Edna and Flavia buy a boat that they dock in a marina near Gulfport, Mississippi. On the death of either owner, that owner's interest in the boat passes to her heirs. This is

A. a joint tenancy.
B. a life estate.
C. a tenancy in common.
D. ownership in fee simple absolute.


Answer: C

Business

You might also like to view...

A(n) _____ interfaces and interacts with other systems.

A. closed system B. host system C. cloud system D. open system

Business

Most long-term bond investments are classified as held-to-maturity securities

Indicate whether the statement is true or false

Business

Milt Alden says that his line workers "know each product like the back of their hands," and that this knowledge helps the company keep its prices low. This indicates that Alden Manufacturing most likely uses which of the following strategies?

A) cost-plus pricing B) skimming prices C) the experience curve D) break-even pricing E) prestige pricing

Business

The instructions for the new training software are complicated and dif?cult for many people to understand. Several employees, however, have suggested simpler instructions for working with the software

What might be an ef?cient way of having employees share these suggestions and come to a consensus? A) Have each employee send out an e-mail with their instructions. B) Hold a team meeting to hear each employee's instructions. C) Start a wiki for the instructions. D) All of the above.

Business