Another term describing an estate of inheritance or a perpetual estate:
a. an estate for years
b. a fee simple
c. a life estate
d. an estate at will
Answer: b. a fee simple
Business
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What contributes to the value of a well planned neighborhood versus a poorly planned neighborhood?
a. Nonconforming improvements. b. Improper orientation. c. Inconsistent improvements. d. Conformity of size and style.
Business
A limited liability partnership (LLP)
A. Starts as a corporation. B. Is typically adopted by providers of professional services. C. Is ordinarily treated as a legal entity to the same extent as a corporation. D. Offers a liability shield only for professional malpractice.
Business