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.
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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.
Answer:
20 and $1 billion
Explanation:
The computation is shown below"
We know that
Money multiplier = 1 ÷ required reserve ratio
= 1 ÷ 0.05
= 20
Now the amount that would increase the money supply is
= $20 billion ÷ $20
= $1 billion
Hence, in this way it should be determined so that the chances of getting right answers would be high
Therefore the same is relevant
Answer:
LIFO ending inventory $ 544.00
Weighted average: $ 565.44
FIFO ending invetory: $ 590.00
Explanation:
weighted-average:
1,449 / 41 = 35,34
Ending Inventory
16 x 35.34
LIFo we pick the first 16 units as the latest were sold:
8 units at $ 33 = $ 264
8 units at $ 35 = $ 280
Total ending inventory $ 544
FIFo we pick the last as the first one are the first being sold
15 units at 37 = 555
1 unit at 35 = 35
total ending 590
Answer:
price of the maturity at the time of sell will be $63.01
Explanation:
We have given maturity after six year of the purchase = $100
Annual interest r = 8%
Time period n = 6
We have to find the the amount of sell of the bond P
We know that future value is given as , here A is the price of maturity after 6 year P is price if maturity at the time of sell r is rate of interest and n is time period
So
P = $63.01
So price of the maturity at the time of sell will be $63.01
Answer:
B) Investors are expecting the future one-year rate to be 8%