BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The most common way to acquire property is by
A
contract
B
gift
C
inheritence
D
all of the above
Explanation: 

Detailed explanation-1: -Acquisition by purchase is the most common way we acquire personal property, but there are at least five other ways to legally acquire personal property: (1) possession, (2) finding lost or misplaced property, (3) gift, (4) accession, and (5) confusion.

Detailed explanation-2: -The most common form of real property ownership is fee simple or fee simple absolute. Fee simple means the right to exclusivepossession of a particular piece of land for an indefinite time, as well as the right to dispose of the land as the owner pleases.

Detailed explanation-3: -If you’re searching for properties you will most often come across a few different property types. The most common being house, townhouse, unit, villa, land, acreage, rural, blocks of units/apartments and retirement living.

There is 1 question to complete.