Accord and satisfaction - Study guides, Class notes & Summaries

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 ...

AAMI Business LawAcceptance - correct answer An agreement to an offer resulting in a contract. Accord and satisfaction - correct answer An agreement made and executed in satisfaction of the rights one has from a previous contract. Agent - correct answer The party appointed by the principal to enter into a contract with a third party on behalf of the principal. Agency - correct answer The relationship that exists between a person identified as a principal and another by virtue of which t...

AAMI Business Law Review Questions 2024. Acceptance - correct answer An agreement to an offer resulting in a contract. Accord and satisfaction - correct answer An agreement made and executed in satisfaction of the rights one has from a previous contract. Agent - correct answer The party appointed by the principal to enter into a contract with a third party on behalf of the principal. Agency - correct answer The relationship that exists between a person identified as a principal and ano...

Oklahoma Real Estate Latest Version Rated A+ Abrogate To abolish in a public manner or end something when formal steps are needed Abstract of Title A summary or copy of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record which may impair title. Abutting The joining, reaching or touching of adjoining land, Abutting parcels of land have a common boundary. acc...

AAMI Business Law Questions And Answers 2024. Acceptance - correct answer An agreement to an offer resulting in a contract. Accord and satisfaction - correct answer An agreement made and executed in satisfaction of the rights one has from a previous contract. Agent - correct answer The party appointed by the principal to enter into a contract with a third party on behalf of the principal. Agency - correct answer The relationship that exists between a person identified as a principal an...

REAL ESTATE BROKERS CERTIFICATION EXAM (2023) || Complete Questions & Answers (Rated A+) REAL ESTATE BROKERS CERTIFICATION EXAM (2023) || Complete Questions & Answers (Rated A+) REAL ESTATE BROKERS CERTIFICATION EXAM (2023) || Complete Questions & Answers (Rated A+) ABATEMENT - ANSWER - A legal action to stop a nuisance. Also can be a reduction of a property tax assessment. ABSTRACT - ANSWER - A history of every recorded document dealing with a property. ABSTRACTIVE METHOD - ANSWER - A m...

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...

Legal 2700 Test 2 Vocab Questions and Answers Acceptance - Correct ️️ a person's compliance with the terms of an offer made by another Accord - Correct ️️ the new performance Accord and satisfaction - Correct ️️ an agreement between two contracting parties that accepts alternate performance to discharge a pre-existing duty between them and the subsequent performance of that agreement Bilateral contract - Correct ️️ an agreement containing mutual promises, both parties exch...

Abatement - Answer the process of determining the distribution of bequests as directed by the decedent in his/her will when there are not assets sufficient to satisfy the bequests abstract of title - Answer A brief, chronological summary of the recorded documents affecting title to a particular parcel of real property acceptance - Answer one of three requisites to a valid contract under common law (the other two being offer and consideration) accord and satisfaction - Answer...