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krek1111 [17]
1 year ago
5

creden follows all procedural steps in conveying his property to adam. however, the deed does not state what type of interest is

transferred to adam. adam claims he has a fee simple absolute, but creden says it is a life estate because they agreed that he could only have it until he died. what type of estate does adam own?
Business
1 answer:
Pepsi [2]1 year ago
3 0

In a case whereby creden follows all procedural steps in conveying his property to adam. however, the deed does not state what type of interest is transferred to adam, the type of estate does adam own is A life estate, if that is what they agreed upon.

<h3>What is a life estate?</h3>

A life estate can be described as the estate that is been created by a deed that gives the land to the person "for life.

It should be noted that in this type of estate then there is usually the identification of what should happen to it after that person dies.

Therefore, the second option is correct.

Learn more about estate here: brainly.com/question/886326

#SPJ1

missing options:

A conditional estate, since there is a discrepancy.

A life estate, if that is what they agreed upon.

Fee simple absolute is presumed, since the deed does not state otherwise.

Either a fee simple absolute or a life estate.

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8 0
3 years ago
Which of the following is a depository financial institution?
Darya [45]
The answer is "Online Bank"
4 0
3 years ago
Read 2 more answers
Wattan Company reports beginning inventory of 10 units at $60 each. Every week for four weeks it purchases an additional 10 unit
qwelly [4]

Answer:

cost of goods available for sales= $3,180

Number of units= 50 units

Explanation:

Giving the following information:

Wattan Company reports beginning inventory of 10 units at $60 each. Every week for four weeks it purchases an additional 10 units at respective costs of $61, $62, $65, and $70 per unit for weeks 1 through 4.

To calculate the cost of goods available for sales, we need to use the following formula:

cost of goods available for sales= beginning inventory + cost of goods purchase during the year

cost of goods available for sales= 10*60 + 10*61 + 10*62 + 10*65 + 10*70

cost of goods available for sales= $3,180

Number of units= 5*10= 50 units

5 0
3 years ago
Which of the following is a function of the Federal Reserve System Board of Governors?
vfiekz [6]

Answer:

The answer is below

Explanation:

The Federal Reserve System Board of Governors is one of the five branches of the Federal Reserve System. Their roles involve carrying out the analysis of economic data, executing supervision of Reserve Banks, establishing and overseeing financial regulations.

The board comprises seven members with 14-year terms. They also partake in the Federal Open Market Committee and as well liaising with leaders in other parts of the government.

4 0
3 years ago
There are zero coupon bonds outstanding that have a YTM of 5.97 percent and mature in 19 years. The bonds have a par value of $1
Fed [463]

Answer:

market price = $1,104.20

Explanation:

yield to maturity of zero coupon bonds = (face value / market price)¹/ⁿ - 1

  • YTM = 5.97%
  • n = 19 x 2 = 38
  • face value = $10,000

(face value / market price)¹/ⁿ = YTM + 1

face value / market price = (YTM + 1)ⁿ

market price = face value / (YTM + 1)ⁿ

market price = $10,000 / 1.0597³⁸ = $10,000 / 9.0563 = $1,104.20

8 0
3 years ago
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