Anna Able recorded title to her existing property as a single woman. Later, she married Bob Baker and changed the name on the deed to read, Anna Baker, a married woman. This would create:
a. a cloud on the title.
b. a joint tenancy.
c. a right of survivorship.
d. All of the above.
Answer: a. a cloud on the title.
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The landlord only has to provide ______ days advance notice that the tenancy will end if the tenant has lived in the unit less than a year or the landlord has contracted to sell the rental unit to another person who intended to occupy it for at least a year after the tenancy ends.
A. 45 days B. 30 days C. 60 days D. 90 days.
Which of the following statements is true concerning the matching principle?
a. All costs can be directly matched with revenue. b. All costs can be indirectly matched with periods in which they provide a benefit. c. The association of assets for a period with the liabilities necessary to generate the assets is known as the matching principle. d. Cost of goods sold matched with sales revenue is a classic example of direct matching under the matching principle.