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Under the Registry System Peter and Marisa Are Neighbours

question 21

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Under the Registry system Peter and Marisa are neighbours. The only access to Marisa's property is through a lane running along the full length of Peter's property. Marisa has been using this lane to enter her property before Peter became the owner of the property. Which of the following is TRUE?


Definitions:

Cash Dividends

Distributions of earnings paid to shareholders in the form of cash.

Note Payable

A written promise to pay a specific sum of money, plus interest if applicable, to another party at a future date or on demand.

Net Cash Flow

The difference between a company's cash inflows and cash outflows over a specific period of time.

Bond Interest

The periodic payment that bond issuers make to bondholders, typically as a fixed percentage of the bond's face value.

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