Which of the following is true about a life estate?
A) The holder of a life estate may not lease the property to a tenant since it is uncertain when
the holder of the life estate may die.
B) The holder of a life estate may sell that interest to another.
C) The holder of a life estate may lose his right if the remainderperson desires to re-enter the
land.
D) The holder of the life estate must be related to the remainderperson.
B
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The current assets section of the balance sheet should include
a. machinery. b. patents. c. goodwill. d. inventory.
Which of the following is true of high value-to-weight ratio products?
A. They tend to have greater weight than other products in the segment. B. Their transportation costs account for a very small percentage of total costs. C. They tend to be inexpensive. D. There is great pressure to produce these products in multiple locations close to major markets. E. These products gain weight as raw materials get processed during transportation.