Janice Freeman has been constructing a home on her acre lot. The experience has been time consuming and frustrating. Currently, there is a construction mortgage and liens from the framer, plumber and roofer on the property. Janice has found a buyer for the property. The sale of her property to a third party:
A) Extinguishes the liens
B) Eliminates the construction mortgage.
C) Satisfies all lienholders.
D) None of the above
D
You might also like to view...
On December 31, Winters Company received a $385 bill for the purchase of supplies in December that it will not pay for until January 15. Winters follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry needed on December 31 to accrue this cost is:
A. Debit Accounts Payable $385; credit Cash $385. B. Debit Accounts Payable $385; credit Supplies $385. C. Debit Supplies Expense $385; credit Cash $385. D. Debit Supplies $385; credit Accounts Payable $385. E. Debit Supplies Expense $385; credit Supplies $385.
Which of the following is true about emoticon use for business communications?
A) Emoticons should only be used for internal communications. B) Emoticons should be avoided in all professional communications. C) Emoticons can soften the impact of negative messages. D) Emoticons can add depth and meaning to email messages. E) Emoticons can be used for internal and external messages very effectively.
According to the text, researchers may assess validity using coefficient validity
Indicate whether the statement is true or false
Two VALS segments stand apart; one represents the group with the highest resources and innovation and the other represents the lowest resources and innovation. These two groups are the ________ and the ________.
A. Achievers; Strivers B. Innovators; Survivors C. Thinkers; Believers D. Strivers; Survivors E. Experiencers; Makers