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What Is the Character of Land Used in an Active

question 86

Multiple Choice

What is the character of land used in an active trade or business for two years?


Definitions:

Refuse To Honor

The act of not accepting, acknowledging, or fulfilling an agreement, request, or instruction.

Enough Money

Implies having sufficient funds to meet needs, obligations, or desired goals without financial strain.

Sue

The act of bringing a legal action against an individual or entity to seek redress or enforcement of rights.

Check

A draft drawn on a bank and payable on demand.

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