Question

Indicate whether the statement is true or false

Answer 1

False

Answer 2

Answer: B. Thirty-five

Answer 3

Answer: D

Answer 4

False

A mortgage is a contract that involves the transfer of an interest in real estate and, as such, it must be in writing.

Answer 5

True

Answer 6

Answer: True.

Answer 7

False

Answer 8

Answer: C

Answer 9

Answer: A

Answer 10

Answer: b. false

Answer 11

Answer: B. The Veteran remains liable for payments unless released by the lender and VA.

Answer 12

The federal government has the exclusive right to regulate all foreign commerce of the United States and all aspects of interstate commerce when there is an essential need for nationwide regulation. Thus, if Congress enacts valid legislation dealing with foreign or interstate commerce and state law conflicts with that legislation, the state law will be unconstitutional. In such cases, the state law is said to be expressly preempted. State legislation may also be preempted when Congress has demonstrated an intent to exclusively regulate an entire regulatory area. Accordingly, pervasive regulation of an activity by the federal government may prevent state regulation through implied preemption.

Answer 13

a. Modification of a contract involving the sale of real estate

Answer 14

.C

Answer 15

True

Answer 16

True

Answer 17

false

Answer 18

B

Answer 19

True

The UCC is a model set of laws designed to govern almost all commercial transactions.

Answer 20

d

Answer 21

True

Answer 22

Answer: B

Answer 23

False

Answer 24

e

Answer 25

The organization has violated the Endangered Species Act. Under the act the Secretary of the Interior can list any species as "endangered," that is, "in danger of extinction throughout all or a significant portion of its range," except for certain insect pests. ("Threatened" species are also protected.) In determining the factors of endangerment, the secretary must consider the destruction of habitat, disease or predation, commercial and recreational activity, and "other natural or manmade factors." Within a year of listing an endangered species, the secretary is required to define the "critical habitat" of the species, which is the area with the biological or physical features necessary to species survival.