Which of the Following Would Be Classified as a Natural

question 110

Multiple Choice

Which of the following would be classified as a natural resource?

• A)Patent on an oil extraction process.
• B)Land held as an investment.
• C)Timber purchased by a lumber yard.
• D)Diamond mine.
• E)Goodwill.

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Definitions:

Statutory Assignment

A legal transfer of a right from one party to another, made under and governed by statutory law.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money either on demand or at a set time.

Fraudulent Misrepresentation

A false statement made knowingly, without belief in its truth, or recklessly, carelessly whether it is true or false, with the intent that someone else would rely on it and suffer loss.

Intentionally Misleading

Deliberately providing false or deceptive information.