How may a principal-agent relationship terminate?
What will be an ideal response?
By a specific termination date, by the death or destruction of the subject matter, by the death
or insanity of the parties, or by act of the parties.
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A __________ transfer is a transfer of an asset or property for little or no payment or consideration that is made to avoid an obligation to a creditor.
Fill in the blank(s) with the appropriate word(s).
________ involves direct and mandatory regulation, by the state, of an occupational or professional group.?
A. ?Regulation B. ?Licensing C. ?Accrediting D. ?Authorizing
"BI" coverage protects the insured from claims made against the insured for:
a. Property damage claims. b. Personal injury claims. c. Business interruption loss claims. d. None of the above.
A legal document such as a deed, or property such as money, held by a person not a party to the real estate transaction is a(n):
a. Trust account b. Closing c. Recordation d. Escrow