Which of the following would be revealed by a title report?
A. Name of current record title holder
B. Status of taxes
C. List of all easements, covenants, and restrictions
D. None of the above
E. All of the above
Answer: E
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The bundle of obligations the personal representative is responsible for is often called:
a. Collective responsibilities b. Responsibilities in total c. Executor duties d. Fiduciary duties
While the estate is being administered, the personal representative has the responsibility of making certain the estate’s assets produce _____________ and do not lose value.
Fill in the blank(s) with the appropriate word(s).
Inherent authority allows the agent toexceedthe authority of the principal
A. when good opportunities arise. B. for that whichisreasonablynecessary to accomplish the object of the agency. C. only when specificallygranted permission in advance. D. None ofthe above.
Consideration consists of
A. a benefit. B. a detriment. C. all of the above. D. none of the above.