This is the follow-up test to the OR business/trust requirements ACTION plan from Q1.
Questions and Answers
1.
On a prelim - what requirement code needs to be shown if the vestee is a LLC?
A. 
R/26
B. 
R/51
C. 
M/55
D. 
R/44
E. 
R/49
2.
On a commitment, what preprinted requirement codes need to be marked if the vestee is an inactive partnership? (Choose all that apply)
A. 
RPTS/CC2 (J)
B. 
RPTS/C3 (K)
C. 
RPTS/C14 (G)
D. 
RPTS/CC4 (L)
E. 
RPTS/CC7 (M)
3.
Trusts need to be ran in the business registry.
A. 
True
B. 
False
4.
When there is no record of active business entity - what code will need to be shown (for commitments in the preprinted requirements section, for prelims in the info notes)?
A. 
ORE/E2
B. 
ORE/E1
C. 
ORE/ET1
D. 
ORE/M1
E. 
ORE/T1
5.
Requirement codes do not need to be shown on a Lot Book Guarantee.
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