Match the Most Appropriate Term to the Definition

question 47

Multiple Choice

Match the most appropriate term to the definition.
-Requires no communication

• A)adverse possession
• B)statute of frauds
• C)joint tenancy
• D)easement
• E)remainder
• F)mislaid property
• G)habitability
• H)tenancy in common
• I)abandoned property
• J)mutual benefit bailment
• K)gratuitous bailment
• L)life estate
• M)condominiums
• N)replevin
• O)nonfreehold estate
• P)fixture
• Q)fee simple
• R)undivided interest
• S)due care
• T)lost

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Definitions:

Firm Offer Rule

A legal principle stating that a merchant’s offer to buy or sell goods, assuring that the offer will remain open for a certain period, is binding and cannot be revoked.

Merchant Offeror

A seller or provider of goods or services considered legally as a "merchant," often involved in making offers in the course of business.

Writing

The act or process of composing text or documenting information in a durable medium.

Offeror

The party in a contract who makes the offer to enter into an agreement.