Currently, About of State and Local Revenue Comes from the Federal

question 24

Multiple Choice

Currently, about of state and local revenue comes from the federal government.

• A) 50 percent
• B) 25 percent
• C) 20 percent
• D) 75 percent
• E) 33 1/3 percent

Identify the legal mechanisms available for changing ownership structures, including severance of joint tenancy and execution of wills.

Understand the principles governing leases, tenancies, and the implied rights and obligations of landlords and tenants.

Acknowledge the role and impact of restrictive covenants in property use and ownership.

Grasp the basics of property law as it relates to the registration, transfer, and leasing of both real and personal property.