An owner discovers an encroachment on their property. The owner's best course of action would be to:
A. Seek a judicial remedy.
B. Remove the encroachment.
C. Sell the property.
D. Purchase title insurance.
Answer: A. Seek a judicial remedy.
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An FI that finances long-term fixed rate mortgages with short-term deposits is exposed to
A. increases in net interest income and decreases in the market value of equity when interest rates fall. B. decreases in net interest income and decreases in the market value of equity when interest rates fall. C. decreases in net interest income and decreases in the market value of equity when interest rates rise. D. increases in net interest income and decreases in the market value of equity when interest rates rise. E. increases in net interest income and increases in the market value of equity when interest rates rise.
Regularly scheduled maintenance by the property manager to change the filters on the heating and air conditioning equipment would be be considered:
A. Preventive maintenance. B. Corrective maintenance. C. Deferred maintenance. D. Factory maintenance.