If Greenacre is deeded by Person L to Person M for Person M's life, Person M has
a. a life estate.
b. an estate in remainder.
c. an estate in reversion.
d. no interest.
Answer: a. a life estate.
Business
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What is the key difference between the MRP and JIT inventory management approaches?
A) Only JIT reduces costs and improves efficiency. B) MRP is especially useful for products such as fashion apparel. C) JIT is more effectively used with products that have predictable patterns of demand. D) MRP schedules production to meet estimated sales needs; JIT schedules production to meet customer demands.
Business
Discuss the rules to be followed when using address abbreviations?
What will be an ideal response?
Business