Future interests in land
A. are presently existing nonpossessory rights that may or may not develop later.
B. are possessory interests because they permit the holder to take possession at some point.
C. must create a right to, not merely the possibility of, possession at some time in the future or they would be merely illusory.
D. cannot be bought and sold.
Answer: A
You might also like to view...
With arbitrage, a trader attempts to purchase a foreign currency at a low price and, at a later date, resell the currency at a higher price in order to make a profit.
a. True b. False
Explain the three perspectives of organizational culture that may enhance economic performance. Which perspective was found to provide the highest level of long-term financial performance?
What will be an ideal response?
If the variables are standardized, the factor model may be presented as ________
A) Xi = Ai1 F1 + Ai2 F2 + Ai3 F3 + ... + Aim Fm + ViUi B) Xi = Wi1 F1 + Wi2 F2 + Wi3 F3 + ... + Wim Fm + ViUi C) Fi = Wi1 X1 + Wi2 X2 + Wi3 X3 + ... + Wim Xm + ViUi D) Xi = Ai1 F1 + Ai2 F2 + Ai3 F3 + ... + Aim Fm
Although faster transportation is more expensive, a firm receives which benefit as a result of the faster transportation?
A) Fewer rejects B) Higher profit C) Lower inventories D) More warehouses