What is chattel - Study guides, Class notes & Summaries

RFBT Contract of Sales Test Bank/268 Questions and Answers 100% Correct RFBT Contract of Sales Test Bank/268 Questions and Answers 100% Correct COVERAGE: Contract of sales Direction: Read and select the best answer for the following questions. 1. It is a contract whereby one of the contracting parties, known as the seller or vendor, obligates himself to transfer the ownership of and to deliver a determinate thing, and the other party, known as the buyer or vendee, obligates himself to pa...

Dr. Dan accidentally left a scalpel in Paul Patient during Paul's operation, causing Paul much pain and necessitating additional surgery. Paul's lawyer will most likely use the special doctrine of ____________when he sues Dr. Dan for negligence. Negligence per se Res ipsa loquitur Superseding cause Contributory negligence - ️️Res ipsa loquitur What is the primary purpose of tort law? Punish wrongdoers Compensate victims for their losses Support society by fining wrongdoers C...

Notary Final Exam Questions and Answers 100% Pass Total Commission fee for appointment of notary public - Correct Answer ️️ -$60 ($20 for filing oath of office - which goes to county clerk) and $40 for appointment (which goes to secretary of state) Change of name or Address - Correct Answer ️️ -$10 Duplicate Identification Card - Correct Answer ️️ -$10 Filing Certificate of official character - Correct Answer ️️ -$10 Issuance of Certificate of official character - Correct...

What are the two types of freehold estates? - ANSWER-1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? - ANSWER-An estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your lifetime? When you die, the property reverts back to original estate owner. - ANSWER-a life estate The rights of tenants who rent or lea...

GEORGIA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. Deed - -Document used to transfer title. Title - -Land+ deed, (who are the owners and what are their rights?) Real Estate - -Land+appurtenances (right or improvement attached to the land) Two types of characteristics of land: - -Physical & economic What are the physical characteristics of land? - -Immovable, indestructible,unique(non-homogenous) What are the economic characteristics of land? - -Scarcity, improvab...

MIE 305 Final Exam Study Guide with Complete Solutions Possession Bundle of Right that is the right to claim title over the property, one exerts dominion and ultimate power over it Control Bundle of Right that is the right to decide how the property is to be used, or employed Enjoyment Bundle of Right that is the means by which the rights-holder can decide how to use the property. Others can violate this through the law of nuisance. Exclusion Bundle of Right that gives the righ...

Pearson Vue Exam Questions and Answers 100% Pass Real property interests include... - Answer- an appurtenance that goes with the land. Examples: buildings, fences, trees, water rights, the ground below, mineral rights, air rights, easements What is a form of ownership that is restricted to husbands and wives? - Answer- Tenancy by the entirety. Each owns the entire parcel. Neither can separately convey and interest during the other's life time. On the death of a spouse, the survivor owns...

MIE 305 Exam 3 Latest Update with Verified Solutions Bundle of Rights sticks metaphor owner = entire bundle of sticks renter = only a few sticks possession, use, control, exclusion, transfer Property Rights the legal rights that a person has over a piece of real property Real Property The legal interests in land and things attached to or growing on land ex: part of the earth’s surface, buildings, fences, and trees used to describe the legal rights that a person can have i...

Notary 2023 Practice Test Questions With All Correct Answers Acknowledgement - CORRECT ANSWERS declaration that is made before an official (notary) under the free act/deed he did execute the instrument Administrator - CORRECT ANSWERS admin of the state is appointed by the court that empowers him to manage affairs of the dead. What does the court do when a person dies without leaving a will - CORRECT ANSWERS The court ap...

Champions Real Estate - Principles 1 Exam 2024 Already Passed brokerage the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transaction may or may not involve agency relationships The role of a property manager Generally responsible for the day to day operations of the property, maintenance, and tenant relations How are home inspectors licensed? Home inspectors are licensed in Texas by TREC. Real ...