A fee simple estate and a life estate are

a. freehold estates.
b. fee simple estates.
c. leasehold estates.
d. estates of tenancy.

Answer: a. freehold estates.

Business

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In the closing section of a routine request, ________ would be out of place

A) asking a series of questions B) requesting some specific action C) expressing your goodwill and appreciation D) providing your contact information E) including relevant deadlines

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Based on the information in Table 4-2, the inventory turnover ratio is

A) 2.37 times. B) 4.43 times. C) 1.29 times. D) 2.99 times.

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