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Quiz____?Which of the following liens is both general, involuntary, and statutory? Which lien is specific, voluntary, and equitable? - Answer✓✓ Income Tax Lien; Mortgage Lien
Quiz____?What are the types of legal life estates? - Answer✓✓ Dower, a wife's interest in the husband's property; Curtesy, a husband's interest in a wife's property; and Homestead, protection against unsecured debts for the party who did not sign for the loan.
Quiz____?Due to the subdividing of lots on the lake, Jim's property is surrounded on three sides by Louise's property. The only other boundary is the lake. Jim can only get to his home by driving up Andrea's driveway and behind her lake home to get to his own. How was the easement in this situation created? - Answer✓✓ Necessity
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2 Quiz____?Along a non-navigable stream, does an owner own the land, the water, both, neither? What is this right? - Answer✓✓ The owner owns the land to the center of the stream and the government owns the water.It is a Riparian Right.
Quiz____?Which are the four elements required for a valid contract? - Answer✓✓ Legally Competent Parties; Offer and Acceptance; Consideration; and Legality of Object
Quiz____?Which of the following is not a fourfold unity? - Answer✓✓ Vesting
Quiz____?When is a real estate licensee considered a creditor? - Answer✓✓ If the licensee routinely assists sellers in determining whether a proposed buyer in a land contract or purchase-money mortgage is creditworthy.
Quiz____?Ensuring consumers are fully informed of all finance changes and aware of the true annual interest rate are requirements of which regulation? -
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