One of the main differences between real and personal property is that real property:
A: Can be held in joint tenancy;
B: Is immovable;
C: Is subject to depreciation over a period of time;
D: Can be willed.
Answer: B: Is immovable;
Business
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A sequential list of owners for a parcel of real estate is called:
a. constructive notice b. chain of title c. notarized record d. deed of reconveyance
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A personal balance sheet presents
A) amounts budgeted for spending. B) income and expenses for a period of time. C) earnings on savings and investments. D) items owned and amounts owed.
Business