Homes Tend to Be a / an _____ Asset

question 7

Multiple Choice

Homes tend to be a / an _____ asset.

• A)Appreciating.
• B)Depreciating.
• C)Investment.
• D)Retirement.

---

Definitions:

Lost Profits

Financial gains that were expected but not realized due to the wrongful acts of another party.

Breach of Contract

The failure to fulfill the terms agreed upon in a contract, whether by not performing duties, providing defective goods, or any other non-compliance.

Contractor

An individual or firm that agrees to provide materials or perform services for another party under the terms of a contract.

Claiming Compensation

The act of seeking monetary reimbursement for harm, loss, or damages suffered because of another's actions or negligence.