Remainders and reversions:
A) Are both interests where property can or will return to the grantor.
B) Differ in that a remainder is held by someone other than the grantor and the reversion is
held by the original grantor.
C) Often exist when there is also a fee simple absolute ownership.
D) Cannot be bought or sold because they are future interests.
B
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Upon issuance of a conditional receipt to an insurance applicant who has paid the insurer an initial premium,
A) the applicant eliminates the need to provide the usual application information B) the applicant forfeits his right to a permanent contract C) the insurance company assumes no risk until the policy is issued D) the insurance company is conditionally assuming the risk"
A creative brief may include all of the following, except:
A) an objective of building brand image B) specifying the target audience C) describing the public relations program D) a clear message theme