Don't give answer in image Grades3Which of the following is a requirement that leased premises be fit for ordinary residentialpurposes?O Warranty of residenceO Contract of residenceO Covenant of quiet enjoymentO Agreement of acceptabilityO Implied warranty of habitability

Warranty of residence - This option is incorrect because "warranty of residence" isn't a recognized…

Answered: Grades 3 Which of the following is a…

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

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Chapter15: Property Transactions: Nontaxable Exchanges

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Exercise Content Please provide a brief answer to each of the following questions: 1. What is the warranty of merchantability? 2. What is the warranty of fitness for a particular purpose? 3. What is a disclaimer? 4. What are the different ways in which personal property can be obtained? 5. What is abandonment? 6. What is a bailment?
3344 An insured who wants to verify the deductible on Section I of their Homeowners policy should look at which of the following sections of the policy? a. declarations b. insuring agreements c. conditions d. limitations
The standard homeowners policy contains both property and liability coverages. True or False
A loan to purchase real estate in which the real estate itself serves as collateral is a ____ loan. a. homeowner's b. real estate c. mortgage d. property
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b. The rent is treated as a liability because it is unearned. The rental agency owes the tenant the use of the property until the end of the term of the agreement. The rent should be recognized as income over the period covered by the rent.
MI U. Sanquilatie en is best describes... An equitable lien is best describes by which of the following statements? 44,362 Multiple Choice It is a claim to property by a real estate broker to secure payment of a commission. It is a claim on property either created by a sales contract or imposed by a court in the interest of fairness. It is the lien of a judgment creditor that arises when a motion for a new trial has been denied. It is a claim to property by implication of the law rather than statute. MAR
Answer to following multiple choice questions? 6. Murabaha is a ___________ based contract. a. Agency b. Partnership c. Rental d. Sale 7. Which of the following is not a correct statement about the lease rentals? a. It should be fixed for the entire lease period b. Fixing is not allowed in any case () c. It can be tied up to a known benchmark acceptable to both the parties d. It can be fixed on periodic basis but periodic increment should be agreed upon 8. Two or more persons are the joint owners of an asset and they have no intention of the business based on this partnership. This type of shirkat is called a. Shirkat-ul-Mufawada b. Shirkat-ul-Amwal c. Shirkat-ul-Aamal d. Shirkat-ul-Inan e. Shirkat-ul-Wujooh f. Shirkat-ul-Milk 9. When is the title of the asset transferred in Ijarah (Al-Muntahiyah Bit Tamleek) to the client? a. At the end of lease if client…
The requirement of a real estate property manager to act in the best interests of the landlord when dealing with a tenant is termed: O Due process O An implied responsibility of the employment contract O An associate responsibility O A fiduciary responsibility
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Generally accepted accounting principles require that certain leaseagreements be accounted for as purchases. The theoretical basis for thistreatment is that a lease of this type A. Effectively conveys all of the benefits and risks incident to the ownership of property B. Is an example of form over substance C. Provides the use of the leased asset to the lessee for a limited period of time D. Must be recorded in accordance with the concept of cause and effect
Match the words with the term. Question 4 options: one who pays to use an asset agreed commitment purchase cancelable upon notice one who lends an asset 1. lessee 2. sale and leaseback 3. financial lease 4. operating lease 5. lessor

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Grades 3 Which of the following is a requirement that leased premises be fit for ordinary residential purposes? O Warranty of residence O Contract of residence O Covenant of quiet enjoyment O Agreement of acceptability O Implied warranty of habitability