If a man has a freehold estate, which of the following would result in his having a less-than-freehold estate:
A: Sale and leaseback;
B: Selling the mineral rights to a third party;
C: Giving a leasehold interest for 5 years;
D: Granting a life estate.
Answer: A: Sale and leaseback;
Business
You might also like to view...
When filing their federal income tax return, homeowners may deduct from their gross income:
A. Hazard insurance premium. B. Homeowners association, fees. C. Special assessment taxes. D. Loan prepayment penalties.
Business
What are the advantages and disadvantages of engaging in interactive marketing using the Web?
What will be an ideal response?
Business