What are surface rights in real property?

A. the right to possess the earth beneath the land
B. the right to occupy the land
C. the right to possess personal property
D. the right to convert personal property to negotiable instruments


Answer: B

Business

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If Joe's Safety Supply Inc. quotes an FOB destination price to a factory buying five hazardous waste disposal units, it indicates that:

A. Joe's Safety Supply will pay all freight charges. B. Joe's Safety Supply and the factory will split all shipping charges. C. the factory will assume complete responsibility for the units once they leave the Joe's Safety Supply loading dock. D. the factory will pay all freight charges. E. the factory will pay for any damage caused to the units while shipping.

Business

When a company has a counterbalancing error, the company should

A) not take any action if the financial statements are no longer being presented on a comparative basis. B) restate the financial statements to show the correct balances if the financial statements are presented on a comparative basis. C) discuss the error in the notes to the financial statement and restate the financial statements. D) a and b.

Business

Alan tells Sherry that he will pay her $5,000 if she runs the Boston Marathon. Once Sherry starts running the marathon, Alan ________.

A. can revoke the contract, as an informal verbal agreement is not legally binding B. can revoke the contract, provided he does so before she completes the marathon C. can reduce the amount of money he offered her, provided he does so before she completes the marathon D. cannot revoke the contract

Business

A manufacturer's or supplier's use of an independent third party to manage an entire function of the logistics system, such as transportation, warehousing, or order processing, is called:

A. outsourcing B. mediation C. intermediary distribution D. benchmarking E. disintermediaton

Business