A tenant leases the property on a year;y basis and could terminate the lease by giving the landlord a 60-day notice. This lease was MOST LIKELY a(n):
A. Estate for years.
B. Tenancy in common.
C. Periodic estate.
D. Estate at sufferance.
Answer: C. Periodic estate.
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An AICPA special committee has developed business plans for assurance services covering which of the following?
a. Elder care, electronic commerce, and reporting on management's discussion and analysis b. Electronic commerce, development of financial forecasts, and risk assessment c. Information systems design, performance measurement, and healthcare delivery d. Assurances to underwriters, healthcare delivery, and elder care
To effectively collect on a loss when filing a homeowner's claim, the first step should be
A) to make temporary repairs to protect your property. B) confirm the adjuster's estimate. C) make a detailed list of everything lost or damaged. D) maintain records of the insurance settlement process, especially expenses. E) report your loss to your insurance agent, and the police if applicable.