Accord and satisfaction Study guides, Class notes & Summaries

NYREI Terms Exam Questions and Answers Accession - CORRECT ️️ Gives property owners the right to everything produced by their land Accessory Apartment - CORRECT ️️ an apartment within a single family dwelling Accord and Satisfaction - CORRECT ️️ an agreement to accept something different (usually less) from what the original contract required Accretion - CORRECT ️️ the gradual addition of land by the forces of nature actionable fraud - CORRECT ️️ fraud meeting certain...

Paralegal Core Competency Exam with Complete Solutions Already Passed Abatement - Process of selling estate property to pay debts. Abatement of Rent - A deduction from the rent owed for the diminishment in value of the premises caused by the lack of maintenance. Abstract of Title - Chronological summary of all official records and recorded documents affecting the title to a parcel of land. Accord and Satisfaction - The payment of money, or other valuable consideration (usually less than ...

Acceptance - An agreement to an offer resulting in a contract. Accord and satisfaction - An agreement made and executed in satisfaction of the rights one has from a previous contract. Agent - The party appointed by the principal to enter into a contract with a third party on behalf of the principal. Agency - The relationship that exists between a person identified as a principal and another by virtue of which the latter may make contracts with third persons on behalf of the principal....

1. Mutual assent to a real estate contract is indicated by (page 98) A. attestation. B. offer and acceptance. C. acknowledgment. D. seals. ☑: B ( This indicates a meeting of the minds.) 2. An example of an executory oral contract that is enforceable would be a (page 99) A. lease for six months starting in 6 months. B. sale of a lot for less than $500. C. lease for two weeks starting in 12 months. D. sale of drapes for $600. ☑: A (A lease for one year or less that can be fully pe...

FBLA Business Law questions well answeredacceptance - correct answer The second party's unqualified willingness to go along with the first party's proposal accord and satisfaction - correct answer A legal way to settle contractual disputes by which one party agrees to accept less than the amount due as full payment actual authority - correct answer The real power a principal gives to an agent actual notice - correct answer A formal notice given directly to a party, usually using certi...

Ch 4 Pearson VUE Exam Questions and Answers 100% Pass 1. Mutual assent to a real estate contract is indicated by (page 98) A. attestation. B. offer and acceptance. C. acknowledgment. D. seals. - Answer- B ( This indicates a meeting of the minds.) 2. An example of an executory oral contract that is enforceable would be a (page 99) A. lease for six months starting in 6 months. B. sale of a lot for less than $500. C. lease for two weeks starting in 12 months. D. sale of drapes for $600....

NYREI Terms(question and answers)graded A+ 2023 already passedAccession - correct answer Gives property owners the right to everything produced by their land Accessory Apartment - correct answer an apartment within a single family dwelling Accord and Satisfaction - correct answer an agreement to accept something different (usually less) from what the original contract required Accretion - correct answer the gradual addition of land by the forces of nature actionable fraud - correct a...

Abatement - Process of selling estate property to pay debts. Abatement of Rent - A deduction from the rent owed for the diminishment in value of the premises caused by the lack of maintenance. Abstract of Title - Chronological summary of all official records and recorded documents affecting the title to a parcel of land. Accord and Satisfaction - The payment of money, or other valuable consideration (usually less than the amount owed), in exchange for extinguishment of a debt. There must ...

Abatement - Process of selling estate property to pay debts. Abatement of Rent - A deduction from the rent owed for the diminishment in value of the premises caused by the lack of maintenance. Abstract of Title - Chronological summary of all official records and recorded documents affecting the title to a parcel of land. Accord and Satisfaction - The payment of money, or other valuable consideration (usually less than the amount owed), in exchange for extinguishment of a debt. There mus...

business law Collin College -Business Law FBLA questions with complete solutionsAcceptance - correct answer The second party's unqualified willingness to go along with the first party's proposal Accord and Satisfaction - correct answer A legal way to settle contractual disputes by which one party agrees to accept less than the amount due as full payment Actual Authority - correct answer The real power a principal gives to an agent Actual Notice - correct answer A formal notice given d...