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bekas [8.4K]
2 years ago
9

The City of Grand Rapids installed a new water main on Oak Street. The city then decided to charge the property owners along Oak

Street a proportional cost of the new water main. If a property owner refuses to pay their proportional share of the cost, the city may file:______.a) property tax lien.
b) assessment lien.
c) general lien.
d) mechanics' lien.
Business
1 answer:
Gnoma [55]2 years ago
3 0

Answer:

b) assessment lien.

Explanation:

In this scenario, The City of Grand Rapids installed a new water main on Oak Street. The city then decided to charge the property owners along Oak Street a proportional cost of the new water main. If a property owner refuses to pay their proportional share of the cost, the city may file assessment lien.

Assessment lien can be defined as a hold or a legal claim on a property being owed by another, while benefiting from an improvement or modification made and shall be deducted from the client for the improvements made by a municipal owner.

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A landowner in Texas is offered $200,000 for the exploration rights to oil on her land, along with a 25% royalty on the future p
Shtirlitz [24]

Answer:

b. She should develop herself as the EMV of developing is $1.125 million, which is higher than the EMV of selling.

Explanation:

The probability of discovered oil = 0.25 (25%)

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When tires are taxed and sellers of tires are required to pay the tax to the government, Group of answer choices the price paid
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The correct option is, the quantity of tires bought and sold in the market is reduced.

<h3>When tires are taxed and sellers of tires are required to pay the tax to the government?</h3>
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<h3>When a tax is placed on a product the price paid by buyers?</h3>
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<h3>What is deadweight loss?</h3>
  • The cost of market inefficiency, which happens when supply and demand are out of balance, is known as a deadweight loss.
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