You should be particularly wary if an offer is received on your listing that contains the word(s)
a. "subordination."
b. "transfer disclosure."
c. "time is of the essence."
d. "liquidated damages."
Answer: a. "subordination."
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Rose and Irene each have a 50% interest in a partnership that started business on July 1. Rose uses a calendar year, while Irene has a fiscal year ending November 30. Which of the following is true?
A. The partnership may also use the calendar year because at least 50% is owned by a calendar-year taxpayer. B. The partnership must use the fiscal year ending November 30 because it results in a deferral of 11 months. C. The partnership must use the fiscal year ending November 30 because it results in a deferral of 1 month. D. The partnership may use either the calendar year or fiscal year ending November 30 because each partner owns an equal percentage.
Which of the following cannot be used as a pointing adjective?
A) this B) they C) those D) these E) that