What are the benefits of co-op ownership?
What will be an ideal response?
By spreading the cost of acquiring and maintaining real estate over a group of individual, co-op allow more individuals an affordable means of owning real estate. The common thread is that there is a common ownership interest with shared expenses. Co-ops can also be converted to specific purpose real estate ownership such as specialized housing for students, the elderly, and small businesses.
You might also like to view...
Which of the following are courts of limited jurisdiction?
A. U.S. Tax Court B. U.S. District Court C. a state small claims court D. all of the above E. a and b F. a and c
In insurance law, a(n) ____ is a contract for insurance coverage. It spells out the precise terms and conditions as to what will and will not be covered under the contract.
A. premium B. policy C. binder D. agreement
Matchthe most appropriate term to the definition.
A. Authority ofa court overissuesin a case where the case isactually subject to the court’s authorityon othergrounds B. Authority ofa court to imposein personamjurisdictionover persons beyond the geographicalboundaries of the court. This is only allowed instatutorily specifiedcircumstances C. Authority ofa court to hear a case that issuperior to the authority of all other courts D. Authority ofa court over a specific itemofproperty regardless of who claims the property or aninterest in the property E. Authority ofa court to renderand enforce rulingsover a particular individual and that individual’sproperty F. Authority ofa court to reviewand passon the actionsof anothersubordinate court G. Whenmore than one courthas authority to hear a particularcase as the result of circumstancessurrounding the issues H. Authority of a court to determine the rights and obligations of the parties in a lawsuit—forexample, trial court I. Authority of federal court to hear a caseon the basis of the Constitution and other federal law J. Authority ofa federal court, presentedwith a federal issue, to also determine interrelatedclaimsbased onstate law K. Requiresthat no plaintiffand defendantshare the same domicile L. Litigation ofa dispute of application or meaning of a federal statute or the Constitution M. A basis for federal jurisdiction that neednot involve a monetary amount in controversy or federallegislation N. A federal procedure that may be used by a defendantwhen federaljurisdiction exists over a case in state court O. Sought bythe plaintiff to have a casetransferred to state court after a removal P. Authority ofa court to determine issuesin a case Q. The test to determine domicile of a corporation R. The permanent intended place of residence S. Filed by the defendant when another court would besignificantly more appropriate for litigation of an action T. Term used to describe the geographicalboundaries of the authorityof a court
The preferred method of service in federal procedure is the?
A. ?process prescribed by Rule 3. B. ?use of the notice of lawsuit and request for waiver of service of summons. C. ?personal delivery of the summons and complaint on defendant. D. ?postal delivery of the summons and complaint to the defendant.