The Cost of Land Would Include All of the Following

question 3

Multiple Choice

The cost of land would include all of the following except:

• A) purchase price
• B) clearing the land
• C) back property taxes
• D) sidewalks and curbs

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Definitions:

Duty of Care

A legal obligation to adhere to a certain standard of reasonable care while performing acts that could foreseeably harm others.

Bailment for Mutual Benefit

A legal relationship where personal property is transferred from one party to another, with both parties receiving a benefit.

Gratuitous Bailment

A bailment relationship where the bailee agrees to hold onto the bailor's property without receiving any compensation.

Treasure Trove

A category of found property consisting of money, coins, or precious items concealed by an unknown owner with the intent for rediscovery.