Part I. Terms. Identify Ten $(10)$ and only Ten $(10)$ terms. $(30$ points$)$

Title free from reasonable doubt as to who is the owner

Right of government to take privately help land for public use, provided fair compensation is paid

$q,$

Listing giving broker right to collect a commission regardless of who sells the property during the listing period.

$$

Largest, most complete bundle of rights one can hold in land.$\_$

An object that has been attached to land so as to become real estate

Anything of value given to induce another to enter into a contract

All perils, except those excluded in writing, are covered $$

Land and improvements in a physical sense, as well as rights to own or use them

An amount of money specific in a contract as compensation the paid if the contract is not satisfactorily completed. $$

Notice given by public records and visible possession with the legal presumption that all persons are notified

$q,$

Legal instrument used to convey whatever title the grantor has, containing no covenants, warranties or implications of the grantor's ownership. $q,$

Act intended to deceive for the purpose of inducing another to give up something of value $$

Part II$.$ Answer whether each statement is either true or false. $(20$ points$)$

The Extended coverage rider or endorsement to a New York standard form of fire policy offers the maximum form of insurance protection over the Causes of Loss $($All Risk or Special Forms$)$ type policies. $$

A contract will still be valid, even though its enforcement may now be barred by the statute of limitations or doctrine of laches $($unreasonable delay$).$

The courts may refuse to enforce a validly signed contract if circumstances change after contract execution and the result would be a substantial hardship to compel performance.

A broker may not legally split a commission with a "finder" or other persons without a broker's license even when these persons are the "procuring cause" of a transaction. $$