Can the holder of a life estate mortgage his life estate?
A) Yes, so long as the mortgage term is limited to the length of the life estate
B) No, because a life estate is not real property
C) Yes, with the only restrictions being those applicable to a mortgage of a fee simple interest
D) Yes, but only if the holder of the remainder interest or reversion also simultaneously
mortgages that interest
E) No, because of the uncertainty over how long the interest will last
A
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The Retained Earnings account contains cash for paying dividends to the stockholders
Indicate whether the statement is true or false
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