Outline the steps to be taken to prorate an item.
What will be an ideal response?
(1) Determine the proration year used, (2) determine the proration month used, (3) determine the proration date, (4) determine who the day of closing belongs to if the closing date is used as the proration date, (5) divide the amount of the bill accordingly, (6) determine how many days in the time frame belong to the seller and how many days belong to the purchaser, and (7) determine whether the amount is paid in arrears or advance.
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In some jurisdictions, to do business under a fictitious name, the following certificate must be filed:
A. m/b/a. B. f/n/a. C. f/m/a. D. d/b/a.
In exchange for receiving his or her share of the estate, it is a good idea for the personal representative to require the beneficiary to fill out which of the following forms?
a. Closing statement b. Receipt and release and waiver of notice c. Proposal for distribution d. Accounting
The primary function of a civil litigation unit is to implement policy and defend business or governmental entities against law suits
Indicate whether the statement is true or false
An action in trespass requires a showing of blameworthiness or fault on the part of the defendant while a trespass on the case does not.
Answer the following statement true (T) or false (F)