For adverse possession to occur, some states require that the adverse possessor has taken possession of the land "under ________ of title," that is, thinking that he or she was the lawful possessor of the land
A) cloud
B) condition subsequent
C) color
D) condition precedent
C
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Gardner Company expects sales for October of $248,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $67,000. What is the amount of Accounts Receivable on the October 31 budgeted balance sheet?
A. $124,000. B. $67,000. C. $111,600. D. $136,400. E. $68,200.
What are two societal changes that are now under way?
What will be an ideal response?
The Johnsons decided to sell their summer cabin on Beech Lake. They sent flyers out to all who previously had expressed an interest in buying the cabin stating that they were planning on selling their cabin. The flyer described the location of the property, the size of the lot, and the price. If one of the recipients responds by sending a letter accepting, an agreement
a. will not be formed because the flyer was sent out as an invitation to make an offer. b. will be formed because the first to respond gets the property. c. will be formed because the price is included. d. will not be formed because of the parol evidence rule.
Gulf Air, Inc, is the major wholesale distributor of software in the state of Florida. Its closest competitor is Fluid Systems Company, another Florida firm. The two firms agree that Gulf Air will operate in south Florida and Fluid Systems will operate in north Florida. This is
a. a group boycott. b. a market division. c. a joint venture. d. an exclusive-dealing contract.