Bob owns a life estate in a ranch in Idaho. This means that:

A) Bob, or his immediate family, can live on the ranch so long as at least one of them is sill
living.
B) Bob must live on the ranch for the rest of his life.
C) He can live on the ranch as long as he lives, or he can sell this right to someone else.
D) He can live on the ranch as long as he lives, but if he moves off the ranch, he loses it.

C

Business

You might also like to view...

Kelly Financial Services, Inc invested $27,000 to acquire 3,750 shares of Mitt Investments, Inc on March 15, 2013

This investment represents less than 20% of the investee's voting stock. On May 7, 2017, Kelly Financial Services, Inc sells 2,250 shares for $15,250. In the accounting equation on May 7, 2017, ________. A) total assets will remain unchanged B) total assets will decrease C) total liabilities will decrease D) total equity will decrease

Business

Probably the most common type of organizational structure today is:

A) Project. B) Functional. C) Matrix. D) Organic.

Business