The right to possess, encumber, use, and enjoy a piece of property to the exclusion of all others, would be an accurate description of:

a. a life estate
b. real property
c. property ownership
d. an equitable position

Answer: c. property ownership

Business

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A flat or downward sloping yield curve indicates that the economy may be heading toward a recession.

Indicate whether the statement is true or false.

Business

In Petaluma, California, electric power is provided to consumers by the Power To The People Electrical Company, a local co-op. Each month PTTP mails bills to 70,000 households and then processes payments as they are received. The customers are provided with a remittance advice, which is a

A) warning that failure to pay by the due date will result in a late charge. B) confirmation of the firm's privacy policy. C) turnaround document. D) bill.

Business