A parcel of land is described using the following metes and bounds description: Starting at a point of beginning located at the southwest corner of Jones Road and Smith Road, thence south 310 feet, thence west 250 feet thence north 275 feet, thence east 200 feet. Would this be a valid description?

A. Yes, it starts at a point of beginning.
B. Yes, it contains direction and distances.
C. No, it fails to return to the point of beginning.
D. No, it fails to locate the point of beginning (P.O.B)

Answer: C. No, it fails to return to the point of beginning.

Business

You might also like to view...

In a requirements contract, title and risk of loss pass to the buyer when the goods are tendered at their destination, and the shipper (e.g., in Boston) assumes ownership responsibility until then.

a. true b. false

Business

Which is the most liquid form of asset?

A) cash B) accounts receivable C) inventory D) supplies

Business