Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

KRI > Unit 3 - Interests In Real Estate > Flashcards

Unit 3 - Interests In Real Estate Flashcards

1
Q

Condemnation

A

A judicial or administrative proceeding to exercise the power of eminent domain, through which a government agency takes private property for public use and compensates the owner.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Covenants, conditions & restrictions (CC&Rs)

A

Private agreement that affect land use. They may be enforced by an owner of real estate that benefits from them and can be included in the seller’s deed to the buyer.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Deed restrictions

A

Clauses in a deed limiting the future users of a property.

Deed restrictions may impose a vast variety of limitations and conditions — for example, they may limit the density of buildings, dictate the types of structures that can be erected, or prevent buildings from being used for specific purposes or even from being used at all.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Easement

A

A right to use the land of another for a specific purpose, such as for a right-of-way or utilities; an incorporeal interest in land because it does not include the right of possession.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Easement by necessity

A

An easement allowed by law as necessary for the full enjoyment of a parcel of real estate (e.g., a right of ingress and egress over a grantors land).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Easement by prescription

A

An easement acquired by open, notorious, continuous, hostile and adverse use of the property for the period of time prescribed by state law.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Easement in gross

A

An easement that is not created for the benefit of any land owned by the owner of the easement but that attaches personally to the easement owner.

For example, a right granted by a property owner to a friend to use a portion of the property for the rest of the friend’s life would be an easement in gross.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Easement appurtenant

A

An easement that is annexed to the ownership of one parcel and allows the owner the use of the neighbor’s land.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Eminent domain

A

The right of a government or municipal quasi-public body to acquire property for public through a court action called a condemnation, in which the court decided that the use is a public use and determines the compensation to be paid to the owner.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Encroachment

A

A building or some portion of it — a wall or fence, for instance — that extends beyond the land of the owner and illegally intrudes on the land of an adjoining owner or public street or alley.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Encumbrance

A

Anything — such as a mortgage, tax, or judgement lien; an easement; a restriction on the use of the land; or an outstanding dower right — that may diminish the value or use and enjoyment of a property.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Escheat

A

The reversion of property to the state or county, as provided by state law, in cases in which a decedent dies intestate without heirs capable of inheriting, or when the property is abandoned.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Estate in land

A

The degree, quantity, nature, and extent of interest a person has in real property.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Fee simple

A

The highest interest in real estate recognized by the law; the holder is entitled to all rights to the property.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Fee simple absolute

A

The maximum possible estate or right of ownership of real property, continuing forever.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Fee simple defeasible

Defeasible fee estate

A

An estate in which the holder has a fee simple title that may be divested upon the occupancies or non-occurrence of - specified event.

There are two categories of defeasible fee estates:

  1. Fee simple, on condition precedent (fee simple determinable), and
  2. Fee simple on condition subsequent
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Fee simple determinable

A

A fee simple estate qualified by a special limitation. Language used to describe the limitation includes the words “so long as”, “while”, or “during”.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Fee simple subject to a condition subsequent

A

An estate carrying the limitation that, if it is no longer used for the purpose conveyed, it reverts to the original grantor by the right of reentry.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Freehold estate

A

An estate in land in which ownership is for a indeterminable length of time, in contrast to a leasehold estate.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Leasehold estate

A

A tenants right to occupy real estate during the term of a lease, generally considered a personal property interest, although a long-term lease may be eligible for treatment as real property for financing purposes.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Future interest

A

A person’s present right to an interest in real property that will not result in possession or enjoyment until sometime in the future, such as a reversion right or right of reentry.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Homestead

A

Land that is owned and occupied as the family home. In many states, a portion of the area or value of this land is protected or exempt from judgements for debts other than those secured by the property.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Inverse condemnation

A

An action brought by a property owner seeking just compensation for diminished use and value of land because of an adjacent property’s public use.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Legal life estate

A

A form of life estate established by state law, rather than created voluntarily by an owner. It becomes effective when certain events occur.

Dower, curtesy and homestead are legal life estates in some states.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

License

A

(1) In real estate practice, the privilege or right granted to a person by a state to operate as a real estate broker or sales person.
(2) The revocable permission for a temporary use of land — a personal right that cannot be sold.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

Lien

A

A right given by law to certain creditors to have their debts paid out of the property of a defaulting debtor, usually by means of a court sale.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

Life estate

A

An interest in real or personal property that is limited in duration to the lifetime of its owner or some other designated person or persons.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

Police power

A

The governments right to impose laws, statutes, and ordinances, including zoning ordinances in building codes, to protect the public health, safety, and welfare.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

Pur autre vie

A

“For the life of another”

A life estate pur autre vie is a life estate that is measured by the life of a person or persons other than the grantee.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q

Remainder interest

A

The remnant of an estate that has been conveyed to take affect and be enjoyed after the termination of a prior estate, such as when an owner conveys a life estate to one party and the remainder to another.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
31
Q

Reversionary interest

A

The remnant of an estate that the grantor holds after granting a life estate to another person.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
32
Q

Taking

A

Process of land being taken from a property owner for public use through eminent domain with the requirement that the owner be compensated fairly.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
33
Q

Taxation

A

The process by which a government body raises monies to fund its operation.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
34
Q

Servient tenement

A

Land on which an easement exists in favor of an adjacent property, called the dominant tenement.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
35
Q

Tacking

A

Concept providing that successive periods of continuous occupation by different parties may be combined to reach the required total number of years needed to establish a claim for a prescriptive easement.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
36
Q

Cloud on the title

A

Any document, claim, unreleased lien, or encumbrance that may impair the title to real property or make the title doubtful; usually revealed by a title search and removed either by a quitclaim deed or suit to quiet title.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
37
Q

Curtesy

A

A life estate, usually a fractional interest, given by some states to the surviving husband in real estate owned by his deceased wife.

Most states have recognized other marital property rights and abolished cutesy.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
38
Q

Dower

A

The legal right or interest, recognized in some states, that a wife acquires in the property her husband held or acquired during their marriage. During the husband’s lifetime, the right is only a possibility of an interest; upon his death, it can become an interest in land.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
39
Q

Dominant tenement

A

A property that includes in its ownership the appurtenant right to use an easement over another person’s property for a specific purpose.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
40
Q

Life tenant

A

A person in possession of a life estate.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
41
Q

Lis pendens

A

A recorded legal document giving constructive notice that an action affecting a particular property has been filed in either a state or federal court.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
42
Q

Party wall

A

party

An exterior wall of a building that straddles the boundary line between two lots, or a commonly shared partition wall between two connected properties.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
43
Q

Right-of-way

A

The right given by one landowner to another to pass over the land, construct a roadway, or use as a pathway, without actually transferring ownership.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
44
Q

True or false

A freehold estate is an ownership interest that continues for an indefinite period.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
45
Q

_____ estate

Fee simple absolute
Fee simple defeasible
- special limitation with possibility of reverter
- condition subsequent with right of re-entry

A

Fee simple estate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
46
Q

____ estate

Conventional life estate

- ordinary with remainder of reversion
- pur autre vie with remainder of reversion

Legal life estate

- dower
- homestead 
- curtesy
A

Life estate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
47
Q
  1. Uses phrases like
    ”So long as”
    “While”
    “During”
  2. Uses phrases like
    “On condition that”
A
  1. Fee simple determinable

2. Fee simple subject to a condition subsequent

48
Q

____ estate is the highest interest in real estate recognized by law.

A

Fee simple estate, or fee simple absolute

49
Q

____ estate is a qualified fee estate that is subject to the occurrence or non-occurrence of some specified event.

Two types of this estate include fee simple determinable and fee simple subject to a condition subsequent.

A

Fee simple defeasible

50
Q

____ is a fee simple defeasible estate that may be inherited.

This estate is qualified by a special limitation (an occurrence or an event).

A

Fee simple determinable

51
Q

With ____, an owner gives real estate on condition of ownership, meaning there is a difference in the way the estate will terminate if there is a violation of the condition.

A

Fee simple subject to a condition subsequent

52
Q

A nonfreehold estate is commonly referred to as a ____ estate.

A

Leasehold

53
Q

A freehold estate can also be a ____ estate that is held only for the lifetime of a person and ends when that individual dies.

A

Life estate

54
Q

In a fee simple defeasible, the former owner retains a ____, which is an interest that can be transferred to someone else.

A

Possibility of reverter

55
Q

In the ____ estates, the possibility of reverter (fee simple determinable) and right of reentry (fee simple subject to a condition subsequent) will only be possible at some time in the future and may never take effect.

Each of those rights are considered a ____.

A
  1. Defeasible fee estates

2. Future interest

56
Q

“For the life of another”

A

Pur autre vie

57
Q

The holder of a life estate is called a ____.

A

Life tenant

58
Q
  1. ____: The creator of the life estate may name a remainderman as the person whom the property will pass when the life estate ends.
  2. ____: The creator of the life estate may chose not to name a remainderman. In that case, ownership returns to the original owner upon the end of the life estate.
A
  1. Remainder interest

2. Reversionary interest

59
Q

____ is not created by a property owner, but rather is established by state law. It becomes effective automatically when certain events occur.

Dower, cutesy, and homestead are currently used in some states.

A

Legal life estate

60
Q

A ____ is a legal life estate in real estate occupied as the family home.

The home (or a portion of it) is protected from most creditors during the occupant’s lifetime.

A

Homestead

61
Q

____ is a type of interest in real estate that does not rise to the level of ownership or possession, yet still gives an individual, business, or other entity some degree of use or control of the property.

A

Encumbrance

62
Q

A ____ is a charge against property that provides security for a debt or an obligation of the property owner.

A

Lien

63
Q

Once placed in the deed by a previous owner, a ____ will run with the land, limiting use of the property by the current owner, as well as future owners to whom the property is subsequently transferred.

A

Deed restriction

64
Q

True or false

A deed restriction cannot violate any law, such as a fair housing law, by attempting to prohibit certain property transfers. Attempting to do so would be illegal and thus unenforceable.

A

True

65
Q

____ are used by a subdivision developer to maintain specific standards in a subdivision, such as by requiring adherence to certain architectural or design specifications for improvements.

A

Covenants, condition, and restrictions (CC&Rs)

66
Q

Two private restrictions on the use of real estate include ____ and ____.

A
  1. Deed restrictions

2. Covenants, conditions, and restrictions (CC&Rs)

67
Q

An ____ is the right to use the land of another for a particular purpose.

It may exist in any portion of the real estate, including the airspace above or a right-of-way across the land.

A

Easement

68
Q

An ____ is attached to the ownership of real estate and allows the owner of that property the use of a neighbor’s land.

To this type of easement to exist, two adjacent parcels of land must be owned by two different parties.

A

Easement appurtenant

69
Q

In an easement appurtenant, the parcel that benefits from the easement is known as the ____ tenement; the parcel over which the easement runs is known as the ____ tenement.

A
  1. Dominant

2. Servient

70
Q

An ____ is an individual or company interest in or right to use someone else’s land.

Commercial - may be assigned, conveyed and inherited.
Personal - usually not assignable and generally terminates on the death of the easement owner.

Ex. A railroad’s right-of-way

A

Easement in gross

71
Q

True or false

An easement is created by a written agreement between the parties that establishes the easement right. The creation of the easement always involves two separate parties; one party owns the land over which the easement runs and the other party benefits from the easement.

A

True

72
Q

An easement that is created when an owner sells a parcel of land that has no legal access to a public way except over the seller’s remaining land is an ____.

Created by court order based on principle that owners must have the right to enter and exit their land — the right of ingress (enter) and egress (exit); they cannot be landlocked.

A

Easement by necessity

73
Q

If the claimant has made use it another’s land for a certain period of time as defined by state law, an ____ may be acquired.

The owner must not be excluded from using the land. Generally runs from 10 to 21 years.

A

Easement of prescription (or prescriptive easement)

74
Q

The 5 ways an easement terminates are

A
  1. When the need no longer exists
  2. When the owner of either dominant or servient tenement becomes sole owner of both properties
  3. By release if the right of easement to the servient tenement
  4. By abandonment of the easement
  5. By the non use of a prescriptive easement
75
Q

A ____ is a personal privilege to enter the land of another for a specific purpose. This differs from an easement in that it can be terminated or cancelled by the owner of the property.

A

License

76
Q

True or false

A license ends with the death of either party or with the sale of the land.

A

True

77
Q

When a building, fence, or driveway illegally extends beyond the boundaries of the land of its owner or legal building lines, an ____ occurs.

A

Encroachment

78
Q

A ____ (Latin for litigation pending) is a notice filed in the public record of a pending legal action affecting the title to or possession of the property.

A

Lis pendens

79
Q

Four governmental powers include

PETE

A
  1. Police power
  2. Eminent domain
  3. Taxation
  4. Escheat
80
Q

Every state has the power to enact legislation to preserve order, protect the public health and safety, and promote the general welfare of its citizens. This authority is know as a state’s ____.

A

Police power

81
Q

True or false

The police power of government is used to enact environmental protection laws, zoning ordinances, and building codes.

These include regulations that govern the use, maximum occupancy size, location, and construction of real estate.

A

True

82
Q

The state’s authority is passed on to municipalities and counties through legislation called ____.

A

Enabling acts

83
Q
  1. ____ is the government’s right to acquire private property for public use.
  2. ____ is the actual process of taking property, by either judicial or administrative proceedings.
A
  1. Eminent domain

2. Condemnation

84
Q

The concept of taking property for public use is found in the ____ amendment to the US constitution, which reads “Nor shall private property be taken for public use, without just compensation”, meaning that when land is taken for public use through eminent domain, the owner must be compensated fairly.

A

Fifth amendment

85
Q

____ is the action brought by a property owner seeking just compensation for land adjacent to land for a public purpose when the property’s use and value have been diminished.

A

Inverse condemnation

86
Q

____ is a charge on real estate to raise funds to finance the operation of government facilities and services.

A

Taxation

87
Q

Three taxes on real estate include

A
  1. Annual property taxes to support school districts, transportation districts, and utility districts
  2. Taxes on profit realized by individuals and corporations on the sale of real property
  3. Special fees that may be levied to finance special projects, such as road or utility installation
88
Q

____ is a process by which the state may acquire privately owned real or personal property.

State laws provide for ownership to transfer to the state when an owner dies and leaves no heirs and there is no will or living trust instrument that directs how the real estate is to be distributed.

Used to prevent property from being ownerless or abandoned.

A

Escheat

89
Q

A ____ estate lasts for an indeterminable length of time.

____ is the highest estate recognized by law.

____ is an estate that is qualified because its subject to the occurrence or non-occurrence of a special event.

A ____ is based on the lifetime of the life tenant or someone else (pur autre vie).

A
  1. Freehold estate
  2. Fee simple
  3. Fee simple defeasible
  4. Life estate
90
Q
  1. An ____ is a claim, charge, or liability that attaches to real estate.
  2. A ____ is a charge against property that provides security for a debt or obligation of the property owner.
  3. ____ are private limitations on the use of land.
— CC&Rs
— encumbrance 
— lien
— easement
— police power
— eminent domain
A
  1. Encumbrance
  2. Lien
  3. Covenants, conditions, and restrictions (CC&Rs)
91
Q
  1. An ____ is the right to use land of another. Usually created by written agreement between the parties.
  2. An ____ is said to run with the land when title is transferred.
  3. The ____ tenement benefits from the easement, which runs over the ____ tenement.
A
  1. Easement
  2. Easement appurtenant
  3. Dominant
  4. Servient
92
Q
  1. An easement ____ is an individual or company interest in or right to use another’s land.
  2. An easement ____ arises when land has no access to a street or public way.
  3. An easement ____ is acquired when a claimant has used another’s land for the period required by law. Use must be continuous, nonexclusive, visible, open, and notorious.
A
  1. Easement in gross
  2. Easement by necessity
  3. Easement by prescription
93
Q

An easement is ____ when the need for it no longer exists, when the owner of either dominant tenement or servient tenement becomes the owner of both, when the owner of a dominant tenement ____ the right of the easement to the owner of the servient tenement, if the easement is ____, or by the ____ of a prescriptive easement.

A

Terminated

Releases

Abandoned

Nonuse

94
Q

A ____ is a personal privilege to enter the land of another for a specific purpose.

A

License

95
Q

An ____ occurs hen all or part of a structure illegally intrudes on the land of another or beyond legal building lines.

A

Encroachment

96
Q

____ gives notice of litigation in progress that may affect title to property.

A

Lis pendens

97
Q

Government powers (PETE)

  1. ____ is the state’s authority to legislate to preserve order, protect public health and safety, and promote the general welfare of citizens.
  2. ____ is the government’s right to acquire privately owned real estate for public or economically beneficial use through condemnation.
  3. ____ can include a charge on real estate to provide funds to meet public needs.
  4. ____ occurs when the state takes control of property after the owner dies leaving no will or lawful heirs.
A
  1. Police power
  2. Eminent domain
  3. Taxation
  4. Escheat
98
Q

When ____ of a property occurs, the fifth amendment in the US constitution requires the owner be given just compensation.

A property owner may claim compensation under ____ if an adjacent public land use diminishes the value of the owner’s property but the property has not been condemned for public use.

A
  1. Taking

2. Inverse condemnation

99
Q

The right of a government body to take ownership of real estate for public use is called

A. Escheat
B. Eminent domain
C. Condemnation
D. Police power

A

B. Eminent domain

100
Q

An owner conveys ownership of a residence to a church but reserves a life estate in the residence. The future interest held by the church is

A. A pur autre vie
B. A remainder
C. A reversion
D. A leasehold

A

B. Remainder

101
Q

The type of easement that is a right-of-way for a utility company’s power lines is

A. An easement in gross
B. An easement in necessity
C. An easement by prescription
D. A nonassignable easement

A

A. Easement in gross

102
Q

A landowner has divided a large parcel of ons into smaller parcels and has recently sold a tract near a nature preserve that is landlocked and cannot be entered except through one of the other tracts. The buyer of that property will probably be granted what type of easement by court action?

A. Easement by necessity
B. Easement in gross
C. Easement by prescription
D. Easement by condemnation

A

A. Easement by necessity

103
Q

One who has ownership rights of real estate that could continue forever and which provide that no other person can claim to be the owner of or have any ownership control over the property has

A. Fee simple absolute
B. Life estate
C. Determinable fee
D. Condition subsequent

A

A. Fee simple absolute

104
Q

The owner of a fee simple title to a vacant lot adjacent to a hospital decided to make a gift of the lot to the hospital. The deed conveyed ownership of the lot to the hospital “so long as it is used for hospital purposes”. After completion of the gift, the hospital will own

A. A fee simple absolute estate
B. A license
C. A fee simple determinable
D. A leasehold estate

A

C. A fee simple determinable

105
Q

Your neighbors use your driveway to reach the garage on their property. Your attorney explains that the neighbor’s real estate includes an easement appurtenant giving them the right to do this. Your property is

A. A leasehold interest
B. A dominant tenement
C. A servient tenement
D. A license property

A

C. A servient tenement

106
Q

A license is an example of

A. An easement appurtenant
B. An encroachment
C. A personal privilege
D. A restriction

A

C. A personal privilege

107
Q

An easement appurtenant

A. Terminates with the sale of the property
B. Is a right-of-way for a utility company
C. Is revocable
D. Runs with the land

A

D. Runs with the land

108
Q

A property in Main Street that was formerly a retail store will become the site of a new city hall, made possible by the government’s power of

A. Escheat
B. Possibility of reverter
C. Eminent domain
D. Taxation

A

C. Eminent domain

109
Q

A property owner who has the legal right to use a neighbor’s land holds

A. An estate in land
B. An easement
C. A police power
D. An encroachment

A

B. An easement

110
Q

Which of the following is a legal life estate?

A. Leasehold
B. Fee simple absolute
C. Homestead
D. Determinable fee

A

C. Homestead

111
Q

The new owner of a property installs a fence on the property. By mistake, the fence extends one foot over the lot line into the neighbor’s property. The fence is an example of

A. A license
B. An encroachment
C. An easement by necessity
D. An easement by prescription

A

B. An encroachment

112
Q

A homeowner may be allowed certain protection from judgements of creditors as a result of the state’s

A. Littoral rights
B. Curtesy rights
C. Homestead rights
D. Dower rights

A

C. Homestead rights

113
Q

A person has permission from a property owner to hike on the owners property during the autumn months. This hiker has

A. An easement by necessity
B. An easement by condemnation
C. Riparian rights
D. A license

A

D. A license

114
Q

A homestead is a legal life estate in real estate that is

A. Leased by renters
B. Occupied as the family home
C. Used as a vacation home
D. A secondary residence

A

B. Occupied as the family home

115
Q

Because a homeowner failed to pay the real estate taxes on time, the racing authority imposed a claim against the homeowner’s property. This claim is known as

A. A deed restriction
B. A lien
C. An easement
D. A reversionary interest

A

B. A lien

116
Q

The process by which government takes control of a property after the owner dies without a will or lawful heirs is

A. Escheat
B. Lis pendens
C. Condemnation
D. Taxation

A

A. Escheat

117
Q

All of the following will terminate an easement except

A. When the need no longer exists
B. No use of a prescriptive easement
C. Abandonment of easement
D. Release of the right of easement to the dominant tenement

A

D. Release of the right of easement to the dominant tenement

KRI (6 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions