The name of the grantee is misspelled on the warranty deed filed in public record. To correct the cloud on the title the grantor should:
A. Sign a security deed.
B. Execute a quitclaim deed with the correct spelling.
C. File a trust deed in public record.
D. Sign a special warranty deed.
Answer: B. Execute a quitclaim deed with the correct spelling.
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Newman Automobiles Manufacturing is considering two alternative investment proposals with the following data
Proposal X Proposal Y Investment $10,700,000 $580,000 Useful life 5 years 5 years Estimated annual net cash inflows for 5 years $2,140,000 $103,000 Residual value $50,000 $26,000 Depreciation method Straight-line Straight-line Required rate of return 12% 13% Calculate the payback period for Proposal X. A) 5 years B) 4 years C) 9 years D) 8 years
Social Security defines disability as the inability to engage in
A) work for which the worker was trained or educated B) work of the worker's preference C) any government employment D) the duties of any occupation