If a person purchases the right to occupy a unit for a certain designated period each year, this is called:
a. undivided ownership
b. time share ownership
c. cooperative ownership
d. estate for years ownership
Answer: b. time share ownership
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The relationship between employer and employee can be thought of in terms of a(n) _____, a description of what an employee expects to contribute in an employment relationship and what the employer will provide the employee in exchange for those contributions. Unlike a written sales contract, this is not formally put into words.
A. employee contract B. offer letter C. psychological contract D. union bond E. legal agreement
The Easton decision about required disclosures does NOT apply to
A. single-family residences. B. defects that would be discovered by a reasonably competent inspection. C. nonresidential property. D. patent defects.