 1 T/F - Real estate professionals provide knowledge of market conditions - ANS True The product that real estate licensees market is - ANS Expert Information Real estate professionals provide expert information in three areas: - ANS Property transfer, market conditions, and how to market real estate and businesses. D.B.P.R (Department of Business and Professional Regulation) main office location - ANS - Located in Tallahassee, FL. DRE (Divisio...

What does not include physical mobility, but rather the control and possession of all the rights of ownership? - ANSWER- Purchasing Power If an appraiser is valuing real property by sales comparison, whose actions is he or she LEAST likely to consider? - ANSWER- Government Agencies Which value characteristic implies the presence of a need or demand, which considers the monetary power to fill that need? - ANSWER- Desire The rights and benefits inherent in the ownership of a parcel of lan...