Which of the Following Statements Is Not True of a Deed

question 11

Multiple Choice

Which of the following statements is not true of a deed?

• A)A deed is a formal written contract.
• B)A deed is signed by the parties before a witness and expressed to be sealed and delivered.
• C)A deed is a formal written contract expressed to be a deed.
• D)When enforcing a deed it is necessary to show that the promisee provided consideration for the promise.

Comprehend the treatment of ordinary maintenance versus improvement expenditures.

Understand the accounting treatment of leased assets and their presentation on the balance sheet.

Understand the principles and methods of calculating depreciation for fixed assets.

Grasp the concept and implications of asset residual value and depreciation revisions.

---

Definitions:

Blank Slate

The theory that individuals are born without built-in mental content and that all knowledge comes from experience or perception.

Human Knowledge

The accumulated factual information, understanding, and skills that humans acquire through experience, education, and learning.

Locke And Hobbes

John Locke and Thomas Hobbes were influential English philosophers; Locke is known for his theories on natural rights and government by consent, while Hobbes is famous for his social contract theory and views on the nature of human beings.

Human Beings

Homo sapiens; the species of bipedal primates to which all modern human beings belong, characterized by their capacity for language, thought, and complex social structures.