The Main Attraction of Is the Ease of Administration

question 3

Multiple Choice

The main attraction of is the ease of administration.

• A)general sales tax
• B)excise tax
• C)customs duties
• D)all of these answers are correct.

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Definitions:

Heir

A person legally entitled to receive part of the estate of a deceased person, either by will or through intestate succession laws.

Specific Warranty Deed

A legal document that transfers real estate ownership, guaranteeing the property is free from claims and liens only during the grantor's ownership.

General Warranty Deed

A legal document transferring property ownership that guarantees the seller holds clear title and assumes responsibility for any title defects.

Restrictive Covenants

Legal agreements tied to a property that restrict the actions property owners can take, often used in employment contracts and real estate.