BUSINESS ADMINISTRATION
BUSINESS LAW
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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contract
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gift
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inheritence
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all of the above
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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.