A standard title insurance policy indicates:
a. if there are any judgment liens on the property
b. if the property is free and clear of all encumbrances
c. what the current condition of the title is, subject to stated exceptions
d. all of these
Ans: d. all of these
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The amount due on the maturity date of a $12,000, 60-day 8%, note receivable is:
a. $6,000. b. $12,000. c. $160. d. $12,160. e. $5,920.
Which of the following statements is false regarding the evaluation of alternatives?
A. The selection of alternatives is determined by the decision variable chosen and the decision rule used B. Each alternative must be explicitly stated C. A decision variable is defined by an outcome that may be measured D. A decision rule is determined by which outcomes may be compared E. all of the above are true