i need the answer and at least a one sentence
explanation on why thats the answer
1) Solution: freehold estates
Explanation: The freehold estates consists of fee simple estate and life estate
2) Solution: fee simple absolute
Explanation: The fee simple absolute is highest form of ownership
3) Solution: registered domestic partners
Explanation: Since Victor and Karen are registered domestic partners thus they can together own community property
4) Solution: fee simple on condition subsequent
Explanation: The fee simple on condition subsequent can result to loss in fee simple estate.
5) Solution: fee simple absolute.
Explanation: A fee simple estate that has no conditions refers to the fee simple absolute.
6) Solution: a life estate.
Explanation: The life estate refers to ownership of land for the duration of an individual's life
7) Solution: an estate in reversion.
Explanation: The estate in reversion refers to the ownership on estate that reverts back to the grantor after a temporary ownership period
8) Solution: remainderman
Explanation: Remainderman is defined as an individual who is entitled to inherit property upon the termination of the estate of the former owner
9) Solution: no interest
Explanation: Nancy has no interest when Greenacre is deeded by Lou to Mary for the life of Nancy
10) Solution: sell only the life estate
Explanation: The owner of a life estate is allowed to sell only the life estate
11) Solution: time, title, interest, and possession
Explanation: Joint tenants have unity of title, interest, time, and possession
i need the answer and at least a one sentence explanation on why thats the answer...
i need answer and at least 1 sentence explanation why
its that answer
d. water test the Board of Land Commissioners. a. b. the State of California. I1. A subdivision map is the Spanish legal code. d. c. a. rarely accurate taking all land for public use. b. good only to describe the entire subdivision. c. never required. d. a good reference for a legal description. In California, the term real estate is synony mous with a. land b. fixtures....
1) A landlord-tenant relationship is characterized by the ________. A) transfer of title to the tenant B) receipt of a nonfreehold estate by the tenant C) creation of a future interest for the tenant D) free simple absolute ownership of the tenant 2) An estate where the tenant has a right to possess the real property but does not own title to the property is called ________. A) free simple absolute estate B) gifted estate C) nonfreehold estate D) easement...
1. Which of the following is not considered personal property in legal terms? A) Intangible property or chose in action B) A claim against someone that has value C) Intellectual property (ideas and creative work) D) Chattels E) A good affixed to real property Answer: : An option agreement is A) a contract transferring the fee simple to a new owner. B) a contract by which the offeror of property promises to hold his offer open for a period of...
Zora, Heathcliff, Manuel, and Mohammad own a large commercial building as joint tenants. If Heathcliff executes a will that leaves all of his property to his alma mater university, who owns the property when Heathcliff dies? A. Zora, Manuel, and Mohammad each own a one-third interest in the building. B. Zora, Manuel, and Mohammad each own a life estate in the building that will go to the university upon their deaths. C. Zora, Manuel, Mohammad, and the university each own...
How does confidential business information maintain the protection of the law? a. by registration b. by fixation c. by efforts to keep it secret d. by use The president of Amanda's organization has instructed that all strategic business information be protected due to its confidentiality. How will this secret information receive protection? a. Protection is afforded exclusively through patent claims. Protection is afforded exclusively through express or implied confidentiality obligations. Protection is afforded by copyright law. Protection is...
Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...
Please carefully look at the instructions and asnswe it. i
have also attached the 2019 1040 Form and Schedule 1.
Please show your work on the tax return form as well.
Thank you so much in advance
Use
2020 Tax Rates Schedules
That is all the information i have
Required information [The following information applies to the questions displayed below.) Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries,...
Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year... whatever that means. It's been a busy year and I'm a busy man, so let me give you the lowdown on my life and you can do your thing I was unemployed at the beginning of the year and got $2,000 in unemployment compensation. I later got a job as a manager for Roca Cola. I earned $57,500...
23. What is the total net amount of capital gain reported on
Form 1040? OA. $308 OB. $2,411 C. $2,719 OD. $2,900
Advanced Scenario 7: Mark and Barbara Matthews Directions Using the tax software, complete the tax return, including Form 1040 and all appropri- ate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice....
Super stuck on a couple of questions on this scenario.
Advanced Scenario 7: Mark and Barbara Matthews Directions Using the tax software, complete the tax retum, including Form 1040 and all appropri- ate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNS) or Employer identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice. Interview Notes • Mark and Barbara are married and want to file...