To simply convey any interest in real estate without an assurance the individual holds that interest conveyed, a(n) __________ is used.
a. grant deed
b. abstract of title
c. quitclaim deed
d. implied covenant
Answer: c. quitclaim deed
Business
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Danube Corp. purchased a used machine for $17,000. The machine required installation costs of $7,000 and insurance while in transit of $600. At which of the following amounts would the be recorded?
A) $17,000 B) $24,000 C) $17,600 D) $24,600
Business
Which of the following is not a credit against gross estate tax in determining net estate tax?
A. Foreign death taxes. B. Qualified charitable contributions. C. Unified credit (applicable credit amount). D. Gift taxes on gifts included in the gross estate.
Business