G left his property to X "so long as the property is used for school purposes." What type of interest does G hold?
A) Fee simple determinable
B) Possibility of reverter
C) Right of entry/power of termination
D) None of the above
B
You might also like to view...
Which one of these is not a contributing factor for gender inequality in organizations?
a. Leadership style b. Family and career demands c. Federal statutes d. Discrimination and stereotypes
The issuance price of a bond does not depend on the:
A. perceived risk associated with the bond. B. face value of the bond. C. market rate of interest. D. method used to amortize the discount or premium.
An income and expense statement provides a measure of financial performance over a period of time.
Answer the following statement true (T) or false (F)
Which of the following is the first step in a typical employee-initiated grievance procedure?
A. The steward and management representative meet and discuss the grievance. B. The grievance is appealed to arbitration for a binding decision. C. The grievance is submitted to the production superintendent. D. The employee discusses the grievance verbally with the supervisor. E. The employee consults the industrial relations staff for resolution.