____________ refers to a method of acquiring title to real estate owned by another by openly maintaining exclusive possession of the property for a period of five years and paying all property taxes.
a. Eminent domain
b. Inheritance
c. Adverse possession
d. Probate
Answer: c. Adverse possession
You might also like to view...
To meet the needs of full disclosure, companies use supplemental information, including:
a. Parenthetical comments or modifying comments placed on the face of the financial statements. b. Disclosure notes conveying additional insights about company operations, accounting principles, contractual agreements, and pending litigation. c. Supplemental financial statements that report more detailed information than is shown in the primary financial statements. d. All of the above are correct.
Jason agrees to buy a computer for $2,000 and puts $100 down to hold the computer, promising to return in a few days to pay the balance. Jason has an acute case of buyer's remorse and decides he doesn't want the computer
Which of the following is TRUE? A) The $100 payment is called a deposit in law. B) Jason has a legal right to the return of the $100 because he cancelled the deal. C) Jason has a legal right to the return of the $100 because he didn't get the computer. D) Jason has no legal right to get the $100 back E) Both A and D