Jimbo Signs a Real Estate Contract with Nelson in Which

question 6

Multiple Choice

Jimbo signs a real estate contract with Nelson in which he promises to provide evidence of a marketable title at the closing.At the closing, Jimbo fails to provide it, but Nelson, anxious to move into his new home, completes the transaction anyway.The deed did not mention any duties or covenants, including a duty to provide evidence of marketable title.Later, it is discovered that Nelson's land is subject to an unrecorded easement that seriously diminishes the property's value.In this situation:

• A)Jimbo must pay Nelson damages since he did not deliver a marketable title.
• B)Nelson can successfully sue for a breach of the implied warranty of habitability since the land is not as habitable as he thought it would be.
• C)Under the "merger rule," Jimbo's promise merged with the deed and so now only the provisions contained in the deed are binding on the parties.
• D)Jimbo's promise would be unenforceable under most states' Marketable Title Acts.

Understand the president's role as an economic manager, including the constraints and requirements for effective economic policy-making.

Explore the characteristics and conditions that contribute to a president's effectiveness as an agent of political change.

Understand the fundamental principles of classical conditioning.

Recognize examples of operant conditioning and its schedules of reinforcement.

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Definitions:

Sensory Memory

The shortest-term element of memory that allows for the ability to retain impressions of sensory information after the original stimuli have ended.

Long-term Memory

A type of memory in which information is stored for an extended period, potentially for a lifetime, and includes facts, experiences, and skills.

Capacity

The highest limit something can hold or generate, or the capability to execute, grasp, or soak up something.

Memory

The mental process enabling us to record, preserve, and recall past information.