Answer Happy

31. The simplest form of a business entity is the:
A - Sole Proprietorship
B - Corporation
C - Partnership
D - Franchise
32. The highest level of property ownership is the:
A - Life Estate
B - Fee Simple Determinable
C - Fee Simple
D - None of the above
33. Which of the following are not personal property?
A - A house
B - A car
C - A Pet
D - A Boat
34. Which of the following are considered intangible personal
property?
A - Contracts
B - Electricity
C - A Car
D - A and B
35. Which of the following would be considered a fixture?
A - Personal property that has become attached to real
property
B - Something that is easily removed from real property
C - A Grant Deed
D - A Gift