Encumbering - Study guides, Class notes & Summaries

Xcel solutions final exam Maryland Life and health questions and answers 100% pass What is normally the consequence for NOT obtaining preadmission certification prior to receiving inpatient medical care? A reduction in benefits A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a Risk retention group During the application process, a statement made by an applicant that becomes part of the contract is considered to be a(n) Warrant...

Real Estate Test Exam Illinois 2024. implied agency - ANSWER legal finding that your behavior implied a legal relationship (intent) express agency - ANSWER no ambiguity in behavior. explicitly define legal relationship real estate - ANSWER = land + improvements (any addition to land, regardless of aesthetics) real property - ANSWER = interest benefits and rights that go with land real estate (belongs to deed holder) appurtenance - ANSWER - anything associated with a property, includ...

Real Estate Exam Illinois (2022/2023) Rated A+ implied agency legal finding that your behavior implied a legal relationship (intent) express agency no ambiguity in behavior. explicitly define legal relationship real estate = land + improvements (any addition to land, regardless of aesthetics) real property = interest benefits and rights that go with land real estate (belongs to deed holder) appurtenance - anything associated with a property, including rights and improvements property rights...

Which of the following is NOT required for a deed to be valid? 1. Delivery 2. Acceptance 3. Conveyance 4. Recordation correct answers 4. Recordation While recording a deed does not affect its validity, it is extremely important to record since recordation protects the grantee. If a grantee fails to record, and another deed or any other document encumbering or affecting the title is recorded, the first grantee is in jeopardy. Habendum Clause correct answers "to have and to hold" langu...

implied agency - legal finding that your behavior implied a legal relationship (intent) express agency - no ambiguity in behavior. explicitly define legal relationship real estate - = land + improvements (any addition to land, regardless of aesthetics) real property - = interest benefits and rights that go with land real estate (belongs to deed holder) appurtenance - - anything associated with a property, including rights and improvements property rights - DEEPC: Disposition, Enjo...

Utah Life, Health, and Accident Insurance Latest 2024 Graded A+ mode Refers to how often a premium is paid. coinsurance the insurer and the insured share expenses over the deductible. participating policies participating policies pay dividends non-participating policies non-participating policies do not pay dividends LTC Rider reimburses Health and Social Service expenses incurred in a convalscent or nursing home facility ownership rights vest ownership rights EG the right to...

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...

notice of claim - must be given to the insurer with in 20 days after the occurrence or commencement of any loss covered by the policy, or as soon thereafter as reasonably possible. conditional receipt for renewal - when the premium is paid after the time granted by the insurer the maximum amount of time for reinstatement of the policy is 45 days participating policies - participating policies pay dividends non-participating policies - non-participating policies do not pay dividends LTC Rid...

Constructive eviction - ANSWER Acts done or not done by the landlord which materially disturb or impair tenants occupancy so as the tenant is forced to leave Surrender and acceptance - ANSWER Mutual agreement to terminate lease The residential landlord and tenant act - ANSWER Covers leased structures used as home, residence or sleeping place. EXCLUDES nursing homes, lease to own, dorms, frats, resident managers homes Law of agency - ANSWER Statutory law controlling the rights and duties...