How many acres are in a parcel described as, "The NW 1/4 of the SE 1/4 and the S 1/2 of the SW 1/4 of the NE 1/4 of Section 4"?

A) 40 acres
B) 50 acres
C) 60 acres
D) 80 acres

Answer: C) 60 acres

Business

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Which item below is usually not a characteristic of a limited partnership?

A) They have limited investment appeal. B) Loss-limitation rules of the tax code do not apply to them. C) Partnership interests may be difficult to sell. D) They have poor liquidity.

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The licensees that built Tokyo Disneyland insisted on a ________ licensing agreement with the Walt Disney Company before agreeing to invest the funds necessary to build the park

A) one-year B) ten-year C) twenty-five year D) one-hundred year

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