Intangible rights Study guides, Class notes & Summaries

Loss exposure Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Cause of loss (peril) The actual means by which property is damaged or destroyed. Property loss exposure A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taken, or loss of use) to property in which that person or organization has a financial interest. Real property (r...

Land - Answer-The physical property and any natural objects on it - like trees and bodies of water, often referred to as a "lot', "site", or "parcel". Real estate - Answer-generally refers to land with permanent manmade improvements. Real property - Answer-refers not only to the land and its improvements, but also the bundle of rights, powers, and privileges ("bundle of rights") that are legally connected to ownership of that land. Transferred by deed. Tangible rights - Answer-b...

. An "artificial being, invisible, intangible, and existing only in contemplation of the law" is the legal definition of a A. corporation. B. franchise. C. partnership. D. sole proprietorship - ANSWER-Corporation. Forming a corporation is like creating an independent entity that will be treated as a person with legal rights, duties, and powers. It can borrow or loan money, buy and sell goods, make contracts, sue or be sued, and perform other business activities. A franchise is a c...

(Answered) PSI Real Estate Exam - Property Ownership Real Property (realty) land along with improvements, things attached to it, and the benefits, rights, and interests included in its ownership. Real Estate synonymously used with real property; but includes real and personal property. Land earth's surface, subsurface to the center of the earth, the space overhead, and the rights to each. Rights: common rights in land; surface rights, subsurface rights, mineral rights, water rights, air righ...

REE 3043 REVIEW QUESTIONS WITH REVISED CORRECT ANSWERS Nonrecurring Expenses - Answer-Leasing commissions, tenant improvements, retenanting expenses A project's NOI is calculated by: - Answer-deducting all expenses and allowances from the property's effective gross income The capitalization rate found by dividing the NOI of a property by its selling price takes into account investor's future cash flows - Answer-true The allowance known as the reserve for replacements and other nonr...

The relationship between an SPO and a test question is, - ANSWER• The test question must respond directly to the SPO and for every SPO there is a test question. The ultimate reason for law enforcement training is - ANSWER• To be able to protect the life and property of yourself and the public. The term role is defined as, - ANSWER• Characteristics and expected social behavior of an individual. • Those behaviors typically performed by an individual in a particular situation or occu...

LEGL Test #3 Chapters 7,10,11,13 Questions and Answers property law - Answer ️️ The law of the legal fence that establishes exclusive right in someone called an owner. What rights does property law convey? - Answer ️️ - build on it - exclusive possession - sell it - grow things (crops and animals) - easements - lease/ rent - run a business - privacy - offer as collateral how do you acquire property? - Answer ️️ - accession - buy it - inheritance - trade - gift - law ...

Secured Transactions - Source of Law? Ans- UCC Article 9 What is a secured transaction? Ans- A business deal, generally a loan of money given in exchange for a security interest in personalty (personal property). If borrower doesn't repay, lender can sell the asset to pay off borrower's debt. Types of Collateral (4) Ans- 1. Tangible 2. Consumer Goods 3. Rights in Real Property 4. Intangible Tangible Collateral (3) Ans- 1. Inventory 2. Equipment 3. Farm Products Inventory Ans-...

Module 1: Hawaii Pre-Licensing Real Estate Class Questions and Answers 100% Pass In real estate, the term improvements most nearly means: A) Fences, wells, drains and roadways. B) Additions to the original structure. C) Everything artificial or constructed except the land. D) Upgrades to the interior. - Correct Answer ️️ -C) Everything artificial or constructed except the land. All real estate except land. Includes buildings, fixtures, fences, curbs, sewers, etc. A riparian owner is...

RECA Unit 4 Quiz Latest Update 100% Pass Which of the following is an example of an encumbrance on the title? 1. An easement 2. A caveat 3. An encroachment agreement 4. A discharge of registration A) Statements I, II, and IV B) Statements I, II, and III C) Statements II, III, and IV D) All statements apply B The municipal Land Use Bylaw outlines which of the following items? A) Details regarding the various land use classifications B) Permitted land uses and guidelines for...