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Troyanec [42]
3 years ago
6

A landowner validly conveyed a small office building to the green party "as long as they use it for operating quarters until the

next presidential election." after the next presidential election, which was in three years, the building would go to a private organization that monitors and prepares comprehensive listings of gas prices throughout the country. a year after the conveyance, the landowner died, validly devising all of her property to her son. although this jurisdiction is a common law jurisdiction with respect to all real property considerations, the state's probate laws provide that future interests or estates in real property may be passed by will or descent in the same manner as present or possessory interests. last week, the green party and the gas monitoring organization joined together to sell the office building in fee simple absolute to a developer. the son filed suit to prevent the sale of the property to the developer. in this action, who should prevail?
Business
2 answers:
hjlf3 years ago
7 0

The green party and the gas monitoring organization should prevail because the land owner had willed that the property be given to them.

qwelly [4]3 years ago
3 0

Answer:

The son

Explanation:

In this example, it is the son who should prevail. In this case, the grant did not provide for what would happen if the party stopped using the building. The party was only allowed to use the office building as operating headquarters during a 3 year period. This means that the son had the reverter interest. When a person holds property in fee for a determinate amount of time, he or she only holds the property as long as the event stated occurs. If this event happens, then the property would go back to the grantor (or in this case, the son).

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6 0
3 years ago
Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs t
Masteriza [31]

Answer:

55,000 Credit balance

Explanation:

Mango Company

Predetermined overhead rate /Estimated overhead cost

= $600,000 / $300,000

Estimated direct labor cost = 200%

Applied overhead :

=Actual direct labor cost of $335,000 × 200%

= $670,000

Overhead incurred-Overhead applied

$615000 – $670,000

=$55,000

Therefore At year-end, the balance in the Factory Overhead account is a: credit of $55,000

8 0
3 years ago
Read 2 more answers
How do banks create money? banks create money by ______. a. printing more $20 bills b. making loans c. sending out credit cards
Anestetic [448]

Banks create cash by using lending extra reserves to buyers and businesses. This, in turn, finally provides greater to money in circulation as dollars are deposited and loaned again.

The Fed does not really print money. This is treated through the Treasury Department's Bureau of Engraving and Printing.

<h3>How is money created in the economy?</h3>

Most of the money in our economy is created by using banks, in the form of financial institution deposits – the numbers that show up in your account. Banks create new money each time they make loans. 97% of the money in the financial system today exists as financial institution deposits, at the same time as simply 3% is physical cash.

<h3>How do commercial banks create money?</h3>

Commercial banks make cash through imparting and earning activity from loans such as mortgages, auto loans, business loans, and personal loans. Customer deposits provide banks with the capital to make these loans.

Learn more about creating money here:

<h3>brainly.com/question/3625390</h3><h3 /><h3>#SPJ4</h3>
3 0
2 years ago
Which of the following is a reason to purchase bonds
Anna11 [10]

To receive a specific reliable return on your investment.

It is a specific return because it is pre-set and you know what you can expect to get up front. It is reliable because bonds are low risk and generally safe investments.

Low risk/low reward.

5 0
4 years ago
The Department of Homeland Security has asked the Internal Revenue Service for the tax retums of U.S. citizens who have been ide
padilas [110]

Answer: The Department of Homeland Security can obtain the information because it is engaged in law enforcement activity

Explanation:

With regards to the question above, it should be noted that exchanging information is not allowed only in cases whereby the Department if Homeland Security needs it for law enforcement activities.

Therefore, option D i.e. The Department of Homeland Security can obtain the information because it is engaged in law enforcement activity is correct.

7 0
3 years ago
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