Finance MCQ

Jun 27th, 2016
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Question Multiple Choice Identify the choice that best completes the statement or answers the question. 1. Jeff owns a house. There is a throw rug in the house on a tile floor. Which of the following is most likely to meet the definition of a fixture? a. the house. b. the throw rug. c. the tile floor. d. None of the above. 2. Floyd tells his daughter Glenda that she can have his Harley Davidson when he dies, but he does not add this to his will. What type of transfer, if any, is this? a. It is an intestate disposition. b. It is a valid inter vivos gift. c. It is a valid specific testamentary devise. d. It is not a valid gift. 3. Delacroix discovers a boat adrift, and he retrieves and anchors it. The boat has a number on its side and other evidence pointing to its owner, Elvira. This is a. an involuntary bailment. b. a voluntary bailment. c. an express bailment. d. Not a bailment. 4. Jack and Jill, who are brother and sister, own 10,000 shares of stock in My-T Gro Corpor

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Finance MCQReport this Question as InappropriateQuestionMultiple ChoiceIdentify the choice that best completes the statement or answers the question.1. Jeff owns a house. There is a throw rug in the house on a tile floor. Which of the following ismost likely to meet the definition of a fixture?a. the house.b. the throw rug.c. the tile floor.d. None of the above.2. Floyd tells his daughter Glenda that she can have his Harley Davidson when he dies, but hedoes not add this to his will. What type of transfer, if any, is this?a. It is an intestate disposition.b. It is a valid inter vivos gift.c. It is a valid specific testamentary devise.d. It is not a valid gift.3. Delacroix discovers a boat adrift, and he retrieves and anchors it. The boat has a number on itsside and other evidence pointing to its owner, Elvira. This isa. an involuntary bailment.b. a voluntary bailment.c. an express bailment.d. Not a bailment.4. Jack and Jill, who are brother and sister, own 10,000 shares of stock in My-T Gro Corporation.Because of the manner in which title is set up, on the death of either owner, that owner's interestin the stock will pass by operation of law to the surviving owner who will own all of the shares,outright. What type of ownership interest is this?a. a tenancy in common.b. a life estate.c. a joint tenancy.d. a tenancy by the entireties.5. Quito and Raul own a condo near San Francisco Bay as joint tenants. Raul sells his ownershiprights in the condo

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