Express warranties are always implied by law

Indicate whether the statement is true or false


FALSE

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A(n) ____________________ is a digital audio or video file that can be downloaded to a computer or watched on a smartphone

Fill in the blank(s) with correct word

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Orson files a suit against Portia. Before going to trial, the parties meet, with their attorneys to represent them, to present their dispute to a third party who is not a judge but who imposes a resolution on the par¬ties. This is

a. arbitration. b. mediation. c. negotiation. d. not a legitimate form of dispute resolution.

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In a quitclaim deed, the grantor warrants that:

A) he has no knowledge of any encumbrances. B) he himself has not impaired title to the land. C) the land passes with no impairment of title. D) he is conveying whatever interest he has in the land.

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Rafael bought an apartment building on March 27, 2012, for use as rental property at a cost of $2,000,000 (exclusive of the cost allocated to the land). He sells the building on November 3, 2019. What is Rafael's cost recovery deduction on the building for 2019 if he elects regular MACRS depreciation allowable on the building?

A. $44,870 B. $63,630 C. $66,660 D. $69,690 E. $72,740

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