Which statement about encumbrances is correct?
a. an encumbrance could increase real property value
b. a lease is an example of an encumbrance
c. encumbrance can only be created by an owner of real property
d. both a and c
Answer: b. a lease is an example of an encumbrance
Business
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Kinderfelt Corporation has 15,000 outstanding shares of which Gordon owns 2,000. Kinderfelt plans to raise more capital by issuing another 10,000 shares of stock
With preemptive rights, how many of the new shares does Gordon have the right to buy before they are sold to the public? A) 10,000 B) 3,000 C) 5,000 D) 2,000
Business