A person who acquired ownership that can be inherited, with the provision that the land must always be used for recreational purposes, has which of the following?
A) A fee simple estate
B) A fee estate subject to condition subsequent
C) A restricted estate
D) An estate that cannot be sold
Answer: B) A fee estate subject to condition subsequent
Business
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Suppose the manufacturer pays a commission on every car sold. Then, the salesperson's commission is classified as a(n) ________
A) cost of labor B) traceable common cost C) non-traceable common cost D) advertising cost E) direct cost
Business
Global sourcing of manufacturing and business activities to foreign suppliers has led to a declining number of union members in many advanced economies
Indicate whether the statement is true or false
Business