Defaulting - Study guides, Class notes & Summaries

AFSB 151 Final Exam|Complete With A+ Graded Answers A surety bond is a written document in which one party guarantees a second party's Performance to a third party for the second party's failure to fulfill an obligation. Which one of the these groups, for the most part, serves the market for fidelity and surety bonds in the United States? Multiline property-casualty insurers Sureties use what written document to authorize a producer to act as the surety's agent in bond production...

Real estate has been estimated to represent approximately - ️️one-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-based economy. - ️️primary Texas is a: a. Lien Theory b. Title Theory - ️️a. Lien Theory Lien Theory - ️️In lien theory states such as Texas, the security for a mortgage is a lien pl...

Texas Real Estate Commission - ANSWER-Created by the legislature in 1949 to carry out the provisions of TRELA Unauthorized Practice of Law - ANSWER-When license holders add provisions to contracts that go beyond the factual business details they are engaging in.. Deceptive Trade practices act - ANSWER- Real Estate Recovery Trust account - ANSWER-Administered by TREC, the purpose of the account is to protect aggrieved individuals who suffer a monetary loss due to illegal acts of license ...

Financial capital correct answers Money - used for purchase of real capital Real capital correct answers Long term plant and equipment Capital structure theory correct answers Study of the relative importance of debt and equity Inflation correct answers Increasing prices - a key variable in financial decisions Slowing down of price increases. Effects = significant to financial managers and have become more important in decision making regarding financial forecasting, required rate...

A written contract is defined as a document upon which has been printed all of the terms and conditions of the parties' agreement. - ️️F A quasi contract may be imposed by the Court upon the parties to a contract in order to prevent one party from being unjustly enriched to the dteriment of the other party. - ️️T A voidable contract is one which the Court will refuse to enforce against the defaulting party. - ️️F The Court may refuse to enforce a contract if the contract is...

Default of Contract - ANSWER When a party to a contract fails to perform under the contract, also known as breach of contract. Buyer Default(Remedies) - ANSWER In the event of default by the buyer, the seller may have several options which include: -Liquidated Damages -Monetary Damages -Specific Performance Liquidated Damages - ANSWER The seller can choose to accept the buyer's earnest money as liquidated damages, releasing all parties from any further obligation under the contract. ...

Real estate has been estimated to represent approximately - Answer-one-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-based economy. - Answerprimary Texas is a: a. Lien Theory b. Title Theory - Answer-a. Lien Theory Lien Theory - Answer-In lien theory states such as Texas, the security for a mortgage is a lien place...

Chapter 4 National Real Estate Exam Prep (Champions School of Real estate)Latest Update Graded A+ Express contract Contract that is written or stated Implied contract Contract by actions or evidence Unilateral Contract binds only one party. Example an option Option contract The right to purchase property within a definite time at a specified price Bilateral contract Exchange of promises, binds both parties. Required elements of a contract 1. Competent parties 2. ...

Financial Markets - People save money that they don't intend to spend anytime soon Businesses need money to finance capital investment The purpose of financial markets is to match up savings with investment Banks are the primary financial institutions that seek to match up savings with investment Capital Investments - Capital investment allows a country to produce more goods and services Bond Market - To raise the money, it may issue bonds Principle is what you pay to get the bond; the co...

AFSB 151 FINAL EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ A surety bond is a written document in which one party guarantees a second party's - -Performance to a third party for the second party's failure to fulfill an obligation. Which one of the these groups, for the most part, serves the market for fidelity and surety bonds in the United States? - -Multiline property-casualty insurers Sureties use what written document to authorize a producer to act as the surety's agent in bond ...