A fee simple estate is
A. a leasehold estate
B. an estate for years
C. a less than freehold estate
D. an estate of inheritance
Answer: D. an estate of inheritance
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You would like to remodel your kitchen at a cost of $13,000. Your bank will loan you the money at 8.2% for 4 years. Determine your monthly payment.
A. $318.59 B. $316.43 C. $3,305.71 D. $1,090.82
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Instruments that are payable upon an uncertain act or event are not negotiable
Indicate whether the statement is true or false
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