Escheat property is best described as which of the following?

A. Property the government obtains via eminent domain.
B. Property gifted to the government by private citizens.
C. Property a government obtains and holds for the rightful owner in the absence of claimants or heirs.
D. Property possessed by a local government, but whose use is restricted by a higher government.


Answer: C

Business

You might also like to view...

The firm's success depends not only on how well each department performs its work, but also on how well the various departmental activities are coordinated to conduct core business processes

List and briefly describe the five core business processes.

Business

The major points in an outline for a presentation should _____.

A. be in parallel form B. be no longer than two or three words C. always be in chronological order D. all be in the form of questions

Business

The vested benefits of an employee in a pension plan represent benefits

a. to be paid to the retired employee in the current year. b. to be paid to the retired employee in subsequent years. c. to be paid from funds currently in the hands of an independent trustee. d. that are not contingent on the employee's continuing in the service of the employer.

Business

Should Phil Fang accept Wang Meng’s offer to use his vend carts to increase wholesale sales?

What will be an ideal response?

Business