Debt-Creditor Relationship
Debt
What is money or good owed by one party (debtor) to another (creditor)
Real Property
what is land or anything attached to it
Donor
What is someone who gives something
Check
what is a draft drawn on a bank that is used to make payment to another
Guaranty
What is a promise to answer for a debt
Deed
What is legal instrument that transfers ownership of real property from grantor to the grantee
Hotelkeeper
What is an operator of a hotel, motel, or tourist home
Post Dated
What is a later date shown on a check from the actual date of execution
Intoxication
What is a person who is intoxicated and unable to understand the contracts may have the contract voided
Easement
What is the right to use land for a specific and limited purpose without owning the land
Escheat
What is the state taking property upon an owners death if there is no will or heirs
Stale Check
What is a check that is more than 6 months old
Duty of Obedience
What is the agent following the principal's lawful instructions
Fixtures
What is personal property that has been attached to the property (plumbing, lighting)
Inter vivos gifts
What is a gift made by a person during his/her lifetime
Certified Check
Odometer fraud
What is the illegal act of tampering with a vehicles odometer to misrepresent the actual mileage of the vehicle
What is the landlord's obligation to maintain the premise in habitable conditions, including common areas
Article 2
What is a section of the uniform commercial code that governs contract for sale of goods
Bad Check Laws
What is it a criminal offense to issue a bad check with intent to defraud