Principle of survivorship Study guides, Class notes & Summaries

REAL 4000 Exam 2 LCPQ Questions and Answers | Latest Version | 2024/2025 | 100% Pass What is adverse possession in real estate law? Adverse possession is a legal principle allowing someone to claim ownership of land after occupying it openly and continuously for a certain period without the owner’s permission. What is a promissory note? A promissory note is a written agreement in which a borrower promises to repay a loan under specified terms. What is joint tenancy? Joint ...

True Owner - Personal who originally owned an item and lost it Finder - Has superior interest over everyone except for true owner. Has legal right to possess, has a duty to reasonably attempt to find true owner Becomes an involuntary bailee. Lost - True owner unintentionally misplaces property Mislaid - True owner puts something somewhere and forgets about it Abandoned - owner intentionally and voluntarily relinquishes all legal rights to property with no intention to give rights to any pa...

Primerica-Life Insurance Exam 2024 Stranger-oriented life insurance policies are in direct opposition to the principle of a. law of large numbers b. good faith c. indemnity d. insurable interest - Answer ️️ -d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it violates the principle of insurable interest Which is generally true regarding insureds who have earned preferred status? a. they keep a higher percentage of ...

Aceable Agent Level 2 Question and answer 2023 verifiedSeveralty - correct answer The property has only one owner, whether that is a person, corporation, or other legal entity. ("Severed" from all other owners) Undivided interest - correct answer A type of interest that gives each co-owner the right of possession of the whole property, not simply a portion of it Right of Survivorship - correct answer The statutory principle of survivorship tenancy, which means that when one co-o...

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...

CA PSI Site - Life, Accident and Health Agent Examination (Life Agent) 2024 Admitted Insurance Company vs. Non-Admitted Insurance Company -Answer-An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-admitted insurance company is not authorized to transact insurance in California because of failing to comply with California requirements or did not seek admission...

Admitted Insurance Company vs. Non-Admitted Insurance Company - ANSWERAn admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-admitted insurance company is not authorized to transact insurance in California because of failing to comply with California requirements or did not seek admission Pure Risk vs. Speculative Risk - ANSWERPure risks are insurable but Specula...

BYUI BIO181 Unit 1 Ecology Latest 2023 Rated A+ Organism A living thing Population A group of interbreeding organisms coexisting together (limited by time and location) Natural boundary Mountains, rivers, oceans, etc Artificial boundary mowed grass, man-made structures Community different species within an area and the interactions within and among these species Heterospecifics members of different species Ecosystem All the biotic components in an area with the abiotic components Biome La...

Michigan Life Accident & Health Exam Questions With Verified Answers What is considered to be the primary reason for buying life insurance? - answerProvide death benefits Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Feguson Act, what is the minimum penalty for this? - answer$10,000 or up to 1 year in jail A nonparticipating company is sometimes called a(n) - answerStock insurer, because policyhold...

Escrow Exam Questions And Answers (Verified And Updated) Principle meridian - answerThe north-south lines separating townships 5 ways to acquire property - answerOccupancy Accession Transfer Will Succession Escrow agent - answerany person engaged in the business of receiving escrows for deposit or delivery Metes and bounds - answerA method of land description which involves identifying distances and directions and makes use of both the physical boundaries and measurements of the land...