When two or more persons join to make and operate a real estate investment, the arrangement is called a

A) subdivision.
B) time share.
C) syndicate.
D) group investment.

Answer: C) syndicate.

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Upon the death of a primary breadwinner who is fully insured under Social Security, a dependent child is eligible to receive an income benefit until the age of

A. 18 or 19, if unmarried and a student in elementary or secondary school B. 18 C. 22 or 23, if unmarried and a college student D. 19

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Which of the following is a feature of a Chapter 11 plan of reorganization?

A) an equilateral division of the Chapter 11 estate among all creditors B) division of the bankruptcy estate according to the debt to be paid to each creditor C) discharge of a debtor's unsecured debts and payment of secured debts D) a proposed new capital structure for a debtor to assume when it emerges from Chapter 11 bankruptcy

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