An ________ is an estate in which the owner has a present possessory interest in the real property
A) estate pour autre vie
B) freehold estate
C) future interest
D) easement
B
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Classical economists believe that the economy
A. is unable to return to equilibrium because wages and prices are sticky and do not adjust right away. B. will not return to equilibrium without government intervention. C. is unable to return to equilibrium because wages and prices are flexible. D. will return to equilibrium quickly without the need for government intervention.
Which of the following statements is true of a quasi contract?
A. A quasi contract does not involve contract-like duties imposed by the court. B. A quasi contract is a legal fiction created by the court to avoid just enrichment. C. A person is not held liable under quasi contract for benefits he or she received unknowingly. D. A person is held liable under quasi contract for benefits he or she reasonably believed were given as a gift.
Which of the following is a faulty guideline for instant messaging (IM) standards?
A) Use a professional-sounding IM username. B) Focus on business. C) Assume that your messages are secure. D) Keep messages simple. E) Save important messages.
In which section of the financial statements would Paid-In Capital from Sale of Treasury Stock be reported?
A) other expense on income statement B) intangible asset on balance sheet C) stockholders' equity on balance sheet D) other income on income statement