Answer:
True
Explanation:
Like-kind property is real property held for investment or use in a trade or business exchanged for real property held for investment or use in a trade or business.
However, Taxpayers must defer gain or loss realized on the exchange of like-kind property.
The person that owns the property is : The living twin.
<h3>What is joint tenancy ?</h3>
Joint tenancy can be defined as the process in which two or more people jointly own a property.
Hence, the living twin owns the property based on the fact that in joint tenancy If one of the owner dies the property will be giving to the remaining owner which means that you cannot give the property to another person in your will.
The complete question is:
A property owner owned a tract of commercial property that he conveyed in joint tenancy to his twin sons as a birthday present. Unfortunately, a few years after the conveyance, the property owner and his sons had a serious falling out over how to run the family business. The property owner no longer wished the sons to control valuable commercial property, and so he demanded that they return the deed with which he conveyed the property to them. The sons returned the deed, and the property owner destroyed it. A few months later, one of the twins learned that he was seriously ill and not likely to live much longer. He executed a quitclaim deed conveying "any interest I have in the commercial property conveyed to me and my brother from my father" to his daughter. The twin who conveyed the property subsequently died.
Who owns the property?
A. The living twin.
B. The property owner.
C. The living twin and the deceased twin's daughter as tenants in common.
D. The living twin and the deceased twin's daughter as joint tenants.
Learn more about joint tenancy here:brainly.com/question/12932972
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Answer:
Price are equal
Explanation:
In the case when you want to maximize your utility and a consumer having a fixed type of budget wants to purchase the quantities of the goods so here the ratio of the marginal utility for each goods to its price would be equal
So according to the given situation the price are equal would be considered and relevant too
Three of the most important questions he needs to ask are the following: 1. Are you making a big purchase? This is important because the bigger the pruchase the better attention he needs to have into interest rates. 2. <span> How are you paying off your card balance?</span> the payment can be in one payment or in different ones. And 3. <span> Would you like free bonuses with your purchase? some credits offer that some others not. It is very important to have that in mind</span>
B. False. More real-world, relevant and important ideas to keep in mind when shopping for shoes and clothes are the associated quality of the manufacturer, which could be a brand name. Also, of utmost importance is the overall quality of the product with relation to its cost. The size of the item is also important. Do not buy an overpriced item, that does not fit properly and is made of cheap materials that quickly break.