Rescind - Study guides, Class notes & Summaries

Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions A counteroffer: A. acts as a rejection of the initial offer B. is used to rescind a previously existing contract C. is used only to make an offer contingent on a particular event D. is used when a buyer wants to make an offer where th...

At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer - ANSWER ☑☑D. Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of the agency disclosure until each par...

CA property & Casualty practice exam Questions and Answers 100% Pass Bob is thinking about obtaining insurance because he just found out he needs extensive surgery that will require several days in the hospital. This situation of waiting until the last minute to obtain insurance is known as: - Correct Answer ️️ -Adverse Selection According to the California insurance law, either party may rescind a contract for any of the following reasons EXCEPT: - Correct Answer ️️ - - Correct A...

WA Real Estate Exam Part 2 Questions and Answers 100% AccurateWA Real Estate Exam Part 2 Questions and Answers 100% AccurateWA Real Estate Exam Part 2 Questions and Answers 100% AccurateWA Real Estate Exam Part 2 Questions and Answers 100% Accurate At what point in a transaction must you disclose your agency status in writing? A. at closing B. When first meeting any potential party to the transaction C. Within 24 hours after a party signs an offer D. Before a party signs an offer - AN...

ABANDON CORRECT ANSWER To give up completely Synonyms: relinquish, forgo, forsake ABASH CORRECT ANSWER To lose self-confidence; to confuse, put to shame Synonyms: fluster, disconcert, discomfit, discompose Antonym: (adj.) self-possessed ABDICATE CORRECT ANSWER To give up claim to Synonyms: renounce, abandon, relinquish ABET CORRECT ANSWER To encourage -or support - Synonyms: spur, incite Antonym: deter ABRIDGE CORRECT ANSWER To shorten Synonyms: curtail, diminish, retrenc...

(CH10) A person who is adjudicated insane Correct Answer-has no capacity to enter into a contract. (CH10) Harry offers in writing to sell Lynn Blackacre. Lynn accepts, thinking that the offer refers to Greenacre. In fact, Harry made the offer thinking that it referred to Greenacre. Either party may rescind the contract because Correct Answer-both parties had a mistaken belief about a material matter in the contract. (CH10) Pamela contracts with Bronwyn to build a house. Pamela specifies in...

Bob is thinking about obtaining insurance because he just found out he needs extensive surgery that will require several days in the hospital. This situation of waiting until the last minute to obtain insurance is known as: correct answer: Adverse Selection According to the California insurance law, either party may rescind a contract for any of the following reasons EXCEPT: correct answer: correct answer: One party intentionally omits information from the other party. correct ans...

Rockwell Real Estate Exam WA 2 Questions and Answers Already Passed A bathroom contains a toilet, a sink, and a stand-up shower. This would be considered a: A. one-quarter bath B. half bath C. three-quarter bath D. full bath C. three-quarter bath A bathroom with sink, toilet, and stand-up shower is a three-quarter bath A conventional loan can be: A. an ARM B. a 15-year loan C. a 30-year loan D. All of the above D. all of the above A conventional loan is one that is not i...

According to the California Insurance Code, what is "insurance"? - A contract Which of these statements correctly describes risk? - Pure risk is the only insurable risk Only pure risks are insurable Which of the following does NOT have to be included on life insurance policy illustrations? - Statement that all values and benefits are guaranteed An agent's attempt to stop the replacement of an existing life insurance policy is known as - conservation If a material warranty violation on ...

PSI: Life, Accident, & Health Exam Questions & Answers (Complete Solutions)-What happens under a misstatement of age clause on a disability policy? 1. The policy would be terminated and all premiums would be returned to the policy owner. 2. The policy would be terminated and all premiums would be retained by the insurance company. 3. All amounts payable under this policy shall be what the premium originally would have purchased and been paid at the correct age. 4. Prior to any benef...