Mastersgrade

A promissory note is: a. evidence of the debt b. evidence of a sale c. a security interest in the property for the lender d. the same as a mortgage or trust deed - ANSWERa. evidence of the debt In order to be considered an emancipated minor and have the capacity to contract, a minor must: a. be married, widowed, or divorced; have entered military service on active duty; or have received a declaration of emancipation from a court b. just state that he is an emancipated minor c....

lease - ANSWERSAn agreement transferring the right to exclusive possession and use of real estate for a definite period of time. To create a valid lease, the landlord (lessor) must grant the right of possession to the tenant (lessee) but retain the right to retake possession after the lease term expires. leasehold - ANSWERSThe right to hold or use property for a fixed period of time at a given price, without transfer of ownership, on the basis of a lease contract. A leasehold is a fixed asset...

Agency is referred to as the relationship between the agent and his principal. All of the following statements are correct about agency, except that: A agency may be an expressed contract. B the principal must pay money to the agent to create an agency relationship. C agency may be an implied contract. D the agreement may be in writing or oral - ANSWERSthe principal must pay money to the agent to create an agency relationship. Which of the following is closest to the same relationship a...

Contract - ANSWERan agreement between parties creating obligations enforceable by law Express Contract - ANSWERis written or expressly stated Implied Contract - ANSWERCreated by action or evidence Unilateral Contract - ANSWERbinds one party Bilateral Contract - ANSWERan exchange of promise that binds both parties Items needed for a valid contract: (COLIC) - ANSWERConsideration Offer and Acceptanceterm-5 Legal parties In Writing Competent Parties Consideration: - ANSWERwhat ...

You see a flashing yellow traffic signal at an upcoming intersection. The flashing yellow light means : - ANSWERSSlow down and cross the intersection carefully. A solid yellow line next to a broken yellow line means that vehicles: - ANSWERSNext to the broken line may pass. You are approaching a railroad crossing with no warning devices and are unable to see 400 feet down the tracks in one direction. The speed limit is: - ANSWERS15 mph When you are merging onto the freeway, you should be...

You may drive off the paved roadway to pass another vehicle - ANSWERSunder no circumstances You are approaching a railroad crossing with no warning devices and are unable to see 400 feet down the tracks in one direction. The speed limit is - ANSWERS15 MPH When parking your vehicle parallel to the curb on a level street your wheels must be within [blank] inches from the curb - ANSWERS18 When merging onto the freeway, you should be driving - ANSWERSat or near the same speed as the traffic...

You may drive off of the paved roadway to pass another vehicle -ANSWERS Under no circumstances You are approaching a railroad crossing with no warning devices and are unable to see 400 feet down the tracks in one direction. The speed limit is -ANSWERS 15 mph When parking your vehicle parallel to the curb on a level street -ANSWERS Your wheels must be within 18 inches of the curb When merging onto the freeway you should be driving: -ANSWERS At or near the same speed as the traffic on t...

It is illegal for a person 21 years of age or older to drive with a blood alcohol concentration (BAC) that is ______ or higher. - ANSWERS0.08% - Eight hundredths of one percent You must notify DMV within 5 days if you... - ANSWERSSell or transfer your vehicle A pedestrian starts to cross the street after the "Don't Walk" signal begins to flash. The pedestrian is in the middle of the street when your signal light changes to green. You should: - ANSWERSWait until the pedestrian crosses th...

When driving in fog, it is best to drive with - ANSWERSLow beam headlights You may drive off of the paved roadway to pass another vehicle: - ANSWERSUnder no circumstances. When you are merging onto the freeway, you should be driving: - ANSWERSAt or near the same speed as the traffic on the freeway. When driving in fog, you should use your: - ANSWERSLow beams A school bus ahead of you in your lane is stopped with red lights flashing. You should: - ANSWERSStop as long as the red lights...

You may drive a motor vehicle in a bike lane - ANSWERSNo more than 200 feet before making a right turn You drive defensively when you: - ANSWERSKeep your eyes moving to look for possible hazards. When driving in fog, you should use your: - ANSWERSLow beams When driving in fog, you should: - ANSWERSSlow down and use your low beam headlights This yellow side means: (Yellow diamond with an arrow pointing up and another right curved lane intersecting) kinda looks like a Y upside down - A...