Unknown 6

What are casement windows?

• Frames of wood or metal which swing outward.

• Frames of wood or metal which slide upward.

• Frames of wood or metal which are fixed.

• Frames of wood or metal which swing inward.

What is a chose in action?

• A personal right to something not presently in the owner’s possession, but recoverable by a legal action for possession.

• A personal right to something currently in the owner’s possession.

• A personal right to something that cannot be legally recovered.

• A personal right to something that is permanently lost.

What is commercial paper?

• Negotiable instruments such as promissory notes, letters of credit and bills of lading.

• Non-negotiable instruments such as checks and drafts.

• Legal documents such as deeds and titles.

• Informal notes and memos.

What is common law?

• The body of law that grew from customs and practices developed and used in England.

• A set of written laws enacted by a legislative body.

• A collection of international treaties and agreements.

• A modern legal system based on scientific principles.

What is an implied contract?

• An agreement that has not been put into words, but is implied by the actions of the parties.

• A written agreement signed by both parties.

• A verbal agreement explicitly stated by both parties.

• A contract that is legally void.

What is the ownership of an interest in a particular parcel of land by more than one person called?

• Cotenancy

• Encumbrance

• Devise

• Default

Who is a member of the American Society of Real Estate Counselors?

• CRE

• DEBT

• DEED

• DRAW

What term describes the giving of land by its owner to a public use?

• Dedication

• Discount

• Devise

• Default

What is the term for limitations in the deed to a property that dictate certain uses?

• Deed Restrictions

• Encumbrance

• Cotenancy

• Devise

What is the term for a person against whom legal action is initiated?

• Defendant

• CRE

• DEBT

• DRAW