Which of the following types of estates requires action on the part of the grantor before the estate terminates?
A) Life estate
B) Fee simple determinable
C) Fee simple subject to a condition subsequent
D) Tenancy for a period
C
You might also like to view...
The face value of a note minus interest is called
a. the discount; b. proceeds; c. the principal; d. the maturity value; e. none of these
Jillian Harmon supervises 5 cashiers at Jack's Market. In the past, each cashier served an average of 25 customers per hour. Two months ago, management remodeled the store and installed a new cash register system. Customers no longer need to take their groceries out of the basket. Last month the number of customers served was 5,185 and each cashier worked an average of 170 hours for the month
Based on this information, the service rate has a. increased 19 percent. b. decreased 21 percent. c. increased 22 percent. d. decreased 20 percent.
All of the following are disadvantages of fair value use except:
A) fair values may not be readily obtainable. B) fair values may cause more fluctuations as change occurs from period to period. C) comparability between companies may be impacted by different fair value measurement. D) fair values can only be used on balance sheet accounts.
Mark and Alexis have been dating a little over a year. Instead of stepping up to the situation and talking to Alexis either on the phone or in person so that he could clear up any misunderstandings by reading her nonverbal cues, Mark decided to send her a text message to let her know that he did not want to see her anymore. Mark did not use which form of communication and instead took the easy way out by using ______________ communication.
a. Verbal and Written b. Oral and Electronic c. Verbal and Cell phone d. Oral and Written