The system of legal description that defines a parcel of land by tracing its perimeter is the
A) geodetic survey.
B) rectangular survey.
C) lot and block system.
D) metes and bounds system.
Answer: D) metes and bounds system.
Business
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Broker Davis, broker Ben and broke her bone for me partnership that the partnership buys, develops and sells land the sales associate Jerry becomes an equal partner in the firm.a sale is made resulting in a $40,000 profit.which statement is correct?
A. The partnership is illegal unless Jerry becomes broker B. The partnership agreement must be filed with the Secretary of State. C. The profits may be divided equally D. Jerry cannot receive any portion of the profits
Business
It is impossible for a single person to be both a leader and a follower
Indicate whether the statement is true or false.
Business