Jane and Richard Cohen, a married couple, own a mini-storage facility as joint tenants. Richard made a contract to sell the property to U-Store-It, a national mini-storage company. Richard only signed the contract and also the deed. U-Store-It recorded the deed. Which of the following is accurate??
A)?U-Store-It owns the property because the deed has been recorded
B)?The deed is not valid because it is missing a signature.
C)?A joint tenant can convey title without the signature of the other joint tenant.
D)?A recorded deed carries the presumption that the signatures are valid.
B
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When no-par common stock with a stated value is issued for cash, the common stock account is credited for an amount equal to the cash proceeds
a. True b. False Indicate whether the statement is true or false
The U.S. government will pay Bringle $2,500,000 each six months, equal to 2.5% of the $100 million face amount of the treasury bonds (5% annual coupon rate, paid in two installments each year), and will repay the $100 million at the end of five years. At the time Bringle purchases the bonds, the market prices these bonds to yield Bringle 6% annually (3% each six months). The bonds are classified
as held to maturity. Bringle will record the following entry. a. Marketable Securities..............................95,734,898 Cash..........................................................................95,734,898 b. Marketable Securities............................100,000,000 Cash........................................................................100,000,000 c. Cash........................................................ 95,734,898 Marketable Securities...............................................95,734,898 d. Cash.................................................... 100,000,000 Marketable Securities...............................................95,734,898 e. Cash.......................................................105,907,059 Marketable Securities ............................................105,907,059
Generally, managers that make informed decisions will not be liable even if their decision turned out badly
a. True b. False Indicate whether the statement is true or false
Why must economic viability be considered when making technology decisions?
What will be an ideal response?