The majority of the world's population is included in the following economic category:
A) high-income countries.
B) upper-middle-income countries.
C) lower-middle-income countries.
D) low-income countries.
E) lower-upper-income countries.
C
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If a company is considering the purchase of a parcel of land that was acquired by the seller for $85,000, is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by the purchaser as easily being worth $140,000, and is purchased for $137,000, the land should be recorded in the purchaser's books at:
A. $137,000. B. $150,000. C. $95,000. D. $140,000. E. $138,500.
Pamela is planning to sell her home decorating store to her daughter. Pamela has:
a. a greater duty to reveal problems in the business because her daughter assumes she will be honest. b. no duty to disclose hidden defects in the business. c. a lesser duty to reveal problems in the business because she has a relationship of trust with the buyer. d. a duty to report only any latent defects she knows about that her daughter should not be expected to discover herself.
One reason manufacturers' sales branches handle over 25 percent of wholesale sales is that they are located in the best market areas.
Answer the following statement true (T) or false (F)
Under the covenant of quiet enjoyment, a landlord promises that a tenant's use and enjoyment of the property will not be disturbed by someone with superior title
Indicate whether the statement is true or false