Which of the following statements is true of a conditional estate?
A) It is the present right to own and possess the land in the future.
B) When a person's interest terminates, the interest must be transferred to the former owner.
C) It can be set up so that failure to meet a condition terminates the estate.
D) It is the right to own and possess land until one dies, subject to the condition that the property cannot be used in such a way as to destroy its value.
C
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A university is planning a seminar. It costs $3000 to reserve a room, hire an instructor, and bring in the equipment. Assume it costs $25 per student for the administrators to provide the course materials
If we know that 20 people will attend, what price should be charged per person to break even? A) $120 B) $150 C) $175 D) $200