Promissory note Study guides, Class notes & Summaries

OHIO NOTARY EXAM QUESTIONS AND ANSWERS 100% PASS LIST THE 4 POWERS OF A NOTARY ADMINISTER OATHS; TAKE & CERTIFY ACKNOWLEDGEMENTS; TAKE & CERTIFY DEPOSITIONS; & RECEIVE, MAKE & RECORD NOTARIAL PROTESTS WHAT IS THE TERM OF A NOTARY? 5 YEARS WHERE DO NOTARIES GET SWORN IN & WHAT IS THE CLERK FEE? CLERK OF COURTS / $5.00 STATUTE FOR PENALTY OF NOTARY ACT AFTER EXPIRED COMMISSION 147.10 Notary public acting after commission expires. No notary public shall do or perform any act as a notary public k...

Wrongful or criminal deception intended to result in financial or personal gain is called: - Answer- fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer- 90 days __________ extend above the surface without limitation. - Answer- air rights An example(s) of an appurtenance would be: - Answer- easements There is no upper limit on the value of a Texas homestead. - Answer- true A(n) __________ is one that combines some of ...

Promissory Note correct answers A written agreement to repay a debt Who is the maker of the note in a promissory note? correct answers The debtor Who is the payee of the note in a promissory note? correct answers The creditor Who is a holder in due course? correct answers One who gets payments Who is the mortgagor? correct answers Borrower Who is the mortgagee? correct answers Lender In Alabama, who has the title until the debt is paid? correct answers The mortgagee Deed of ...

Escrow Sample Test Questions and Answers Rated A An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. A, B, C, E When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instructions require recording...

What is the form you sign that says you will pay the loan back ? -ANSWER promissory note What is the post licensing grace period after first expiration ? -ANSWER none Deposits is a form of... -ANSWER valuable consideration Physical land and improvements -ANSWER real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both -ANSWER Yes What is the maximum fine per offense ? -ANSWER $5,000 per fi...

Gold Coast Final Exam Questions and Answers 100% Solved What is the form you sign that says you will pay the loan back ? promissory note What is the post licensing grace period after first expiration ? none Deposits is a form of... valuable consideration Physical land and improvements real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both Yes What is the maximum fine per offense ? $5,000 per fine...

Ratification, Estoppel, agreement are all correct An agency relationship may be created by: correct answer: Ratification, Estoppel, agreement are all correct Failure to perform any of the terms or conditions of a contract is called correct answer: Breach A licensed real estate broker is successful in securing a buyer for a property who is ready, willing, and able to buy. The offer is accepted and signed by both parties and escrow is opened. During the escrow period, the TITLE compan...

BLAW 3310 - Exam 3 Review Test Bank, Complete solution guide: Latest Guide-1. Every year, creditors have to absorb in unpaid debt: a. about $100 million b. about $5 billion c. over $20 billion d. less than $5 million e. about $20 million ANSWER: c (page 331) National: AACSB Analytic; AICPA BB-Legal 2. Every year, creditors have to absorb in unpaid debt: a. about $10 million b. about $1 billion c. about $20 million d. about $50 million e. none of the other choices are correct AN...

In Washington, a person liscensed to act on behalf of a real estate brokerage is called a/an: - Answer- affiliated licensee When a licensee is terminated, the date of termination is the: - Answer- postmark date or the date the license is hand-delivered to the DOL J is selling real estate without a license, J is guilty of a: - Answer- gross misdemeanor S's license is temporarily suspended by the Director for a violation of the license law. S is also fined $500. The money collected as a ...

Guarantee Correct Answer-A promise made by one party to share responsibility for the debts of another party Mortgage Correct Answer-An interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt Promissory note Correct Answer-A promise or an engagement in writing to pay a specified sum at a time therein stated or on demand or at sight to a person named therein Debtor Correct Answer-One who owes a debt Payee Correct Answer...