Which of he following deed clauses is most likely to state the names of the parties?

a. premises
b. habendum
c. testimonium
d. none of the above

Answer: a. premises

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What is consigned inventory?

a. Goods that are shipped, but title transfers to the receiver. b. Goods that are sold, but payment is not required until the goods are sold. c. Goods that are shipped, but title remains with the shipper. d. Goods that have been segregated for shipment to a customer.

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Brady's listing of deferred tax assets and liabilities includes the following for operations in the tax jurisdictions of Tambura and Nileboo:Tambura:Deferred tax asset of $5 millionValuation allowance of $2 millionDeferred tax liability of $14 million?Nileboo:Deferred tax asset of $18 millionDeferred tax liability of $3 millionBrady files separate tax returns in Tambura and Nileboo. Brady's balance sheet would include the following disclosure of deferred tax assets and liabilities:

A. A deferred tax liability of $19 million and a deferred tax asset of $23 million.
B. A deferred tax asset of $4 million.
C. A deferred tax liability of $17 million and a deferred tax asset of $21 million.
D. A deferred tax liability of $11 million and a deferred tax asset of $15 million.

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