The highest form of ownership a person can have in a piece of property is:
a. fee simple absolute
b. fee simple qualified
c. life estate
d. testate estate
Answer: a. fee simple absolute
You might also like to view...
Which of the following ensures fair competition and low prices to U.S. consumers?
a. Antiboycott Regulations b. Antitrust Laws c. Export Administration Act of 1985 d. Trading with the Enemy Act of 1917
Which of the following can be considered beta testing?
A) A programmer at Linus Systems checks the integration of multiple modules of an information system. B) Software testers compare the finished system against user requirements to see if it satisfies all necessary criteria. C) Taro Inc. checks the correctness of the modules in its new information system. D) System users at URP feed data into a new information system to test its capability. E) MNP Inc. checks the system to ensure that it meets all the necessary design requirements.