A landlord cut off a tenant's electricity because the tenant was delinquent in rent. What would be the likely result of this action?

A. The landlord could be subject to a $100-per-day penalty.
B. The landlord could be subject to a $1,000 penalty.
C. No penalty will be assessed if a proper three-day notice was served.
D. There will be no penalty if there was a 24-hour notice of service cutoff.

Answer: A. The landlord could be subject to a $100-per-day penalty.

Business

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Jones conveyed his ranch to Brown using a land contract. The ranch was serviced by a mutual water company, and Jones was a stockholder in the company. The stock which Jones owned was appurtenant to the land. Does Brown have to enter into a separate contract for the stock of the mutual water company:

A: Yes, since stock is always personal property and therefore not included in land contracts; B: No, because land in California cannot be sold without water rights; C: Yes, because real property is not always accompanied by water rights; D: No, because the stock was appurtenant to the land and therefore part of the real property and part of the land contract.

Business

After reviewing the household budget, you estimate the following auto costs

Ownership cost per mile $ .30 Operating cost per mile .15 Total cost per mile .45 The marginal cost of driving your car another mile is therefore A) $ .30. B) .15. C) .45. D) .90.

Business