Sudaksha Education Enterprise Interview Questions and Answers

A quitclaim deed is a legal document used to transfer interest in real property without any warranties or guarantees.

• It is often used in situations where the transfer of ownership is between family members or as a gift.

• Unlike a warranty deed, a quitclaim deed does not guarantee that the grantor actually owns the property being transferred.

• It is commonly used in divorce proceedings to transfer ownership of a property from one spouse to another.

• Cema mortgage is a type of mortga...read more

Foreclosure is the legal process by which a lender takes control of a property when the borrower fails to make mortgage payments.

• Foreclosure is initiated by the lender when the borrower defaults on their mortgage payments.

• The lender takes possession of the property and may sell it to recover the outstanding loan amount.

• Foreclosure laws and procedures vary by state and country.

• Support judgement is a legal term referring to a court order that enforces a judgment or decision.

• Sup...read more

Martial property refers to assets acquired during a marriage that are subject to division in the event of divorce.

• Includes assets such as real estate, vehicles, bank accounts, investments, and retirement accounts acquired during the marriage

• May also include debts incurred during the marriage

• Not all assets acquired during marriage are considered martial property, such as gifts or inheritances received by one spouse

CEMA stands for Consolidation, Extension, and Modification Agreement. Foreclosure is a legal process where a lender takes possession of a property due to non-payment.

• CEMA is a type of agreement used in mortgage refinancing to consolidate multiple loans into one, extend the loan term, and modify the terms of the loan.

• Foreclosure is a legal process where a lender repossesses a property from a borrower who has failed to make mortgage payments.

• CEMA can help borrowers lower their ...read more

Support judgement is the act of providing assistance or guidance in making decisions or forming opinions.

• Support judgement involves offering advice, information, or feedback to help someone make a decision.

• It can also involve providing emotional support or reassurance to someone who is unsure about a decision.

• Examples include a mentor guiding a student in choosing a career path, a therapist helping a patient make a difficult decision, or a friend offering support during a tou...read more

Commercial property refers to real estate used for business purposes, such as office buildings, retail spaces, and industrial facilities.

• Commercial property is used for business activities rather than residential purposes

• Examples include office buildings, retail stores, warehouses, and restaurants

• Commercial property can be leased or owned by businesses for their operations

A mechanical lien is a legal claim against a property for unpaid work or materials provided by a contractor or supplier.

• Mechanical liens are typically filed by contractors, subcontractors, or suppliers who have not been paid for their services or materials.

• The lien allows the claimant to potentially force the sale of the property in order to receive payment for the work or materials provided.

• Mechanical liens vary by state in terms of requirements and procedures for filing and...read more

CTC stands for Cost to Company and refers to the total salary package of an employee including all benefits and perks.

• CTC includes basic salary, allowances, bonuses, and other benefits

• It is the total amount that the company spends on an employee

• CTC may also include contributions to employee provident fund, gratuity, and insurance

• For example, if an employee's basic salary is $50,000 and the company provides $10,000 in benefits, the CTC would be $60,000